Purchasing a Home builds "Your Net Worth" instead of the Landlord. Paying rent gives you no return on your investment. Don't Throw Your Money Away. Check out this examples below:
Buying a Home vs. Cost of Renting
| Rental/Month | Cost of Renting over 3 Years | Cost of Renting over 5 Years |
| $800 | $28,800 | $48,000 |
| $900 | $32,400 | $54,000 |
| $1,000 | $36,000 | $60,000 |
| $1,100 | $39,600 | $66,000 |
| $1,200 | $43,200 | $72,000 |
| $1,300 | $46,800 | $78,000 |
| $1,400 | $50,400 | $84,000 |
| $1,500 | $54,000 | $90,000 |
| $1,600 | $57,600 | $96,000 |
| $1,700 | $61,200 | $102,000 |
| $1,800 | $64,800 | $108,000 |
See it can be costly to rent for an extended period of time. If you have "Good Credit", then you should consider getting pre-approved with a mortgage lender. I can assist you with a lender if you don't have one. They can discuss various mortgage programs. Own Today, Call me to learn more about Buying a Home at 484-459-8007 Direct Office Line or 610-647-2600 Office. Visit my website http://www.BillGero.com for Chester County & Main Line of Philadelphia real estate information, listings, search all properties, etc.
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