Renting vs. Buying...that is the question!

Real Estate Agent with Berkshire Hathaway Maui Properties

The Cost of Renting vs. Buying a Home Some Highlights:

· Historically, the choice between renting and buying a home has been a tough decision.

· Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.

· Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

I often hear people weighing these 2 options and don't know where to start and how to calculate. These days we have many low-down payment options for buyers to take advantage of and interest rates are historically low at the moment.

Cost of money is low so don't wait. Interest rate cost will allow you buy much easier than waiting for the right time which never comes. Real estate is about planning and nobody owning home for at least 5 years have ever regretted this decision.

Pre- approval is free and so is my help to find you the right home at the right price.

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Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

In my mind it is always better to buy.  You have something of your own.  You can redecorate as you please. In our area rent is very pricey.  More often than not buying is cheaper than renting.

Nov 16, 2019 07:07 PM #1
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

This is a great graphic and it makes me sad to see people renting, rather than building up equity in themselves.

Nov 17, 2019 06:16 AM #2
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Zee Mahan

Get your own piece of Maui paradise...
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