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To Rent Or To Buy: Top Things You Should Know

December 5, 2017

To Rent Or To Buy: Top Things You Should Know
Buying your own home seems like the fulfillment of the American dream, but as housing prices are increasing, we all know that that dream will definitely cost you a hefty amount. According to an article on Economists' Outlook, the median price of homes for a single-family home sold in August 2017 is $255,500, which is a 5.6% spike from last year. Many people would resort to renting, but is that move really cheaper than buying a house?
 
Let’s first weigh the pros and cons of buying a house and renting one.
 
 
Take note that renting prices have also gone up and buying a house would generally be cheaper than renting in states belonging to the Northeast, South, and Midwest regions. But it's good to remember that there are multiple factors to consider other than just price.

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Whether you’re buying, selling, or exploring your options, The Cornerstone Agency is here to guide you with expert advice and responsive service. Reach out today and let’s start building your next move together.

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By providing your contact information to Barb Herndon, your personal information will be processed in accordance with Barb Herndon's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Barb Herndon in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Barb Herndon at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.
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