Buy vs Rent Comparison for Denver County (August 2022)

There are over 93,009 Denver County residents who are currently renting but can afford to buy a home. They are qualified to purchase a home, so why would they not?

Some people believe that the housing market is unstable, but home prices in Denver County are expected to rise by 2.9 percent this year and 21.7 percent over the next five years. Do you know what that translates to in monetary terms? You would gain $142,000 if you purchased a home at the median price of $653,000.

This is a very strong market; however, here is the biggest misconception: according to a national survey, the number one reason people continue to rent even though they are qualified to buy a home is that they believe they need a 20% down payment.

The right amount for a down payment depends on the type of loan you choose, but even conventional loans don't require 20%. Depending on the programs available, you can purchase a home with as little as 5% or even 3% down.

Contact me and I'll show you how to build wealth through real estate.