The Santa Clarita Rental Market is NUTS!
Exaggerated rental rates and skimpy inventory: Why WOULDN’T you buy a home instead?
Have you taken a look at Santa Clarita rentals lately? Rent has gone up 2 percent over the past year, which may not seem like a lot, except for the fact that, as a renter, you have no control over these increases.
What else don’t you have control over when you rent? Well, there’s no guarantee that your landlord will renew your lease. You also have very limited (or no) choice when it comes to personalizing the rental property you’re occupying, and the worst is that the money you’re spending on rent will never come back to you.
Buying a home is a wise choice for so many reasons.
When talking about taking control over a major part of your daily life, owning a home makes a whole lot of sense. First of all, your monthly payment stays the same (Provided you obtain a fixed-rate mortgage). Equally as important is that your investment will grow in equity over time due to rising prices and fair market value. Statistics show the median price of a single family home on average has risen just over 6 percent per year since 1998, and that INCLUDES the period of time during the recession of 2008.
Even with an adjustable rate mortgage (ARM), you have options that give you flexibility with payments until you can refinance to a fixed rate mortgage down the road. Questions about ARM’s? Contact me.
Plus, you have the satisfaction of knowing that you’re living in a home for as long as you want, with the flexibility to personalize to suit your tastes and comfort level. All the while increasing your personal wealth through the rise of equity.
Stop renting! Call me for a free, no obligation consultation.
It’s time to find out if you can qualify for a home loan and get into the home of your dreams. Contact me to find out how!