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Rent vs Buy Calculator

Need Help Deciding If You Should Continue Renting or Buy A Home?

Use our rent vs. buy calculator to help you determine if renting or buying makes more financial sense for your current situation by clicking here

Rent Versus Buy Survey Highlights

  • Rent

    • 74%
      of renters in our survey would prefer owning a home if they could afford it.
    • 60%
      of renters reported that they like renting because they don’t have to worry about maintenance.
    • 55%
      of renters reported being satisfied or very satisfied with renting their home.
  • Buy

    • 59%
      of first time homeowners mentioned that building equity in their home was one of their favorite things about buying a home.
    • 58%
      of first time homeowners compared financing offers to get the best deal on buying their own home.
    • 86%
      of first time homeowners reported being satisfied or very satisfied with their decision to buy their own home.

What the Experts Are Saying About Buying Versus. Renting

  • "First ask yourself why you want to buy a home instead of continuing to rent. Then do research to determine if purchasing a home in your desired market makes sense with regard to home prices and local rents. Weigh all the costs, including taxes, insurance, and maintenance, and determine what you can afford in the way of a mortgage long before beginning your home search. It's a major decision that requires careful consideration and preparation is key to landing your dream home!"

    Colin Robertson

    from thetruthaboutmortgage.com

  • "Renting vs buying shouldn't be a spreadsheet decision. One shouldn't simply compare the current cost of renting vs cost of buying. Owning a home is as much an emotional decision as a financial one if not more. The emotional benefits of owning a home should be factored in while making the decision and not just the future appreciation of the home and tax benefits of ownership."

    Shashank Shekhar

    from lendingexpertblog.com

  • "Deciding to buy or rent a home is a personal decision that has a lot to do with lifestyle choices, but it also has a long-lasting effect on personal finances. In general, homeowners grow their wealth by using their monthly housing payment to buy real estate, in addition to paying for a place to live every month. As a result, homeowners' net worth is traditionally higher than renters."

    Mary Catchur

    President of Marimark Mortgage, LLC

 

© 2017 IRES Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. @copy; Copyright IRES. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from IRES and the Broker Reciprocity Program.sm. Real estate listings held by brokerage firms other than MB/West Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2017-08-22 20:11:39.

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Bev West
West Realty/Metro Brokers
3835 10th Street, #200C
Greeley, CO 80634
Cell: 970-631-7111
Office: 970-351-0405
bev@bevwestingreeley.com


Bev West   |   970-631-7111   |   bev@bevwestingreeley.com
West Realty   |   3835 10th Street, #200C   |   Greeley, CO 80634
Copyright © 2015. Bev West, All Rights Reserved

CNHS - Certified New Home SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipRCC - Residential Construction CertificationREALTOR® certificationWCR - Womans Council of RealtorsIdentity Theft Prevention Officer

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