Friday, February 9, 2024

Rent vs Own!?

How long will you plan on staying in your next home?

Depending on the length, it's wise to own your home.  Even if you need to move out before your breakeven point, you are not totally wasting your money....

Renting gets expensive FAST! The rent you’re spending could end up costing more than buying your dream home much sooner than you may think! Take a look at how buying compares to renting over time - and let's talk if you’re ready to take a look at how the numbers shake out for your exact rent vs purchase scenario!





Here is the list of assumption made:
Home appreciation: 5% yearly, which is consevetive in Bay Area.
Home maintenance: 0.5% yearly
Monthly rent: $4,500
Your home purchase price: $1.2M
Rent increase: 2% yearly.


#stoprenting #monthlypayment #homeaffordability #realestate #interestrates #buyrealestate #sellrealestate #realestatestats #closingcosts #iloverealestate #realestatestyle #allthingsrealestate #realtormomlife #realtorboss #realestatenews #realtoring #realtortips

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