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1st Time Home Buyer ATL

Milla Murad | Realtor® | Real Estate | Atlanta | Georgia

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Renting vs. buying: Where do you land?

Renting vs. buying: Where do you land?

You’ve always been told that owning a home is the ultimate American dream. 

Imagine renovating your master bath into a mini spa or choosing your favorite appliances for your dream kitchen. Or just getting to repaint whatever room you want. Plus, there’s the potential for financial gain when you own.

But renting has its own advantages: flexibility, a smaller financial commitment and the chance to try before you buy.

So when do you know it’s time to take the plunge on a purchase? Answer these questions to see which side of the rent vs. buy debate you might land on:

Why do you want to buy?
Sure, owning a home might be the great American dream — but is it your dream?

For some, the idea of a home where you can raise a family, be close to schools and build a community is enticing. For others, buying is a great investment. But for many, it’s about freedom: the ability to keep pets, renovate and be independent.

Will you stay in the area?
No one has a crystal ball — but knowing how long you plan to live in an area can help as you consider the pros and cons of buying. Generally, longer stays align with purchasing. 

If the thought of travel fills you with more passion than the idea of settling down in your dream property, you may not be ready for your forever home. But there’s always the possibility of turning your house into an investment property. 

What can you afford?
While renting usually costs less in the short term than purchasing property, owning a home can build long-term net worth. A rent vs. buy calculator can help you understand the costs of each option.

Don’t have the deposit for your dream home now? That doesn’t mean you can’t buy. We can work together to find affordable homes, and there are plenty of low or no down payment mortgage options.

Have questions about buying or financing your purchase? Let’s discuss your next steps. 

Posted in: Blog, Real Estate Tagged: atlanta, Real Estate, rent, sell

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Real Estate team of a Real Estate Agent, Lender, Attorney, and Insurance Agent to coach you on 1st time home buying process. Seminars held quarterly.
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Milla made our first time home buying experience easy! Milla's knowledge of the market and her home buying steps simplified the process. Thank you Milla!

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Whether it’s a cramped bedroom or an office nook, many homes have a small room that’s difficult to decorate.  Do you wish you could add more charm without forgoing square footage? Well, just because your space is limited, it doesn’t mean your style has to be.  Make your tiny area more usable and trendy with […]

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Milla Murad, Realtor® Village Realty 3423 Piedmont RD NE ATL,GA 30305
O: 404-965-4080
404-268-5565
MillaMurad@gmail.com
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