Rent vs. Buy CalculatorPosted on 08/22/14
If you are struggling with the decision to rent or buy a home, rest assured that you are not alone. Millions of people face this decision at some point in their life and there are a variety of factors that can influence the outcome.
From earnings and savings to job stability and market conditions, the list goes on. There is a reason they say that buying real estate in Destin is one of the biggest financial decisions you will ever make.
To help those who are stuck and cannot decide which is the best option, the New York Times has created a rent vs. buy calculator. Unlike other calculators, this one computes your monthly rent based upon items such as home price, income, the number of years you plan to live there, taxes, closing costs, maintenance fees and a variety of other factors. Once inputted, the calculator computes the monthly rent and offers you a comparison chart.
Have you given it a try? If you are ready to buy, a RE/MAX Southern agent will be happy to help you find a home in the area. If the calculator pushed you towards the rental direction, let our friends at Southern Residential Leasing help you find a home that meets your budget.