Is it okay to rent?

Take a look at most real estate ads and they will almost always take a jab at people who rent instead of buying a home. The last one that was circulating that really was cringe worthy was “You are buying a home no matter what. You just need to decide if you’ll buy one for yourself or buy one for your landlord.”

I might be the only real estate agent who says this, but renting is okay. Sometimes you need to rent to save money for a downpayment, or in order to get to know an area before investing in the area. Or just because you’re not ready to be a homeowner.

Something I always tell home buyers to consider is the fact that your rent payment is the most you’re going to pay to live in a house. When you own your minimum housing cost is your mortgage payment. You have extra expenses for maintenance that you will need to consider.

I am not say that you should only rent or you should only buy. I think you should buy when you’re ready and have the necessary funds. Your new home should be blessing not a curse. Every home you buy will need something almost on a monthly basis, so be ready to cover the expenses, and if you’re not, that’s okay. It’s okay to rent for a season in your life.

David Mathewes

David Mathewes

David has been in the real estate industry for over 10 years and knows that a team always outperforms a single agent. That is why he puts his clients first and makes sure to stay ahead of market trends. By taking the time to serve each client individually, David has been able to create returning and referral-based clients. When he's not helping clients buy or sell homes, David can be found exploring Denver, spending time with his family or looking for the next best place to enjoy a meal with friends!

Do you want to see more posts like this?

Join HomesIQ Daily Insider to have the newest posts delivered directly to your inbox

Want to know what’s going on in the Denver market?

Join our insider’s email group to become a Denver market expert in just 5 minutes per day