Should you Rent or Buy your own home?
We Can Help yYou Review!
Should you Rent or Buy your own home? We are sharing a formula of the 5% rule used by Common Sense Investing as a tool to help you review and determine what is right for you. As real estate professionals, we help our clients review the pros and cons to buy versus renting for their unique situations and needs. You can request a free consultation with us at our website: https://bbgrouprealestate.com/ or https://bbgrouprealestate.com/contact-us Formula to determine the monthly cost of owning a home: Value/Price of the home multiply by 5%, and divide by 12. For example: $300,000 the unrecoverable cost per month is $1,250 Formula to determine the value of a home you could be investing in versus paying in rent. Monthly Rent Payment X 12, and divide by 5% For example: $1,800 per month rent payment is the cost of investing in a $432,000 home. Reach out to us anytime for help with your Central Ohio real estate needs.
