Cali Dreamz Shows Why It Is Better To Buy A Home In Rent Vs Buy Analysis

Cali Dreamz Real Estate, based in The Greater Sacramento area, CA, has announced that they want to show why it is better for people to buy a home rather than rent an apartment. They have noted that because of the previous housing crash, people have become more hesitant when it comes to deciding to buy a home. But what they would like people to know is that if a rent vs buy analysis is performed, the benefits of buying a home would outweigh those of simply renting.

Jordan Yarbrough, realtor at Cali Dreamz Real Estate, says, “It is understandable that people today are more reluctant to buy a home because of the bursting of the US housing bubble in 2006 that even caused a recession. It is true that mistakes were made then that caused the housing crisis but the basic principles of why it is better to buy a home than rent an apartment remain the same. When a rent versus buy analysis is done it is clear that buying a home has bigger potential long-term benefits, including improvements in quality of life and tax advantages.”

Jordan Yarbrough also wants to point out that owning a home is part of the American Dream. And one of the key advantages of buying a home is that people are able to settle down and establish their roots in a particular community. Renting means more flexibility but it is more difficult to feel established in a certain community if a person is just renting. This means that those who own a home can do anything they want with their home, such as put up a garden or make improvements without having to ask permission.

Another benefit of buying a home is that it offers tax advantages. Homeowners are allowed to deduct the interests in their payments on their federal income taxes. This is a substantial deduction because interests make up a large portion of their payments, especially during the early years of owning a home. They can also deduct some property taxes and closing fees.

Furthermore, buying a home is like getting enrolled in a forced savings plan. Homeowners will need to include in their budget the monthly payments with the end goal of finally completely owning the home, which is akin to building wealth.

And it should also be noted that buying a home will cost less over time when compared to renting. While it is true that at the start, the monthly payment may be higher compared to monthly rental, this will remain fixed over a long period of time while rent tends to go up over time and will eventually be higher. And at the end, the homeowner gets to keep the home, while the renter still doesn’t own the home.

And finally, because the monthly payments are fixed for a long period of time, no adjustments have to be made to the budget as compared to renting. Rent will gradually rise but the monthly payments on a home will remain constant.

Jordan Yarbrough is a well-known real estate broker, having served many home buyers and sellers in his 17 years of handling real estate transactions. Those who are looking for homes in Rocklin and other parts of the Sacramento area may therefore want to contact him. The communities that he currently serves are Fair Oaks, Folsom, Granite Bay, Loomis, Penryn, Rocklin, and Roseville.

Jordan Yarbrough says, “As a full time professional real estate brokerage, we pride ourselves on offering superior personal service before, during and after your transaction. Knowledge, commitment, honesty, expertise, skilled negotiations and professionalism are the cornerstone our business.”

That Jordan has been true to his word is proven by the many positive reviews he has received. For instance, in one of the five star reviews on Google, Charles M says, “Jordan! We can’t thank enough for the excellent job you did in helping us to find a house. Thanks for the professional effort, everything went smoothly and stress free. Your customer service is impeccable. We really appreciate your tenacity in making the perfect deal with the sellers.”

Those who want to get more information or discuss the pros and cons of renting a house compared to buying a house can visit the Cali Dreamz Real Estate website or call them by phone.