🧐 Every renter face an important decision each year: renew the current lease, start a new one, or buy a home. In the past year, both current renters and new renters have seen their rent go up (see graphs).
🚀 The forecast is that rents will increase by 6.3% in the year ahead. That means, if you’re planning to rent again this year and you’ve not yet renewed your lease, you may pay more when you do.
🏠 Homeownership Provides an Alternative to Rising Rents:
If you’re looking for more stability, it could be time to prioritize homeownership. One of the many benefits of owning your own home is it provides a stable monthly cost that you can lock in for the duration of your loan. As Freddie Mac says: “Steady payments allow you to budget wisely and make plans for the future.”💰💰
If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Let’s call 📲 Stephen Haw at (310) 503-9886 to see how you can begin your journey to homeownership today. DRE#00808646 Keller Williams Palos Verdes Realty
Call 310.503.9886 for professional guidance from The Stephen Haw Group, your local experts with international connections.