Mid-Florida Real Estate

April 14, 2011


Inflation Likely to Cause Rent Increases!

Is it time to buy a home or should you continue renting? Well that depends on your individual circumstances as well as market forces like inflation. Fortunately there are handy calculators to help with your decision. All indications are that rental costs will be rising and buying might be financially better for you, if the timing is otherwise right and if you are ready for the benefits of taking control of where you will live year after year, working in your own yard and making your space your own.  You really need to be ready for and desire home ownership if maintaining your own home and yard (or paying someone else to do it) will be pleasurable for you.

The calculator helps answer the financial rent vs. buy question by factoring in the home's cost, your current rent cost, and how much you will have to pay each year in order to maintain your home.

If you consider your tax benefits and the appreciation of your home, you may actually SAVE money by purchasing a home this year.  At any rate the calculator is fun to play around with.  You may also enjoy other calculators on my website, obtaining a BestBUYER SCORE (a must have for every serious buyer) and looking at homes for sale in the Tampa Bay Area.

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