Time for Your Grown Children to Learn About Real Estate and Purchase a Home! Owning a House Outweighs Renting

Time for Your Grown Children to Learn About Real Estate and Purchase a Home!

Owning a House Outweighs Rentingblog children purchasing

For most buyers who intend to live in a home for at least three years, buyer may be a better option than renting, according to a report from online listing service Zillow. In more than three fourths of the 7500 US cities survey, buyers would break even after three years of owning a home. all possible costs associated with buying and renting are considered in the analysis, including down payment, mortgage and rental payments, transaction cost, property taxes, utilities, maintenance fees, tax deductions and opportunity costs. 

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Some metro areas where home values plummeted during the house recession homebuyers broke even after less than two years of ownership. 

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