If you are currently renting in Montgomery County and wondering whether buying makes financial sense, you are asking the right question. The answer depends on your specific situation — but for a lot of renters in this market, the numbers clearly favor buying. Especially at Beaver Hill.
What Renting Costs You
A 2-bedroom apartment in a quality Montgomery County building or complex typically rents for $1,600-$2,200/month or more, depending on location and amenities. Add utilities — electric, gas, water — and you are looking at $1,900-$2,600/month minimum, with the number varying every month based on usage.
Every dollar of that goes to your landlord. No equity. No stability. No ownership. And at lease renewal time, a rent increase you cannot control.
What Owning at Beaver Hill Costs You
At $230,000 with a conventional mortgage and 10% down, your principal and interest payment runs approximately $1,300-$1,400/month at current rates. Add the $943 condo fee and you are at roughly $2,250-$2,350/month total — all-in.
That condo fee covers all utilities, all exterior maintenance, HVAC servicing, pool access, doorman, snow removal, lawn care, building insurance, and more. The all-in comparison to renting is decisively better — and your mortgage payment is building equity every month.
The Equity Advantage Over Time
If you own unit 229S for five years, you will have paid down a meaningful portion of your mortgage principal and potentially benefited from market appreciation. Your $23,000 down payment could have grown substantially in the form of net equity. Renters who have rented for those same five years have zero of that.
The Risk Factor
Buying does come with risks — market conditions, life changes, and property-specific considerations. Working with an experienced agent like Shaina McAndrews helps you assess those risks clearly and make a decision based on your actual situation, not generic advice.
Get the full picture on Beaver Hill — start with a showing:
Shaina McAndrews | MontCo Living | eXp Realty | 215-767-7150
