Rising Rents make first time homeowners

Real Estate

Rising rent make more first time home buyers. It is clear to see that one of the factors leading people to home ownership is rising rent.  For everyone, there will be a point when renting is no longer a good financial decision.  There are situations where people prefer the additional expense of renting verse owning.  One very common reason, is not knowing how long they are going to stay in the area. Some people prefer to rent because of the ease of just calling someone for any repairs.  Still there are other people who are not ready to commit to the purchase of their first home.

But rent is on the rise.  In some areas, the rental market is on fire.  People are on the move, and demand is high.  Commerce, growth and demand are all pushing rent higher.  This is why is it not a good time to rent.  This may seem like a strange way to state it; people usually ask if it is the right time to buy. But if you are renting, you are subject to rent hikes as well. Inflated rates with no price guarantee only create uncertainty.

Stop paying someone else's mortgage, which is what is happening when you pay rent.  You can pay your own mortgage, and reap your own rewards. Start building your financial portfolio by investing in your own home. Studies have shown, that owing a home is a very important step in building personal and generational growth.  Making your mortgage payment each month is a form of forced savings for the future, building equity.

As you can easily see, rents just keep going up with no signs of slowing down.  If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

All real estate is local. York County South Carolina has a lot to offer. Whether you want to visit the lakes, or be entertained you will not be let down. York County also has medical centers and higher education centers available. If you are thinking of making a move, give us a call. We have the deep community roots and network to help you find your next home. We can show you all of the beautiful areas of York County.

We would like to invite you to visit ArbieTurnerHomes.com. We specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Arbie Turner Homes Keller Williams Fort Mill SC

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