Should I Rent or Buy a Home?
Hello, I’m Realtor Ben. I’m glad you’ve come to my Website to look for help renting a home in Gainesville or adjacent areas in awesome North Central Florida. However, I suggest you first consider the benefits of buying vs. renting a home. If you plan to stay in our area for several years there are a lot of good reasons to purchase a home instead of renting.
Renting Costs Go Up
It costs you more each year to rent than it did the year before. If you are paying $1000 a month today and see a 3.5% increase, over the next 10 years you will have paid $140,000 (yes – One Hundred and Forty THOUSAND dollars). This trend has held very true in Gainesville and Alachua County. Every year, it costs more to rent.
10 Years of Rent Payments
Tax Benefits of Home Ownership
Real estate taxes are deductible on your Federal income tax. Also, if you took out a loan then the interest you pay on your loan is deductible. Talk to your accountant to find out exactly how you would be affected.
Can I Afford to Buy? Let’s Calculate!
The property listings on this website include mortgage calculators, with monthly mortgage cost options filled in for each home listing, for your convenience! I’ve spoken with many renters or would-be renters who believed they could not afford to be homeowners. The truth is often, yes, they can afford to own a home.
Will I qualify for a Mortgage?
Even if you previously did not qualify for a mortgage, it’s always worth checking again with other mortgage agents and lenders, as lending programs change, and new lending programs are always being introduced. Further, your own financial situation may be a good fit for a lender you haven’t spoken with. I encourage you to talk with some of the trusted mortgage agents and lenders I do business with myself.
Own or Rent, I Will Help You
If you want to explore buying a home further, If you’re sure you want to rent, I’m pleased to help. I know the Gainesville rental market and can guide you to the best properties that fit your lifestyle, needs, and desires. Check out Apartments for Rent or Homes for Rent. Ready to reach out? Call or text me at 352-682-9704 or email me. Your satisfaction is my top goal. For info about my life and career, please see Ben’s Bio.