Whether buying is better than renting depends on many factors.
Debra Granite helps clients answer this question with statistics and studies on home owners and renters as well as financing options and tips.
The chart shows a cost comparison for a renter and a homeowner over a 7 year period. The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000. After 6 years, the homeowner's payment is lower than the renter's monthly payment. With the tax savings of homeownership, the homeowner's payment is less than the rental payment after 3 years.
Considering Selling Your Home?
Take advantage of Debra's 30 years experience of brokering and investing in homes of all types. Phone today to arrange a confidential, no-obligation plan for selling your Bucks County home 215‑801‑7661.
Browse more than 1,900 homes currently For Sale in Bucks County. To arrange private showings, call Debra at 215‑801‑7661.
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Information is deemed reliable though not guaranteed.
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