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Chasing the American Dream. Should I Rent or Buy a Home?

If the proverbial “American Dream” includes a white picket fence and a roomy backyard for “Sparky” to run around in, those of us who do not yet own our own home have one question weighing on our minds. Is now the right time for me to bite the bullet and buy a home?

Get the Ball Rolling on Your Future

Look Before You Leap

Get Your Credit Score up

The higher your credit score is over 760, the more you will save on annual finance charges. Save upwards of $2,000 dollars per year the higher your score climbs.

Compare and Contrast Buying and Renting:

This doesn’t take everything into account…

Consider Your Repair Costs:

The average American spends between 1-4% of their home’s value each year maintaining and repairing their home.
At 4% annual maintenance and renovation costs, buying is never better than renting for the average American even after 30 years.

Don’t Overextend Yourself.

If you are prepared, buying a home is an excellent idea: