Often we get the question from our clients that they struggle with the decision whether to buy or rent. As much as we would love to help you and give insight in the current market, ultimately your personal situation will determine wat is best for you at this time.
To give you a clear understanding of the difference purely based on cost we have made a schedule below which might help you make a decision.
Rental property of € 1.000 pm
Rent € 1.000
Savings needed € –
Cost in 12 months € 12.000
Cost in 5 years € 60.000
Mortgage of € 265.000
Monthly payment (interest + linear) € 1.000
savings needed for the purchase € 12.500
Cost in 12 months € 24.500
Mortgage left after 5 years € 221.000
If you are looking to purchase over a period of 5 or 10 years investing in a purchase property will be a smart thing to do, regarding the trend of the market. But for people that have a work contract for a short period and plan to move after that, renting might be a better and cheaper option.
If you have any questions, and would love to talk to us about what your situation is, don’t hesitate to contact us!