Cheaper to Purchase a Home than to Rent According to National Reports

McHenry real estateWhen looking for new McHenry real estate, you may think that it is cheaper to rent, but according to recent reports, that may not be the case. At the end of the summer, Trulia released a report that showed that homeownership was 45 percent cheaper than renting on average in the US. While that number increases or decreases depending on the location, numbers still show that in the current economy, it is typically more affordable to buy a home than rent.

You may be asking how, since recent reports also show that the housing market is improving and as a result home prices are rising. Well another report by Trulia showed that new home asking prices were up 2.9 percent year-over-year in October, but rents rose even faster at 5.1 percent. Home prices are going to continue to rise as things stabilize, so why not go ahead and take this opportunity to purchase the home of your dreams instead of putting money into a property that you will never own?

When you purchase your new home from Gerstad Builder you have the opportunity to customize the home to your family’s wants and needs. From paint color to flooring to countertops, the design options are endless and they are YOUR decision to make. You don’t have those options when you rent a home.

At Gerstad Builders our Poplar Grove, McHenry, Richmond and Williams Bay homes are affordably priced starting from the mid-$100,000s. To make purchasing a new home even more affordable, we are currently offering FREE lots at each of our communities: Liberty Trails, Bailey Estates, The Trails of Dawson Creek and The Trails of Pheasant Ridge. For more information on this amazing offer and all of our beautiful homes, visit www.GerstadBuilders.com.