Are you wondering if now is a good time to buy a home in Reno or Sparks
Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home in the calculator below. Check the advanced settings button to change inputs such as your rate of return on investments, condo/common fees and your tax bracket.
Owning your own home definately has these advantages:
Better place to raise your children 88%
Better for your family's safety 83%
Better for engagement in the community 80%
Better sense of privacy and security 90%
Buying may not be for everyone. You need to have job security and be sure you want to continue to live in the area.
The New York Times published a great article and a handy Calculator that lets you quickly compare costs and gives you year-by-year statistics for 30 years. It will even tell you which is better buying a home or renting a home based on your personal situation.
All associated costs with owning a home and renting a home are listed for you.
If you think owning is better for you and would like to take a look at current homes for sale in Reno or Sparks, call me, I'm here to help. Sandra (775) 287-8222.