When deciding whether the time is right for you to rent or to purchase a home, be careful to consider all the options prior to making a decision.
Get professional advice, ask people you know that have been successful in real estate about their experience.
Here are some things to consider:
You build your Landlord's Wealth
Your monthly payment is likely to increase
You may be limited in what you can customize in your home
You will likely pay rent, fees, and a security deposit.
You build your own wealth
Your monthly payment is locked in
You have the freedom to customize your living space
You will likely owe a down payment and closing costs
Do your research! Then make up your own mind.
Thinking of getting into the market? Let's chat I can connect you with local professionals, give me a call!