Rent vs Buy A Santa Clarita Home – What’s Less Expensive?

Ask Robert SCV Screen Shot

Are you wondering if it’s more expensive to own a Santa Clarita home than it is to rent one? Buy vs Rent? I get this question all the time. Thanks to Trulia.com and their wodnerful Rent vs. Buy calculator, you can take a look at the numbers yourself. They say that in the Los Angeles Metro area that it’s 28% more expensive to rent than it is to own a home. Go figure! They calculate many items such as rental amount, renters insurance, lost opportunity due to renting (not receiving benefit of owning a home and appreciation)… and they compare to the costs of owning a home, such as property taxes, insurance, loan interest, etc.

I plugged in a few common examples for the Santa Clarita Valley… find out what I saw when comparing the cost of renting a home in Santa Clarita vs buying a home in Santa Clarita. Thinking about buying a home in Santa Clarita this year? ASK Robert! You can call me @ 661-373-2374 or just make contact with me through the website.

 

Author: Robert Mickalson

Robert Mickalson created the Mickalson Group at Real Brokerage in Santa Clarita. He has been serving home buyers and sellers in and around Santa Clairta, CA for two decades. Robert's passion is to empower his clients with the most relevant housing market information. Bringing a boots on the ground perspective to this blog and also to his newsletter, SCV Cul-de-Scoop, are just a few ways Robert is able to help his clients, and the citizens of North LA County as a whole.