Buying vs Renting: How Much are You Really Paying?

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Buying vs Renting: How Much are You Really Paying?

Buying vs Renting shows results in lower costs with owning a home than renting-either way a mortgage is being paid. Why settle for renting when you can own?

Buying vs. Renting: How Much are You Really Paying?

Highlights:

  • The percentage of income needed is almost cut in half when you buy a median priced home, compared to renting which requires almost double your percentage of income
  • Buying vs Renting costs to rent is significantly higher
  • What you will require from your percentage of income to afford a home at median price is must lower than historic norms

As a result of the current market trends, it only proves that buying vs renting, there is no better option that to buy a home right now!

If you are thinking of purchasing your next property in Ballantyne, feel free to browse our Ballantyne Homes For Sale to get yourself started.

Would you like to know more about your current mortgage? Fill in the form here or connect with us by calling 704.997.3794 to speak with one of our qualified agents today!

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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