Renting vs. Buying: Which Is Best for You?

One of the biggest financial decisions you’ll make is whether to rent or buy a home. As both a REALTOR® and Licensed Loan Originator (NMLS #2597433) serving the Piedmont Triad, I help clients understand the real costs, risks, and benefits—so you can choose with confidence.

The Case for Renting

Renting can be a smart short-term move if flexibility is your top priority, you expect to relocate, or don’t want the responsibility of major repairs.

Expert Tip: If you’ll stay fewer than three years, renting may be more cost-effective after closing costs and resale fees are factored in.

The Case for Buying

Buying is a wealth-building decision that also provides stability and creative control over your home.

Financing Options: Many buyers qualify for low- or zero-down programs (FHA, VA, USDA) and state incentives. I can pre-qualify you and match programs to your goals.

Renting vs. Buying Over Time

If you’re renting at $1,500/month, that’s $18,000 a year with no return. A mortgage payment of the same amount builds equity over time. In areas like Greensboro, High Point, Lexington, Thomasville, and Jamestown, NC, long-term homeowners often see steady appreciation and wealth growth.

Break-Even Insight: Your break-even timeline depends on price, rate, taxes, and appreciation. I’ll run a personalized side-by-side comparison so you can see your numbers clearly.

How to Decide What’s Best for You

• How long do you plan to stay in the area?
• Are you comfortable with a down payment and reserves?
• Do you value flexibility or long-term stability more?
• Could you qualify for first-time buyer programs?

As your local real estate and mortgage resource, I’ll help you evaluate your options confidently.