Buying a Home is More Affordable Than Renting in the Phoenix Area
The article entitled, “Website: Buying home cheaper than renting in Phoenix“, from www.ktar.com, reports that buying a home may actually be cheaper than renting. “Monthly payments are less for homeowners than renters.” said real estate expert Dean Wegner, “Owning a house is about 38 percent cheaper than renting.”
According to a well-known real estate website, states that at a 4.5 percent and 30-year fixed rate loan, costs about 33 percent less to buy the home, opposed to renting in Phoenix. That figure is based on the homeowner living there for seven years, paying 25 percent in taxes and itemized deductions.
In Tucson, buying is 42 percent cheaper. So – if you are contemplating buying a home or renting this year the decision should be easy. In the Phoenix area, you will find that saving money in the long run by purchasing the right home is worth your time. Take the time with your Community Expert to find the right neighborhood and perfect home for you!