Buy Vs. Rent (Download the Model)

|October 24, 2007|Due Diligence|

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

—-

Like this analysis?    Subscribe to our client research report.     
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. 

Welcome to House Einstein

Locations, Due Diligence, Negotiation

Testimonials

Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.

We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.

Share This Listing!

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.

Facebook | Twitter | Instagram | YouTube

Work with

House Einstein

Thinking about buying or selling and want professional advice?
Call us at 303.746.6896

Your referrals are deeply appreciated.

Like this content? Want more fresh listings? Subscribe to our newsletter!

This field is for validation purposes and should be left unchanged.