By Canmore Investment Group

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If you are paying rent, you can afford to buy

Many choose to rent because they assume they can't afford a home, when the reality is that if you are paying rent, you can afford to buy. Consider these financial factors that come with renting:

1. Renewal Fees – It's common for rent rates to increase at renewal.

2. Parking Fees – Many apartments charge monthly fees to have a reserved parking stall.

3. Storage – Many renters lack sufficient storage space and end up needing to pay for storage units.

When you rent, you get little in return. Purchasing a home offers you the benefits of equity, value appreciation and tax benefits.



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Donald & LaToya Latimore
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