{"id":331,"date":"2014-07-18T16:26:00","date_gmt":"2014-07-18T16:26:00","guid":{"rendered":"http:\/\/dev.gahomesdigest.com\/blog\/rent-vs-buy-house.html"},"modified":"2014-07-18T16:26:00","modified_gmt":"2014-07-18T16:26:00","slug":"rent-vs-buy-house","status":"publish","type":"post","link":"https:\/\/search4.homes\/rent-vs-buy-house\/","title":{"rendered":"Rent VS Buy House"},"content":{"rendered":"

\"RentRent VS Buy House<\/h1>\n

If you’re out looking to rent a place you might have noticed that rent is expensive! \u00a0Sure there’s a few places to rent in Gwinnett County that range from the low $500 a month, but most of these places are either townhomes, duplexes or in the very worst school districts in town. \u00a0Statistically, renters aren’t as concerned about schools but they should be! While a good children’s education has value, it’s not as valuable if you don’t have children — HOWEVER, it does affect the over all prices of available homes AND it also affects the areas “quality of life.” \u00a0Areas with better schools typically have better parks, cleaner stores, less crime – you know lots of good stuff that your Momma told you to look for in a place. I digress, so where was I? Oh, rent is expensive and home prices are down, so let’s compare the age old question of buying vs renting a home in Georgia.<\/p>\n

In our research we noticed that the average rent rate for a single family home in Central Gwinnett was about $800 a month (see below) while a home in a better school district like Grayson, Mill Creek or Peachtree Ridge was closer to $1,300 a month.<\/p>\n

So let’s break out the calculator on our phone and compare notes. For those cynical folks out there, my calculation assumes you are putting 3% down and getting a fixed rate loan of 5% for 30 years [at the time of this blog post rates are as low as 3.8%]<\/p>\n

Rent VS Buy A House?<\/h2>\n

If your rent is $500 a month you could buy one of these homes instead (we’ll start here because frankly rent this cheap is usually “mom’s house”)<\/p>\n

#gwinnett50100#<\/p>\n

Rent Vs Buy at $800 A Month<\/h2>\n

How about if your rent is $800 a month, what can you get?<\/p>\n

#gwinnett50150#<\/p>\n

Rent Vs Buy A Home At $1,000 a Month Rent<\/h2>\n

Let’s do two more: $1,000 rent a month, should Rent VS Buy A House?<\/p>\n

#gwinnett150200#<\/p>\n

Finally, we’ll stop a the $1,300 a month rent. If you’re paying this much in rent, why aren’t you buying – take a look!<\/h3>\n

#gwinnett200250#<\/p>\n

Related Real Estate Resources:<\/strong><\/p>\n