So, if you’ve ever talked to me about renting vs. buying, you know that I definitely think that, in certain situations, buying just isn’t an option. For example, you might not be able to qualify for a home loan. Or maybe you CAN qualify for a home loan but you can’t afford to live in a neighborhood you actually like. After all, I, for one, would rather live in Hyde Park than Cedar Park if my monthly payments are similar.
|Photo courtesy of linkedin|
There is certainly a financial element to buying a home. However, I believe that we should see our homes as more than financial vehicles. (check out my friend Rigel Thurston’s blog here for a perspective I profoundly respect) There is so much to consider when choosing a dwelling: “Where do I want to raise my kids?” or “Can we walk to restaurants we like?” or “Is there a thriving community here?”
With that lengthy disclaimer in mind, I wanted to share this great little infographic that Gena Caudle, our in-house mortgage broker, created. After taking a look at this data, I think you will agree that, if all things are equal (they always are, right?!) and you can afford a home in an area you enjoy, it really makes sense to purchase a home rather than to go on renting.
If you have any questions about the home-buying process or would like help getting started, feel free to call or email me and I’d love assist you!