When Is a Good Time to Rent? Not Now!

I know I have said it so many times this year but NOW is not the time to rent in the Naples area.  It may be soon if the interest rates keep increasing but right now your mortgage payment for your own home will most likely be less than your rental payment.  Don’t miss this historic time of great property prices and low interest rates.  Call me today so we can start looking for the home of your dreams.

Courtesy of Keeping Current Matters December 2016

When Is a Good Time to Rent? Not Now! | MyKCM

 

People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

When Is a Good Time to Rent? Not Now! | MyKCM

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with the decision of whether you should renew your lease or not, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s get together to determine if you are able to, today!

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and a home of your own!

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