Rent vs. Own
- You will know the benefits of home ownership to the dollar (don’t worry, we will tell you if renting is more beneficial)
- We customize this analysis based on your current situation, such as your current monthly rent, money for downpayment, home purchase affordability, etc.
- We consider many factors, such as taxes, projected home appreciation rate, and even other options of using your savings if you keep renting
- You will know why you should rent or own, and how much the savings are
Request a no-obligation, no-cost analysis now or keep reading for more details…
| Home purchase can be the greatest financial transaction for many in their lifetime. Clearly, it is not a decision that we can take lightly. There are many benefits to homeownership, such as equity building and tax deductions. However, a large sum of cash may be required for downpayment and closing costs. Would it be better to invest this cash and keep renting or to use it for home purchase? |  |
In order to determine whether home purchase is right for you, we provide the Rent vs. Own Analysis report for you to make informed decisions. This report will show you side-by-side comparison of renting and owning and the net monthly cost of homeownership as opposed to the cost of renting. Factors such as tax benefits, home appreciation and principal payment are taken into consideration.
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This report also compares the use of available for cash for investment by keep renting and for home purchase. We will show you the net worth of renting and buying at the end of a determined period of time based on your outlook of the home. This report can help you see clearly whether homeownership is to your financial advantage. |
This is the first section of the Rent vs. Own report. This section calculates the actual monthly cost of renting and owning. Since part of the monthly payment goes toward the principal in the the case of owning a home, that is not considered as cost.
This is the second section of the Rent vs. Own report. This section calculates the total cost of renting and owning over a period of time. This period time can be modified depending on your outlook or plan for the home. For an example, if your outlook for your home is about 5 years, then we can adjust this period accordingly. In the case of owning a home, notice how principal payment, tax benefits and total equity can help you understand where you will be after these periods of time.
This is the third section of the report. This section analyzes the options that you have for the cash that you have for home purchase. Instead of using that cash for home purchase, what if you invest it instead? Is it to your advantage to use that cash for investment – and keep renting – or for home purchase? This section answers this very important question!
Here is a five-minute video that gives you an overview of the Rent Versus Own Analysis.
