Rent vs. Own a Charlotte NC Home - Video
Rent vs. own a Charlotte NC home is being asked a lot lately. Is this the right time for me to move from renting my home to making a purchase? Great question and the answer is not cut and dry. From the perspective of a real estate agent, licensed in both NC and SC, of course I’d love to help you buy a home in the Charlotte metro area. But not if buying a new home is not right for you, and only you can ultimately determine that and answer the question "rent vs. own a Charlotte NC home?".
“Should I buy a house?” or “Is now the right time to buy a house?” Here in Charlotte, the market is hot and interest rates have stayed at historic lows. So buying a house is quite appealing especially in the light of interest rates starting to tick up.
Purchasing a house is of course, one of the biggest financial decisions you’ll make. The first thing you need to assess is what you can afford. Look at your income, expenses and job stability. So another question comes up, “Is the purchase of a house a responsibility I’m ready to take on?” And then, this one of course, "Should I rent vs. own a Charlotte NC home?".
Rent vs. Own a Charlotte NC Home Video
In the video below, USAA gives some great insight on whether to continue to rent a home, or to go ahead and purchase. Such as, “How long will I live in the house?” Some people say that if you will live in a house for five or more years you might consider buying. Even house the Charlotte real estate market is now showing appreciation of home values, the last few years haven’t been pretty. Plus, Fort Mill and Rock Hill, SC are also on the rise.
Moving To Charlotte NC: Rent vs. Own?
So, on the subject of rent vs. own a Charlotte NC home, what are you feeling? Of course, there are psychological benefits to purchasing a house, like having a sense of pride or security, as well as the opportunity to establish roots in a neighborhood / community or even to be near your local house of worship. On that note, one of the fastest growing churches in the country is in Charlotte, and folks are relocating to our area to be part of Elevation Church.
Now that you've watched this informative video from USAA, which has helped military families (and others) for many years, what do you think? Rent vs. Own a Charlotte NC home? And by all means, Call or Text me at 704-345-3400 to discuss all this in person. As a Realtor®, I can help you purchase any home for sale in the Charlotte metro area, NC and SC, if you’re deciding whether to rent vs. own a home.