Why rent a home when you can buy a home?
By Jodi Boxer
(Jodi Boxer Realty Group)
In today's market, many are scared of buying a home. They are worried about where the market is going and what is going to happen in 5, 10, 15 years when they want to sell. So instead, people continue to rent and wait to take the big leap to buying a home. Did you know that, in today's market, buying beats renting in 98 out of 100 metros? It's true! So why rent when you can buy? Renting vs. buying is a big topic right now, and the numbers show buying is better than renting in Fairfield County. Rental prices are steadily increasing while home prices are decreasing. When you buy a home, you lock in your payments for up to 30 years while rental prices can increase each year. There are also the other benefits of home ownership such as: having your own space to decorate, paint, renovate, and...