Still renting? There are plenty of reasons you might be. It could be related to your job, or kids school, or just it’s what you’ve always done. Maybe it’s a matter of credit, finances, or other life events.
Whatever the reason you’re still making payment to the landlord every month there’s a number of reasons why it’s a great time to buy now; here are just a few to consider:
Home Prices Are Still Low
Despite limited inventory home prices are still lower than they’ve been in years; there are still some good deals available on the market. One thing is for certain, prices aren’t likely to come down any time soon so take advantage!
Renting is fine if you’re going to be moving soon but if you’re looking to put down roots one of the best reasons to buy instead of rent is equity. When you rent if property values go up it’s likely only going to raise your rent, as an owner when values go up your equity increases as well. Your home is more than a place to live, it’s an investment.
Buying Is Cheaper
Rent is rising all over the country but even at current rates a mortgage payment is still going to generally be more affordable than paying rent. While $900 in rent might pay for a one or two bedroom townhouse or apartment that same amount when applied to a mortgage is more likely to cover a 3 bedroom house.
There are plenty more reasons to buy a home instead of continuing to rent, and it’s more attainable than you might think. We would love to have the opportunity to help you find your dream home if you’re looking to buy, or sell your current home as well! Contact Evans Realty today to work with on of our experienced agents!