Renting vs. Buying: What’s Right for You?

Did you know homeowners have 33x more net worth than renters? That’s a big advantage! But choosing to buy or rent depends on your lifestyle, finances, and future goals. While 92% of homebuyers believe buying is the smarter long-term move, the right choice depends on your situation.

How long will you stay? If you plan to stay 3-5+ years, buying may make sense.

What’s your rent vs. a mortgage? If they’re similar, homeownership could be a smart move—but remember taxes and maintenance costs.

Can you afford it? Ideally, housing costs should be 25% or less of your income, with total debt under 40%.

Do you have pets or kids? Owning gives more space and flexibility, plus no pet restrictions!

Are you a veteran? VA loans offer great benefits like zero down payment and lower rates.

Build Wealth – Every payment builds home equity and grows your net worth.

Tax Savings – Mortgage interest may be tax-deductible.

Predictable Payments – Fixed mortgages keep costs steady, unlike rising rent.

Personal Freedom – No landlords, no restrictions—your home, your rules!

Flexibility – Easier to move with short-term leases.

Less Maintenance – Repairs? That’s your landlord’s problem.

Lower Upfront Costs – Renting typically requires less cash upfront.

Owning a home is a powerful way to build wealth, but it’s all about timing. Not ready yet? That’s okay! Planning now can help you buy when the time is right. Let’s chat—I’d love to help you explore your options!