Buy vs Rent a Home in Las Vegas?
Are You Making a Move and Wondering if You Should Buy or Rent? Let's look at some of the benefits of Buying a home in Las Vegas:
There are many benefits to owning vs. renting and with our simple buying process and easy loan qualifications, let us show you how homeownership is possible. Nobody makes it easier.
Rising Rent Costs:
Rents will continue to rise. The U.S. Census Bureau shows that the median asking rent has continued to climb year after year since 1997. Since there are no rent control laws in the state of Nevada, nothing is stopping a landlord from raising your rent as high as they want after the lease term. When you own your home, you lock in your monthly mortgage payment for the life of the loan. This creates consistency and predictability in your payments, which is a huge benefit of buying a home in Las Vegas.
Building Wealth:
When you buy a home, you are building wealth by earning equity. Your money goes towards creating savings for you and your future. When you rent, your money builds your landlord's wealth. They are building wealth in their sleep with your rent money. Wouldn’t you like to put that same money towards your wealth?
Affordable Down Payments:
Is the hurdle of a down payment preventing you from buying? There is a myth with homeownership that you need a 20% down payment...this is simply not true. There are many low-down payment options to choose from, including zero-down loan programs. When you work with one of our knowledgeable Preferred Lenders, they have access to a variety of loan programs and will help guide you in finding the perfect loan for you. Click here to learn more about the different loan types, Demystifying Home Loans: What Type of Home Loan is Right for You? | Touchstone Living
Your Own Space:
When renting, you're limited by Landlords who won't allow you to personalize your space, no painting, no hanging pictures, or decorating the home to make it feel like your own. Another benefit of buying a home is that it's entirely yours, you have the freedom to decorate and add your flare. Do you like a contemporary design, or maybe modern boho with a hint of vintage...go for it, you own the walls, the floor, and the right to make your home look and feel the way you want! And with a Touchstone Living home, it's brand new, giving you a blank canvas to design!
Take the Next Step:
So, what’s stopping you? Visit any of our communities today and let’s make homeownership a reality for you! Click here to get started on your journey to homeownership now: Communities | Touchstone Living
Rev. 6-10-2024