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Rent v Buy

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Buy vs Rent

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and    market strategists, expects home appreciation to increase as follows:

  • 2021: 6%
  • 2022: 4.5%
  • 2023: 4%
  • 2024: 3.6%
  • 2025: 3.5%

Our average Colorado home is now $550,000. Over the next five years that home will be worth $679,000 or a gain of $129,000 over 5 years.

If you’re renting, you lose all that potential growth.

Call me today to save your rent money.

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