Buying vs. RentingMay 28th, 2019 | by acobb | Posted in Uncategorized
If you’re interested in a REME home, we definitely think you should buy. We know you will not regret living in one of our modern townhomes in EaDo or one of our stunning homes in the Highland Heights area. Although we are a tad biased, if you are able, buying is always better than renting. Whether you want that townhome in the city or a home on the outskirts of town, you’re often left with one question:
Buy or rent?
Buying saves you money in the long run
First, let’s address the elephant in the room. Buying a house can be scary. It feels like a big financial and lifestyle commitment. However, with the right research and preparation, the upfront purchase of a home can seem less like a financial anchor, and more like an exciting investment. REME has you covered; we never develop communities that we don’t believe in. It is by design that our homes are in booming areas like EaDo and Highland Heights. We want you to not only be excited about your new home but also about the potential return on your investment.
Mortgage > Rent
When renting a home, you don’t have to put down a hefty deposit, but you are paying money that you will never see again! A down payment can be intimidating, but in most areas, you should see a significant return that will offer greater opportunities down the road. Also, if you can overcome the down payment, a monthly mortgage payment can be cheaper then rent, especially after receiving tax benefits. Lastly, rent will always rise in a desirable area. You may move into a growing area where you hope to lay down some roots, but as it goes, your rent will continue to rise with every new lease. With a fixed-rate mortgage, your monthly payment can never increase.
Home buying is a gift you give yourself now, and a gift you give yourself for the future. Buying a home is a big step, but it is one you will not regret, especially if you buy with REME. We will work tirelessly to not only make sure your home is perfect for you and your family, but also that your new home is worth your every penny. Contact us today to discuss home availability!