WHY RENT WHEN YOU CAN BUY?-RENTAL HOMES

Posted by Brandon Patton on Monday, March 2nd, 2020 at 12:52pm.

Why Rent when you can Buy?

Now is a great time to start looking for a home for sale in Tri-Cities. If you are looking at Rental Homes at this time then maybe now is a good time to ask yourself why don’t you just buy a home instead of renting a home?


Tri-Cities Real Estate Market Leaders have spoken and they all agree that it is much smarter to buy a home in the Eastern Washington Area than it is to be a Tenant. There are some national headlines that use sources like Zillow to look at large cities like Chicago or New York City to compare the cost of owning a home VS the cost of renting a home. However, those larger cities collapsed in the housing market due to the prices of homes rising so fast that nobody could afford their mortgage so the buyers disappeared causing homeowners to drop their prices when it was time to sell. However, in the Tri-Cities area, we have a healthy economy and the benefits of a low cost of living. In fact, if you were to tell me how much SQFT your current rental is then I bet you that I can find you a better deal on a Tri-Cities home for sale that would cost less than what you are paying for rent.

Does your rental have 3 bedrooms, 2 baths, and a fenced yard? Well, if your apartment is charging you $850.00 a month for rent then maybe you should look at your options for buying a home!

With tax season just around the corner maybe buying a new home with your tax refund is a good idea? If you are currently renting a home or apartment then you are throwing away thousands of dollars every year. Well, I guess you are not throwing it away but you are giving it to your Landlord instead of securing that money into your Home. There are hundreds of Benefits of Home Ownership. When it's time to sell or move would you rather pack up and leave with nothing or would you prefer to sell your home and walk away with $50,000 cash in hand to put down on your next home?

Take a look at this chart to get a clear understanding of how much it cost you to be a Tenant over 10 years.

If you are ready to buy a Home then contact Brandon Patton with Tri-Cities Real Estate Market Leaders so he can help you get started on the process. 

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