Renting Versus Buying A Home

Traditional Style

One of the most important questions you have to answer when searching for a new home is whether or not you want to rent or buy. Both options have pros and cons, but if you plan to stay in your home for 5 years or more, buying is usually considered the better choice.
According to the New York Times, over a 6-year span, buying will cost you $10,460 LESS than renting, an average savings of $1,743 each year. 
The New York Times website has an interactive rent vs. buy calculator that can help you determine which option is best for your unique situation. Click here to view the interactive calculator.
Whether you’re looking for a townhome or a single-family home, we have great options at Autumn Lake. Don’t throw money away on rent – begin investing your money by purchasing a new home!