Are you a renter? Lease up soon and not sure what to do in the coming months? 

Let us see if we can offer you some insight! The biggest thing as a renter that you should be aware of is that rent has been increasing since 1988 with no slow down in sight! 

According to ApartmentList.com:

“. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.”

That means, if you’re planning to move into a different rental this year, you’ll likely pay far more than you have in years past.

So you may be thinking, well what are my options? And that’s where we want to help! 

If you haven’t considered it before it might be time to look into homeownership! One of the biggest benefits of homeownership is that it provides a stable monthly cost you can lock in for the duration of your loan so there are no surprise increases! 

Another big benefit is when you purchase a home is home equity. As a renter, your rent payment only covers the cost of your living but when you pay your mortgage, you grow your wealth! How you ask? Well, through the savings that is your home equity! 

Ready to take the next steps to homeownership, or have more questions about if it is the right move for you? 

Reach out to us, we are more than happy to help!