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“Should I buy or continue renting?” We here this question a lot. Here’s how we typically answer it: It does not always make sense to buy a home, just ask anyone who purchased during the 2004-2007 boom. So, when does it make sense to buy a home? Consider
what your payments would be if you could buy the house you are currently renting. Select the “Property Value” tab on the side of this website and I will provide an estimate for you.
If your monthly payment as a homeowner would be less or about the same as your rent, you may want to consider purchasing a home in Reno. With a 30-year fixed-rate mortgage, your payments will remain the same and won’t/can’t go up. After 30 years you will own the home. If you plan on moving, perhaps you can eventually gain cash flow. In addition to the pride involved with ownership, you may also receive some good tax benefits.