renter resource

When is renting a good idea?

While I'm a strong advocate for owning real estate, renting can be the right choice in certain situations.

  • Still saving for a down payment? You only need around 5% plus a few months of reserves. Once you’re close, let’s start exploring available homes.

  • New to the area? Renting first can help you decide if a location is the right fit.

  • Enjoying low rent or stress-free living? If your rent is below market and you like the convenience of not handling repairs, renting might be best for now — but keep an eye on home options.

If you need help finding a rental or want to join my renter database (for first access to vacancies), reach out today!

First respectable landlord I’ve had, and Spencer made our transition back to the US a lot easier. Overall landlord experience made it easy to choose him as a realtor, and happy to have him as a landlord/then realtor.

–– Sam

RENT VS OWN

All Numbers are Based on 3 bedroom homes and mortgage rates as of Dec 2024

In the 53705 zip code (includes Shorewood Hills, Sunset village, Spring harbor) the median price is $630,000. In that location it’s much more likely that renting could be the right option.

In the 53716 zip code (includes Monona, South of Olbrich Gardens, Elvehjem) the median price is $395,000. Rent is actually the second highest at $2600/mth. This location it’s clearly better to buy.