1) When you own a home, every payment builds equity. And, in San Diego you will more than likely experience a substantial increase in value.  When you rent your return is simply being able to live in that home.

2) Even though interest rates have recently increased, rental rates have also increased.  It’s simple…ask me to calculate a “rent vs. own” analysis.  You will also receive a tax benefit which you don’t when renting.

3) Most people view renting as a short-term solution. In many cases, they think they would never be able to afford a home/condo.  If you can afford to own a home and you’re not planning on moving anytime soon, then it’s really tough to make a case for renting in lieu of home ownership. When you own a home, you also create stability in the long run.

4) When you rent a home, you are limited with respect to what you can do to the home.  If you do get permission to make improvements, when you leave, you don’t benefit from your investment. 

5) Some people get nervous about the financial commitment.  If you fall on hard time, you could see your home.  If you fall on hard times and don’t make your rental payments, you will likely get evicted.  You can also find a sense of community. 

6)  Home ownership will not only give stability, but you will also build your credit and increase your equity.

Need help finding your forever home? Call me at 858-945-8198