You have a home project to do, but should you do it? If you have more time than money, it may seem like a good idea... But what if suddenly you are over your head and not sure how to proceed
Rent Now or Buy Now
Dated: January 30 2019
Views: 249
When Is A Good Time To Rent? Not Now!
People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.
The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with the decision of whether you should renew your lease or not, you might be pleasantly surprised at your ability to buy a home of your own instead.
Bottom Line
One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, meet with a local real estate professional who can help determine if you are able to today!
Lisa Schwandt
Hi, my name is Lisa Schwandt​ and my specialty is helping buyers and sellers with the purchase and sale of real estate in the Denver Metro area specializing in Southeast Aurora​. Throughout my c....
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