Renting comes with advantages. You are only committed to stay in place for the length of time you agreed to in your lease, you don’t have to manage the maintenance of appliances, and you get to live somewhere for a cost. However, there are several reasons why this may not be enough. Maybe you want …
Housing Cost Control When your current lease ends, your landlord will probably raise your rent. Does the new rent fit your expected housing costs? If not, you will be left planning your next move with short notice. A fixed rate mortgage payment may never change, while the ever-rising rent will continue its ascent. [see Top 5 Financial Reasons To Buy Now] …
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Increasing Prices Over the last year, home prices have increased by 7.1%, according to CoreLogic’s latest Home Price Index (HPI) report. Over the next year, the HPI also predicts that prices will continue to rise at a rate of 4.9%. Clearly, we are long past the dip in home pricing. Home values are expected to continue to appreciate for years to come. …
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