RENTS CONTINUE TO RISE
Have you been thinking of buying your own home? Have you checked the rent vs buy costs? Rental rates throughout the country are continuing to rise. With the average rent having an 0.8 percent increase and a 3.4 percent year-over-year increase.
If you are spending a $1,000.00 a month rent of a home, you may be able to purchase a home of your own and stop paying someone else’s mortgage. Sometimes for even less than what you are paying for a rental.
With the way rent continues to rise, it’s a great time to consider purchasing a home. Whether you’re a first-time buyer or looking to get back into home ownership, you can save a lot of money in the long run compared to continued renting.
If you’re thinking about buying, talk to your trusted real estate professional and see if it’s the right time for you to make a move and what you’ll need to do to make it happen.