Renting has become expensive!

Are you ready to renew your rental lease? Has your landlord increased your rent? Are you getting hit hard by the IRS with limited tax deductions?

The rental market has become expensive in 2015. Maybe you are considering buying your first home. Or maybe you have gone back to renting after owning a home in the past. Whatever the case, one thing is for sure, rent is higher now than what it used to be.

Most experts would agree that it is wise to buy vs. rent. The pride of home ownership is a special feeling. It can help motivate you to take your life and goals to the next level. Owning your own home has many benefits in addition to those that are considered economic.

Do you enjoy improving a home to your taste? Do you think you would have the desire to do more improvements to a home if you owned it? Maybe you are planning on expanding your family and need more space? Working in the yard or doing home upgrades can be very relaxing, not to mention provide a great sense of accomplishment. And just think of the satisfaction of knowing that every family member has their own unique space in your home.

Most people are interested in saving money. There are many mortgage programs that have low down payment or zero down options. A small investment in real estate could bring big returns. Contact a mortgage lender and get pre-approved. If you have a financial advisor or an accountant, consult them as well. Once your financial picture is evaluated, it may be more evident that the time is right for you to purchase a home.

So what will it be, another year of renting? Or the year that gets you that special feeling of home ownership?