Rent vs. Own

Q.

I am currently renting a home in east Lancaster for $1300 per month. I am considering buying a home but I don’t know where to start.

A.

Many families who are currently renting have made the decision and taken the steps to become homeowners.

The Savvy renter understands that they can pay much less per month to own their own home in than to continue renting.

RE/MAX All-Pro listed this home in East Lancaster for $103,900, and I think it’s a great example of what we are talking about today. We have Gabby Godde with Mountain West Financial here within the Re/Max All Pro office to talk about the financial aspects of purchasing a home like this with you.

So with average rents in East Lancaster ranging from $1200-$1400 per month, we are talking about a savings between $200-300 per month

Current housing market conditions in Lancaster and Palmdale makes for a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home.

It is important to consider all aspects of purchasing a home. There are costs of homeownership that are not included in this breakdown such as the maintenance and utilities of a home; however, there are also some compelling reasons to strive for the “American Dream.”

If you or anyone you know is interested in buying or selling a home, All Pro Agents can help! Call us today for all your Palmdale Real Estate needs at (661)726-4804 OR visit our website at http://www.allproagents.com