ownyourmauihome

Maui Real Estate

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

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rent-vs-buy-kcm

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Overall and practicality wise, owning a home is so much better than renting out. If ever you have decided in buying your own home this year, feel free to email me. Let me help you find the perfect home for you!

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