Fort Collins Renting … What’s it to You?

by kenlavertu on June 16, 2012

in Fort Collins CO Real Estate, Latest News

Fort Collins recently released some information that could affect the way its residents think about housing. Vacancy rates among rental properties in Fort Collins dropped again, this time to 2.6%, making Fort Collins the least rent-accessible metro area in Colorado. The low vacancy rates have a direct impact on pricing – the average rental rate for an unfurnished apartment of any size rose 11% to about $1010 a month.

Even though the news has been bad for renters, it’s been great for home owners. Fort Collins ranked fifth nationwide in improving housing markets.

Most financial planners agree that wisely purchasing a home is the first step in building financial security. Renting, therefore, should be an intermediate step while saving for that down-payment. But with rental prices abnormally high, especially in the Fort Collins area, and buying historically cheap – interest rates are still hovering under 4% – it just might be time for you to buy. After all, it’s becoming a national trend that buying is cheaper than renting.

If you’re wondering whether it’s the right time for you to buy, give me a call at 970.663.7070. No contracts. No commitments. Just honest advice.

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Post by Ken Lavertu

Ken has written 31 articles.

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