Buy Vs. Rent (Download the Model)
by Osman Parvez
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As part of due diligence, it’s very important to do the math before making a real estate purchase. Although I recommend everyone run the numbers, it’s especially important for first time home buyers and current renters.
About a year ago, I built a model that took your assumptions including length of ownership, appreciation, maintenance costs (and many others) and calculated the difference in cost between renting and owning. I do this because the online calculators I found were woefully inadequate. I’ve since sent hundreds of copies of my buy vs. rent model to people who contacted me.
Previously available only by request, you can now download the latest model directly. As before, be sure to read the included instructions before diving in. You should also read the posts linked above for a discussion on the model. If you have specific questions, free to contact me.
p.s. If you modify the model and think your version would be useful to others, please let me know.
image: Carnaval 08
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Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Buy Vs. Rent (Download the Model)
by Osman Parvez
—-
As part of due diligence, it’s very important to do the math before making a real estate purchase. Although I recommend everyone run the numbers, it’s especially important for first time home buyers and current renters.
About a year ago, I built a model that took your assumptions including length of ownership, appreciation, maintenance costs (and many others) and calculated the difference in cost between renting and owning. I do this because the online calculators I found were woefully inadequate. I’ve since sent hundreds of copies of my buy vs. rent model to people who contacted me.
Previously available only by request, you can now download the latest model directly. As before, be sure to read the included instructions before diving in. You should also read the posts linked above for a discussion on the model. If you have specific questions, free to contact me.
p.s. If you modify the model and think your version would be useful to others, please let me know.
image: Carnaval 08
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
