Many potential homebuyers are paying big money in rent these days. A recent study showed that 1 in 4 renters spent half their pay on housing costs. Would your monthly payment be less with a mortgage or a rent payment?
This answer will vary by how much you are currently paying in rent, what the rents average in your location, the price of the house you plan to buy and other factors.
Try this Rent Vs Buy calculator
Try this rent vs buy calculator to get a general idea if buying could be a better deal for you. Major metro areas are listed so choose the one closest to your location, set your current rent, your house price range and a few other items. Look to the right of the webpage when done to see the estimated costs of renting vs buying.
If buying is a less expensive option, we are here to help you get started. Take a look at homes for sale in your area of Wisconsin at firstweber.com and then talk with one of our real estate agents.
Buying less expensive but trouble getting a downpayment saved?
Recently programs with as little as 3% down could help you get into a new home without having to save the 20%.
Not sure how the home buying process works?
Read the above article for an overview on the homebuying process. We can help you with private showings, making an offer and helping you all the way through to a successful closing.
As a homeowner, you will be able to paint the walls however you like, get a pet, grow a garden and make the place truly your own! First Weber is here to help.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwest Wisconsin, Central Wisconsin, Northeast Wisconsin, parts of MN, Michigan’s U.P., and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com