Renting vs. Buying

Housing prices are on the rise in Asheville this year.  Increased costs make now the ideal time to look at your current housing expenses and save money where possible.  There are a bunch of factors that you should weigh before making a choice, and speaking with an adviser before you commit is always wise.  You’ll want to look at things like your 5 year plan, economic and financial stability, income levels, household expenses, desired neighborhoods, etc.).  I’m hearing from a lot of our current residents that choosing to rent was one of the best decisions they’ve made this year.  Owning a house costs money in maintenance/upkeep, taxes, insurance, mortgage payments, upgrades and renovations, and the list keeps going.  That’s not to say that there aren’t expenses beyond your monthly rent check if you choose to rent, but they tend to be a fraction of the costs associated with owning a home.  I found this infographic on another Realtors website and wanted to share it with you.  If you decide that renting a home is best for you and your family, give us a call and we’ll be happy to help.

Renting vs. Buying

 

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