Independent neighborhood guide, not affiliated with any homeowners association, property manager, city or official board.
Updated October 23, 2026
How much evidence does it take to decide it’s time to stop renting and buy?
Start with one simple comparison: your rent versus a mortgage payment on a similar home. If the home you want is bigger, compare with what that home would rent for.
Then look at what the payment leaves out.
What ownership adds back
- Principal paydown: Part of each payment builds your equity, like forced savings.
- Appreciation: If your home gains value, that growth is yours.
- Possible tax benefits: Mostly if you itemize; many people don’t anymore.
On the other side, owners pay for maintenance, so budget for it.
Who gets the equity?
People are staying in their homes longer, whether they rent or own. Either way, you’re paying for a home. The question is whether you’re building equity for yourself or your landlord. Read Renting vs. Buying and start with the buyer questionnaire.
This is general information, not financial, tax or legal advice. Talk with your lender, CPA or attorney about your situation.
A simple plan for your deciding to buy move
I’ve been helping people sell and buy homes across Minnesota, Wisconsin, and Florida for about two decades, and I build and remodel luxury homes too. I’ll help you see both what a property is and what it could be.
Getting the house ready, or making it yours
If you’re selling and want repairs handled before buyers see them, Super Crew Contractors can give you an estimate. If you’re ready for something custom, Ivy Lane Homes does luxury home building and remodeling. And a quick coverage check with Intrinsic Insurance before closing can save you a surprise. For the local picture, read my Chaska homes guide or browse neighborhoods in Chanhassen and Victoria.
Super Crew Contractors, Ivy Lane Homes and Intrinsic Insurance are owned by David Olson; you are free to use any contractor, builder or insurer.
Twin Cities on video
Your next step in deciding to buy
Every move is different. When you’re ready to talk about yours, I’m a call or text away.
Please note: I don’t handle rentals or property management. I work with sellers and buyers, and that’s where I can help you most in deciding to buy.
Stay close to the market, without the noise.
Every so often I send a short, practical note: what Twin Cities homes did, prep tips that are worth the money, and neighborhoods worth a look.
Thank you! You’re on the list.
I’m glad you’re here. A quick confirmation is on its way to your inbox. Whenever you want to talk about your own home or a move, I’m a call or text away.
