Still throwing money away on rent? Rates are coming down and making it more affordable to buy.
Average rent in the Denver Metro area for a single family home is over $3200. It's now becoming cheaper (almost) to BUY than it is to rent. Not to mention all the benefits of BUYING:
✅ Appreciation. Historically, real estate has had long-term, stable growth in value and served as a good hedge against inflation.
✅ Equity. Money paid for rent is money that you’ll never see again, but paying your mortgage month over month and year over year lets you build equity ownership interest in your home.
✅ Tax benefits. If you itemize deductions on your federal tax return, the U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes
✅ Savings. Building equity in your home is a ready-made savings plan.
✅ Predictability. Unlike rent, your fixed-rate mortgage payments don’t rise from year to year. However, keep in mind that property taxes and insurance costs may increase.
✅ Freedom. The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
✅ Stability. Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.
Ready to make a move? Give me a call!
