Business / Economy

OPINION: To rent or buy?

Real estate broker Renee Kunz reminds consumers to check into buying before they sign a rental lease

We live in California! The state with lots of sunshine, beautiful beaches, incredible mountains, the land of opportunity. But with that, comes high rents.

Did you know the average single family home in Hollister to rent right now is between $1,800 and $2,200 dollars per month? To rent a room in someone's house can be around $600! Ouch! With that being said, what are some of the most recent statistics out there regarding renting vs. owning? Here are a couple of cool charts:

 

 

My point, before you sign your next lease, speak to a reputable lender as you may be able to afford to buy a home. It is better to pay your own mortgage than your landlords. Sacrifice will be involved, but you can find the right program. There are 3 percent down programs, 3.5 percent down programs, 100 percent financing — there are lots of options available today.

 

 

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Renee Kunz VP & Managing Officer License:00963855

I am the Vice President and Managing Officer of Intero Real Estate Services in Hollister. I was raised in San Benito County and returned to the area with my husband as an adult and we are raising our children here. I have managed the Hollister Office since 2002. We are celebrating our 15th year of business this year. I obtained my broker's license in 1987. I am a third generation Realtor who is passionate about the real estate industry. Follow me on facebook: https://www.facebook.com/thekunzteam/