It’s no secret that San Francisco real estate is a pricey commodity. However, the question is: is it better to buy or rent your home given these competitive conditions and the forecast for the Real Estate market for 2023?
We’re a community constantly in flux, with property owners going in and out of the city for temporary residence – and sometimes longer-term stays out of the area. This generally presents a question for these people: is it better to keep a property that you own or rent a property according to your needs?
Many homeowners decide that they want to move on to a home that is larger, more conveniently located, or both. As a result, it can sometimes be the birth of a landlord: they keep their current home and rent it out seems a more appealing option. However, others may see renting their own primary home, rather than becoming landlords, as the way to go since they don’t want to worry about upkeep and maintenance on not one but two residences.
If you’re considering renting versus owning in San Francisco, here are a few things you might want to think about before committing in either direction.
There are many free rent versus-buy calculators online that you can use to plug in your financial figures, by doing so will give you a more precise idea of what is most fiscally feasible for your situation.
Are you still trying to decide between renting and buying in San Francisco? I’m happy to help you determine what’s right for the needs of you and your loved ones.
We represent many of the best apartments, condominiums, and single-family rental homes throughout the city, specializing in sought-after communities in San Francisco. Contact us today to find out how we can be of assistance to you!