Is It Better To Rent or Buy a Home Today?
February 28, 2025
A study shows 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
In this Article...
Considering the dynamic real estate market in Charleston, South Carolina, many prospective buyers are weighing the benefits of renting versus buying a home. Charleston Home, a local real estate brokerage, highlights that while renting might initially seem less expensive, buying a home offers long-term financial stability and potential for net worth growth as home values increase.Is It Better To Rent or Buy a Home Today?
Some Highlights
- A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
- Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise.
- While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?
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