There’s a lot of factors to think about when deciding to rent or buy. Consider things outside of your monthly bills like your responsibility to maintain the property, and keeping cash for unexpected expenses.
In my opinion, those trade offs are worth it for the value of appreciation over time, building equity, and personal wealth.
If rates have you worried, remember that they 𝘊𝘈𝘕 come down. If that happens, you can refinance to lower your monthly payment… but rental rates– rarely decline.
𝐒𝐨 𝐰𝐡𝐚𝐭’𝐬 𝐭𝐡𝐞 𝐩𝐨𝐢𝐧𝐭?
Ownership provides price stability that renting does not. And while renting has its purpose, remember that home ownership has long term upsides compared to the short term benefits of renting.
Ultimately the decision to rent vs buy is more than just a financial one, but if you’re ready and able to purchase, don’t let rates get you down!
𝐇𝐚𝐯𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐭𝐨 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫?
Let’s chat. I’d love to help.
Your Palm Harbor Realtor,
The Fazzini Group | ReMax Realtec