The decision to rent or buy, and when to do so, is rated as one of the most important financial decisions that a family will make in their lifetime. As we saw in the years between 1998 to 2010, many people were not prepared for the possibility of a downturn in the economy. Each individual’s situation is different and the staff at Dominion will make sure you understand not only the benefits of homeownership, but also the responsibilities that it requires.
Our financial calculators are designed to help you easily fill in different timelines, rates of appreciation, tax deductions, additional payments to your mortgage, and many other possibilities. Over time, buying almost always is a better option to renting and will create personal wealth better than any other asset you could own. Call us at our office and let us help you through some of the “what if’s “ that will help you make this decision easier.