Buying vs. Renting: Which Is Better?

According to recently released statistics from Realtor.com, the national monthly price for renters across the country has skyrocketed nearly 17 percent within the past year, costing tenants a whopping $1,792 on average per month.

Here at The Bassford Team, we completely understand why people enter into a rental agreement. Depending on where you reside, it is oftentimes the most affordable option or easiest solution to your current living situation. Landlords typically take care of costly home repairs, like replacing a broken appliance or fixing an issue with the electrical system. And while these are certainly appealing aspects to renting a home, it will definitely take a bite out of your bank account in the long run.

One of the most common misconceptions about buying your own home is that it will be more expensive than renting. Sure you will spend more up-front by procuring a loan from your financial institution and hiring a reliable real estate agent, but the long-term, primary benefit is that once you’ve submitted your final payment, the property is yours to keep for as long as you like. The same cannot be said for renters.

Avoid these perpetually rising rental prices and purchase the home of your dreams by contacting Rich Bassford and his elite group of real estate experts at The Bassford Team. We have an exceptional selection of single-family homes, luxury listings, condos & townhouses, and brand new constructions available throughout the greater QC area. It’s certainly a much better option than endlessly funneling your finances into a property that you may never be able to own outright.

Contact Us Today!

Since 2014, Rich Bassford and The Bassford Team have been dedicated to providing quality real estate services for clients who are trying to buy or sell their homes in the Quad Cities. We have a plethora of open house opportunities scheduled for this weekend and are more than happy to schedule a showing for any of the properties listed in our database. If you would like additional information regarding a specific listing, please submit a contact form through our website or give us a call today at (309) 292-3681 to set up an appointment with an associate.