My question is, why are you paying your landlord’s mortgage instead of investing that money for yourself? Owning a home is a great way to invest in something that you will be paying on either way. Don’t just take my word for it. Check out what other national advisors are saying.
According to Trulia, “it’s 33.6% cheaper in Raleigh to Buy vs. Rent. Buying remains more affordable in each of the nation’s 100 largest metro areas and is especially true for home markets in the South”.
According to Zillow, in North Carolina, “one-bedroom homes have an average price of $108,000. Two-bedroom homes have a median sale price of $120,000. Need three bedrooms? Expect to pay around $163,000. The median sale price in Raleigh is $213,800”.
And finally, Mashvisor lists this area at #3 in the nation to buy investment property, says that property prices are forecast to grow at 7% per year which implies some serious appreciation gains for real estate investors. According to them, “Raleigh investment property purchased 3 years ago has appreciated by $70,500, compared to the national average of $46,900. At the same time, Raleigh real estate investments have appreciated by $84,200 for the past 9 years, much above the national average of $31,100. The Raleigh real estate market has been leading the North Carolina state in terms of sale volumes and home appreciation since 2010”.
These are just a few in a multitude who are advising the same thing. Again, why are you not taking advantage to put this in your pocket vs. your landlord’s? If you’d like to know more, feel free to contact me today!
Benefits of Buying vs. Renting