Renting vs Buying

Renting vs Buying

By Francisco Lugo III, Licensed Real Estate Consultant

Have you been a long-time renter with thoughts of home ownership. You may be surprised to find that your home ownership dreams may come true sooner than you thought.

It’s a good exercise for renters to spend some time working out the math on a monthly mortgage payment and comparing it to your monthly rent amount. If the mortgage payment is lower than your current rent, you may want to put some serious thought into scouting the market for a new home.

With home ownership, you can enjoy peace of mind that your rent will not be increased next year. You’ll also be accumulating wealth as the equity in your home should appreciate in value over the years.

Francisco Lugo III is a licensed real estate professional who specializes in working with renters that are looking to transition to home ownership. If you’re interested in learning more on this topic or need assistance in your transition to home ownership, contact Francisco for your real estate needs.

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