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!
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!
![The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/05/29064811/20190503-ENG-STM-1046x1354.jpg)