Recent graduates, young couples, relocating professionals and others have all asked themselves this question at one point or another. The decision to rent an apartment, condo or house as opposed to buying is complex and is based on a number of factors.
This special report includes background information, key points to study and helpful Questions & Answers. As always, every person’s situation will be different and these points should be combined with concise, data-driven insights. The Freeman/Davis Raleigh real estate team welcomes your questions and you can count on us to give you the facts you need to make a good decision.
As real estate professionals, we are often asked for our point of view on the decision to buy or rent. While buy-versus-rent calculators can be helpful, there are numerous factors beyond straight “economics” to take into account. So it is important for you to review the full range of available online and offline resources – including the information available directly from www.HomeSearchRALEIGH.com.
Here are several relevant URLs to consult as resources on this topic:
- HomeSearchRALEIGH.com – Information on the local real estate market and trends we see developing as we work daily with buyers and sellers in the Raleigh/Durham area.
- coldwellbanker.com – Information on resources for prospective home or apartment-buyers from a national perspective. Here you’ll find helpful tips you should consider if you think you are ready for homeownership.
- For a calculated decision, you can request our handy rent-versus-buy calculator which will break down basic money questions
- Suggestions from the National Association of Realtors – NAR’s Web site has good suggestions on buying versus renting as well as numerous other resources
- Information from the U.S. Department of Housing and Urban Development – The HUD Web site offers many insights about home owning and financing. Visit this site to receive credit reports and credit scores to help your understand your creditworthiness
This is the first in a series of posts dedicated to the question, To Rent…or To Buy…
Check back often and feel free to comment on any of the information you see here on www.HomeSearchRALEIGH.com and www.iRaleighBlog.com.