Should I rent or buy?
Renting wins when you'll stay less than about three to four years, when rent is far below what owning costs, or when your cash earns more elsewhere. Buying wins when you'll stay five years or more. At that point, paying down principal and appreciation usually beat rising rent. Book a call and I'll run your numbers.
| Rent | Buy | |
|---|---|---|
| Builds equity | No | Yes |
| Upkeep | Landlord | You |
| Cost certainty | Rent can rise | More predictable |
Common questions
How long should I stay to make buying worth it?
About five years is a good rule of thumb.
What costs do renters forget to compare?
Maintenance, opportunity cost on your cash, and tax benefits.
Can I buy with a small down payment?
There are low down payment options. Subject to credit approval and program terms.