Buying Versus Renting a Home: Which is Right for You?

Buying a home is complicated. There are loans, closing costs, down payments, appraisals, contingencies, and much more. Just as homes are unique, so are the costs that come along with them. Home prices, property taxes, attorney costs, and interest rates can all vary depending on your area and in some cases renting may be more economical than buying. The enormous number of factors that go into deciding between renting and buying can make the process confusing. A real estate agent can help to unravel the tangled mess that is deciding to buy a home and the video below, from Khan Academy, can help kickstart the process.

As the video points out, the factors involved in buying or renting a home change constantly. Having someone who understands your area and knows how to navigate the market can help you choose the option that will save you the most money and get you into a home you’ll love.

If you have any questions about the current housing market and how buying or renting will affect your finances, give Matt Hester & Associates a call at 678-784-4375. Our buyer’s agents leave no stone unturned when finding the home that is right for you.