Lindsay McBride Real Estate

Buying a Home is 44% Cheaper than Renting

In a recent study done by Trulia, renting is considerably more expensive than buying your home.  “Buying a home is cheaper than renting in all of the 100 largest metro areas,” according to Trulia.  The low mortgage rates are keeping home ownership affordable while low inventory for rentals is pushing rents up.  Depending on which market you live in, the benefits can vary.  For example home ownership was found to be 19% cheaper than renting in San Francisco and 70% cheaper in Detroit.  If you are currently renting, it would be worth a call to find out if if you could be saving yourself money each month while building equity in a home.  Call me for a free cost analysis.

 

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