Many people who are considering buying a home might be worried about the expense, but you may be surprised to find that, according to research by the real estate experts at Trulia, owning a home is considerably cheaper than renting in almost every major city in the country. Cheri Long, Broker & Owner of Metro Brokers/Priority Properties, Inc., an experienced real estate agent serving residents throughout the Denver area, urges people who are dreaming about home ownership to take the first step and start saving money.

Property prices are still recovering from the 2008 recession, and in most areas of the United States, they are still much lower than rental rates. On average, renting is over 30% more expensive on a monthly basis than buying a house, while in some areas of the south and midwest the gap is even higher. As home valuations continue to recover and interest rates rise, the price difference may not be as great, so moving now may be in your best interest.

Bear in mind that Trulia's analysis takes into account all the expenses associated with buying and owning a home, including closing costs, attorney's fees, property taxes, and even maintenance, as well as the total costs of renting. Even when property insurance is factored in, owning a home is still less expensive and comes with the benefit of building equity in your home.

When you're ready to start saving, visit Metro Broker/Priority Properties, Inc. online to learn more and browse the list of houses for sale. Call Cheri at (303) 263-2072 to speak about strategies to become a new homeowner.