Need Another Reason To Stop Renting And To Buy A Home In Charlotte?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Need Another Reason To Stop Renting And To Buy A Charlotte Area Home?

 

We already know many of the reasons it makes sense to stop renting and to buy a home:

  • To have a hedge against inflation and to fix your housing costs for years to come
  • To stop paying your landlord's mortgage
  • To take advantage of tax benefits
  • To build wealth long-term
  • To have control over the space you live in
  • Owning a home remains a cornerstone of the American Dream

 

As if these reasons aren't enough, ApartmentList.com's recent Charlotte Rent Report ranked Charlotte #10 for the Fastest Increases in Rents in the USA year-over-year! And RentCafe.com  and RentJungle.com show Charlotte rental rates increasing even faster than ApartmentList. But one thing is crystal clear -- Charlotte rental costs keep going up and will likely continue to do so. Don't get caught in the rental trap in 2019!

 

 

Growth In Charlotte Rents Over Past 12 Month Compared With North Carolina & USA

 

Charlotte NC Rent Increases For 12 Months

 

Charlotte's median rent increased  2.5% compared with the same time one year ago. Median rents in Charlotte are $970 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the fourth straight month that Charlotte  has seen rent increases after a decline in November 2018. Charlotte's year-over-year rent growth is a bit lower than the state average of 2.6%, but is almost double the national average of 1.3%.

 

 

Rental Trends For Charlotte vs. National Comparisons: March 2019

How Charlotte Rents Compare With National Figures

 

Although Charlotte is more affordable than other cities, median rents in Charlotte for a 2-bedroom home have risen almost twice as fast at 2.5% versus the national average where median rental prices increased 1.3%.

 

 

Median Rental Prices For Charlotte Region Cities & Towns 

 

Median Rent Prices For Charlotte Region Cities and Towns

 

As this graph clearly shows, rental rates are not going down in any of the towns and cities in the Charlotte region, either in North Carolina or South Carolina on a year-over-year basis. There is little to indicated that we will see a fall back in rental rates any time soon. The time to buy is NOW.  

 

 

OWNING A HOME IS A GREAT INVESTMENT

 

WHO SAID MILLENNIALS CAN'T BUY A HOME?

 

TIRED OF RENTING? WHY YOU SHOULD BE

 

DON'T GET CAUGHT IN THE RENTAL TRAP IN 2019

 

ARE YOU SPENDING TOO MUCH ON RENT?

 

 

 

If you're a Charlotte area renter who wants to stop paying your landlord's mortgage, lock in your housing costs, build wealth, and become a homeowner, you can:

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 free home listing alerts from greathomesincharlotte.com

 

 

This information about the advantages of buying a home versus renting is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We have been opening doors to homeownership for Charlotte region renters for 20+ years. We can open the door to your dream home, too!

 

If you're considering purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

 Originally publised at: https://greathomesincharlotte.com/buying/time-to-stop-renting/

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina
Groups:
Charlotte NC Real Estate
Charlotte North Carolina Area
Advice for Buyers
Tags:
rent vs buy
rent versus buy
renting vs buying a home
search charlotte area homes for sale
rental rates keep increasing in charlotte
great homes in charlotte
why its time to stop renting and buy a home

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
5,375,747
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is excellent advice to share.

Have a most productive April.

Apr 02, 2019 05:36 AM #3
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy... and wishing you a lovely April, as well.

Apr 02, 2019 05:55 AM #4
Rainmaker
1,497,238
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, rent prices went through the roof in my area, a two bedroom apartment(in a complex) is $1400.00. Owning a home rather than renting makes more sense to me. 

Apr 02, 2019 06:27 AM #5
Rainmaker
2,543,915
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Being able to work with Nina Hollander is all the reason that one would need, but you list some other great reasons too!

Apr 02, 2019 06:29 AM #6
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay hi Beth... people are really feeling the sticker shock here on rentals. Do you have much of a seasonal rental market? If you do, I'm sure that drives up rents, as well.

Apr 02, 2019 06:33 AM #7
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... it took me a minute to digest your comment... and then I got it! Thank you! As always you are way too kind! But I love it and you!

Apr 02, 2019 06:33 AM #8
Ambassador
3,098,475
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I can’t believe the price I’m getting for my rentals right now; it’s up 25% over the past two years Nina Hollander 

Apr 02, 2019 07:08 AM #9
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS that's an amazing increase for two years, Paul! Lots of sticker shock here in Charlotte, I can tell you.

Apr 02, 2019 07:46 AM #10
Rainmaker
4,441,289
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

You make excellent points of renting versus buying.  And whoever decides to buy should definitely contact you.  Wishing you a great Tuesday!

Apr 02, 2019 08:53 AM #11
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - I hope renters or those thinking of renting see your posts.  I feel so strongly about owning versus renting and you are the expert to show your clients the advantages.  When real estate areas are active and appreciating such as the Charlotte area, it is an option that must be considered. 

Apr 02, 2019 09:16 AM #12
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... with interest rates so low it makes no sense for people to keep renting with rents increasing so quickly. 

Apr 02, 2019 11:18 AM #13
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... I feel just as strongly that people of all generations should not waste their money on rent but invest in their own homes and their own financial futures.

Apr 02, 2019 11:21 AM #14
Rainmaker
5,375,747
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Wednesday morning, Nina.

We have a beautiful sunny day in Maryland and life is good. We just returned from a long weekend visit to Williamsburg, VA.

Apr 03, 2019 05:19 AM #15
Rainmaker
1,521,497
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Good morning Nina, so many excellent reasons to buy instead of rent. In Charlotte anyone that decides to buy needs to contact you!

Apr 03, 2019 05:26 AM #16
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley good morning, Roy, sunny and gorgeous here in Charlotte today as well. I love Williamsburg... haven't been there in decades and am long overdue for a return visit.

Apr 03, 2019 06:04 AM #17
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson good morning, Amanda... if you haven't noticed, I'm on a campaign for people to buy now.

Apr 03, 2019 06:05 AM #18
Rainmaker
1,917,152
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - especially in your area people need to stop renting and buy now.

Apr 03, 2019 07:38 AM #19
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... you said a mouthful! Maybe they'll listen to you more than to me! 

Apr 03, 2019 12:00 PM #20
Ambassador
1,850,096
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I did notice you are on a campaign to help renters realize there is another/better option than building wealth for a landlord. Good job too. Happy Thursday, Nina. D

Apr 04, 2019 07:56 AM #21
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Debb... I think I have one more post in me on this subject, before I lay it to rest for a while. Happy Thursday to you and Bernie!

Apr 04, 2019 11:20 AM #22
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,089,167

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information