To Rent Or To Buy? That Is The Question!

Your Lease Is Up And Rents Are Risingโ€ฆ Looking To Buy But Interest Rates Are Rising. Now What?

To rent or to buy? That is the question!

Your lease is up and rents are risingโ€ฆ Looking to buy but interest rates are rising. Now what?

Renting: Starts out affordable, however over time rental prices rise and your equity as a renter will stay flat.

Buying: Price out of the gate may be higher than renting, but it remains flat and over time your equity continues to rise and your property appreciates.

Nutshell: Renting a home is not a good idea if youโ€™re looking to build up equity and increase your financial assets in the long run. As a renter, you are simply paying a monthly amount to someone else without gaining any return on that investment in the form of equity. In contrast, when you buy a home at a constant price, your equity will gradually grow over time as the value of the property increases.

Of course there are some caveats depending on your specific situation, but thatโ€™s what weโ€™re here for. Itโ€™s our job to walk you through the numbers and things to consider in order to determine what makes the most sense for you.