Published June 27, 2022
Why You Shouldn’t Rent in This Market
Written by Anderson Hicks Group
If you’ve grown tired of city life and want to move to another state, it’s tempting to consider renting instead of buying given our crazy market. However, this may not be the best decision.
When you pay rent, you give money to your landlord who gains equity for that property—but if you buy a home, your mortgage payments will grow your equity instead.
If you’re ready to get out of the city and become a homeowner in another state, the first thing you need to do is contact a lender. They’ll find out how much house you can afford. We know a lot of lenders in Idaho and are happy to connect you with them. For any of your real estate needs, don’t hesitate to call or email. We’re always here to help!
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