Why You Should Stop Renting and Start Owning

Colorado Springs Real Estate Podcast with Patrick Collins

Is it better to rent or own? A lot of people ask this question. To me, the answer seems obvious.

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Is it better to rent or buy?

This is a question on the minds of a lot of people in today’s market. However, it seems like an obvious answer to me. Then again, I’m in real estate.

Nevertheless, I think you might be interested in hearing my insider’s opinion on why it’s better to buy.

First of all, you have the opportunity to grow your credit when you buy. Purchasing a home is a long-term way to have a positive influence on your credit score.

Also, buying a home will build your equity. You may not stay in this house forever, but the equity you build from it can help go towards your future nonetheless.

You have the opportunity to grow your credit when you buy.

We’ve got a wonderful rental here in Colorado Springs. If you move up to a different property after purchasing your first home, you can still keep your current house as a cash-flow property for your future.

Renting out your previous property after moving to your new residence can be a great way to take on some extra income.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.