Renting versus Buying

When it comes to where we live, there are two choices: renting or buying. Whether you’d like to be on your own for the first time and rent an apartment from a landlord, or you’d like to be a homeowner, the choices seem to be pretty simple. But what if you’re thinking you'd like to change the way you pay for a roof over your head? This section provides you with information on the rental market, courtesy of the leading real estate company in Rochester - Nothnagle REALTORS.

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For Home Owners

Renting your home, apartment or condo gives you a piece of mind when it comes to maintenance of the property. Instead of spending money fixing up a home, or repairing things like plumbing on a moment's notice, the perk of having a landlord there to take care of those issues is included in your monthly rent.

For Prospective Home Buyers

In many cases, owning a home can be more affordable than what some people currently pay in rent - if you take taxes into consideration. A good place to start in figuring how much home you can afford would be to take 30% of your gross monthly income. That figure could help give you an idea on how large a mortgage you can carry. However, buying a home isn't always a financial decision. The constant worry of getting a security deposit back, or often times not having the freedom to decorate as one would like is a strong impetus for individuals to leave their landlords and become their own landlord.

Depending on what lifestyle best suits your needs, Nothnagle Realtors is here to help make it easy for you to decide whether you want to buy your own home or whether you choose to rent.

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Renting versus Buying