Inflation's Impact on Renting
🤔With interest rates on the rise, many people are wondering if now is the time to buy or if they should continue renting.
Rent is often seen as a more affordable💰 option than buying a home, but there are a few things to consider before signing a lease.
1️⃣ Rental prices can fluctuate just like home prices, and landlords often pass along increases in operating costs to their tenants.
2️⃣ The demand for rentals is high📈, so you may not have as much negotiating power when it comes to price.
3️⃣ While you don’t have the responsibilities of maintaining a property, you also don’t get the benefit of building equity in a home🏡
👉 It is important to weigh all of your options before making a decision on whether to rent or buy. 📥DM me if you have any questions about what may be right for you and your family.
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