Freedom and Control Are Top Reasons Millennials Choose To Buy
Freedom and Control Are Top Reasons Millennials Choose To Buy… and 4 more reasons:
What it gets down to:
- “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
- The top reason millennials choose to buy is to have control over their living space, at 93%.
- Many millennials who rent a home or apartment prior to buying their own homes. They dream of the day that they will be able to paint the walls whatever color they’d like. And, of course, renovate an outdated part of their living space.
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Office: 909.985.9392 or Text Us: 714.657.6634
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New Listing: 3073 Arlington Ave, Riverside – Ground Up Remodel
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Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
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91784 A Real Estate Sales Year In Review for Upland California
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