It it better to rent or buy your own home?

Rent or Own?

This townhome on Orchard Mesa is a typical example of a nicely maintained townhome currently available for rent. Bray Property Management manages the property and this two-bedroom, 1 1/2 bath townhome is currently available for $900 a month.

Staff

This townhome on Orchard Mesa is a typical example of a nicely maintained townhome currently available for rent. Bray Property Management manages the property and this two-bedroom, 1 1/2 bath townhome is currently available for $900 a month.

This home at 3005 F 1/2 Road is currently listed by Ron Baimbridge with Heiden Homes for $159,900. FHA buyers need about $5,600 for a minimum down payment, and would then pay about $700 per month just toward principal and interest, with an interest rate of 3.5 percent. FHA borrowers would also have to pay monthly mortgage insurance as well as taxes and insurance, which would increase the total payment.

Staff

This home at 3005 F 1/2 Road is currently listed by Ron Baimbridge with Heiden Homes for $159,900. FHA buyers need about $5,600 for a minimum down payment, and would then pay about $700 per month just toward principal and interest, with an interest rate of 3.5 percent. FHA borrowers would also have to pay monthly mortgage insurance as well as taxes and insurance, which would increase the total payment.

While some renters prefer an apartment or a townhome, others want a single-family home. This Orchard Mesa home, with five bedrooms and four and a half baths, currently rents for $1,550 a month.

Staff

While some renters prefer an apartment or a townhome, others want a single-family home. This Orchard Mesa home, with five bedrooms and four and a half baths, currently rents for $1,550 a month.

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It it better to rent or buy your own home?