Nathan Axmann - At Home Wichita Real Estate

Have you wondered if it’s still worth it to buy with homes appreciating and interest rates rising? If you plan to stay put for several years, buying a house is still a great investment and will save you money in the long run.

In the Wichita market, the average person will save $21,818 in housing costs after five years of home ownership. In 15 years, you will save $159,914.

Changes in the market doesn’t mean you can’t buy or that your purchase can’t be financially profitable. It simply means that you need an expert to help you navigate the changes of appreciation and rising interest rates, so you can leverage a deal that will help you win with your money.

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Nathan Axmann
Realtor | Investor | Entrepreneur
The Walden and Sprauge Group
At Home Wichita

Choosing to buy a home is a big decision, and it might be one of the biggest purchases you make. If you’re considering whether it’s time to stop renting and purchase a home, it’s good to keep in mind that the interest rate on renting is 100%

Renting has its perks and makes sense in some situations. No maintenance costs, no down payment, flexibility to move, no concern about property value. But the truth is your monthly rent payment is just like paying 100% interest month after month after month.

Interest, at its simplest, is the fee you pay to live in your home. When you rent, that’s what you’re doing. You’re paying a fee month after month, gaining nothing other than a roof over your head. Rates have gone up in the last few months, but we are still in a low rate market (the historical avg is 5%).

When you buy, yes, you’re paying a fee (your mortgage) month after month, but you’re gaining so much more than just a place to call home. You get:

An appreciating investment (existing-home sale prices rose 26.25 in the last four quarters)
Increasing equity (every month, the banks owns less of your home, and you own more!)
Predictable housing costs (a fixed-rate mortgage will never change)
Advantages come tax time
Freedom to personalize however you choose

In most situations, it pays to buy vs rent. Want to talk more and run the numbers? I’m happy to help.

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Nathan Axmann
Realtor | Investor | Entrepreneur
The Walden and Sprauge Group
At Home Wichita