Renting Vs Buying Is not Just A Dream Anymore

Just A couple Reasons Why Purchasing A Home is still a Good Investment! 

 

Did you know that according to a 2012 Trulia Trends study, buying a home is 44 % cheaper than renting in the 100 largest metro areas in the United States. Mortgage rates are still decreasing and we are seeing that average rate for a 30-year fixed rate loan coming in at a 4.50 % at the time I posted this blog. 

Here are just Two Reasons Why Buying out weighs Renting Hands downs. 

 1. You can Avoid the cost of rising rent. 

Many have heard the familiar term it's a buyers market. But what does that mean? A buyer's market means it might be time to say goodbye to renting for good. If you're tired of rent increases at your current location, consider the benefits of buying a home instead. For the first time in decades rates are at incredible low rates.  You may be able to secure a great rate with your credit history and end up paying the equivalent or less in monthly payments as you build equity in a home. Renting can be a more affordable option for the short term, but renters still have to face rising rental costs year after year. 

2. Invest in your future. Not Your Land Lord's. 

Buying a home gives you a chance to start building equity, and you are investing in your future instead of the Land Lords.  While statics show that most Americans on Average move every 9 years.  Even if you end up selling your home in five or 10 years, you could profit from the sale and invest that money elsewhere. If you've been dealing with the frustration  of  rising rents or the hassles of packing and unpacking and all the fee's associated with  costly moves.  Finding your first home might just be the answer you have been looking for.  Purchasing your home will create the stability in your house budget you have been looking for especially if  you get a fixed-rate loan at a great rate. 

There will be no more worries about your rent budget being raised, and you will be paying into your investment instead of throwing your money down the drain.