Sarah Asks….I will be moving to Denver soon with my job. Should I rent or own?

Sarah, we come across this all the time and it is a great question!  In Denver, it is 45% cheaper to own a home than to rent, making Denver one of the most affordable cities to live in!  Currently, apartments are being built all over and STILL cannot keep up with the demand, so rental rates are high.

Interest rates are still low and that means it is more affordable to own your own home.  However, don’t expect them to stay low forever! An increase in the rates will narrow the margin between a mortgage payment and a rental payment.  So if you are undecided, now is definitely the time to own your home and avoid increasing rental rates across Denver!

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