Rent vs Buy Breakeven Horizon
Are you a first time home buyer?
Or, perhaps just unsure about what to do at this point in your life: continue to rent or take the leap and purchase a home?
Here's some helpful information reflecting the 'break even horizon' when it comes to renting vs buying.
In other words, learn how many years it will take before owning a home becomes more financially advantageous than renting the same home.
This article takes into consideration some very important factors that should help determine your decisions:
- Time horizon
- Future prices and rents..financial trends
- Tax deductibility
- Maintenance costs
- Transaction costs
Learn how to compare 'apples to apples' not 'apples to oranges' so that you make the financial decisions that are truly in your best interest here.
For a quick summary on the subject, this version is simpler.
Whichever route is best for you...buying or renting...we're here to help every step of the way!