To Rent or Buy in Portland Maine…. That is the Question!
Housing is the biggest expense for most and as real estate prices plus rental rates have risen here in Maine... is it now better to buy or has renting become more attractive again?
Generally it is almost always a better deal to buy, but not always depending on how long one plans on staying in an area, the number of people involved, average incomes, costs of moving, etc.
Rents Per Month
We are currently in a Sellers Market but that does not necessarily mean it is now a bad time to buy.. one needs to do their own calculations but with inventory remaining low, demand still on the rise and low rates.. buying a home is still more than likely the better way to still go!
August and September are usually busy times in real estate, so don’t hesitate to browse what is out on the market here in Maine and never hesitate to contact one of our agents if you have any questions as well! :)
Portside Real Estate Group
330 Forest Ave, Portland, ME 04101
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