Is it Beter to Buy or Rent a Home?

By
Real Estate Broker/Owner with Vic Steele, Broker CA DRE 01349863 CA BRE 01349863

Is it better to buy or rent a home? 🤔

Despite what you may hear, there’s no single right answer. But, don’t panic—we’re here to help! Start by asking yourself these 5️⃣ questions:

❓ How long do you plan to stay in the home?
You’ll get the most financial benefit if you remain in place for at least 5 years.

❓ Is it a better value to rent or buy in your area?
Look up the price-to-rent ratio, and consider the long-term financial impacts.

❓ Can you afford to own a home right now?
Be sure to consider the costs of maintenance and repairs.

❓ Can you qualify for a mortgage?
Talk to a lender to determine whether your finances are in order.

❓ How would owning a home change your lifestyle?
Do you relish the thought of painting the walls or starting a garden, or do you prefer to have someone else handle upkeep?

If you’re still on the fence, check out our latest blog post for more details about how to make the right decision for you.

#realestatetips #housingmarket #homebuyertips #2022goals #homeowner #homebuyer #realtortips #firsttimehomebuyer #personalfinance #realestate #realestateagent

Posted by

Valet Real Estate Services

 

A referral is sending someone you care about to someone you trust!

Vic Steele, Broker, CA DRE License No. 01349863
1250 N. Lakeview Avenue, Suite M, Anaheim, CA 92807

Vic@SteeleGroup.net

 

Comments (5)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Vic Steele very good helpful report about is it better to buy or rent a home. It is always better to buy a home.

Oct 27, 2022 02:26 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Vic, great questions to ask someone wondering what to do - buy or rent.

Oct 27, 2022 02:51 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Vic Steele in my opinion the advantages of owning a home far out weigh those of renting.

Oct 27, 2022 03:00 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Oct 28, 2022 03:59 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

The question of the day ... buy or rent?  After thoughtful consideration by the average person, it is still my belief and humble opinion that buying will always outweigh renting.  I would rather pay a monthly mortgage toward something I will own than to help a landlord pay for his real estate.  IMHO

Nov 04, 2022 05:33 PM