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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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.