The Cost of Renting vs. Buying This Spring

Courtesy of Keeping Current Matters 2019

Are you thinking of renewing your lease for another year instead of buying a home of your own?  Look at the graphic below and you will see that you would be much better off to buy a home.  A mortgage does not require as much income as rentals do.  That’s a very interesting statistic!  AND because southwest Florida is a buyers market at the moment, you may get even more house for your money.  Don’t pay someone else’s mortgage any more.  Call me and let’s get started buying a home you can call your own!

The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

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