Story originally appeared in Carmel Monthly Magazine
Join us in welcoming our newest columnists Dawn Pollard and Jane Barretto!
Dawn Pollard and Jane Barretto of Village Estates Realty, brokered by eXp Luxury, deliver an exceptional, concierge-level real estate experience across Carmel and Central Indiana.
Pollard, a Colorado native and proud Hoosier since 2013, leverages a meticulous attention to detail and strong negotiation skills to build authentic relationships. Driven by a passion for market trends and communication, she provides transparent, dedicated service that treats clients like family. As an award-winning top producer ranked in the top 1% of realtors in the metropolitan area, Pollard consistently pairs data-driven market expertise with a deeply personal touch.
Barretto brings unmatched expertise to the partnership as a seasoned luxury agent with over a decade of experience and more than 250 successful transactions. Known for her sharp market insights and competitive pricing strategies, she crafts high-impact marketing while prioritizing honesty and integrity.
Together, Pollard and Barretto blend local expertise with personalized service to guide buyers and sellers through smooth, stress-free transactions, helping clients make informed decisions and achieve the best possible outcomes.
Rent vs. Buy in Carmel: What Makes Sense Right Now?
By Dawn Pollard and Jane Barretto
One of the most common questions we hear from prospective buyers is, “Should I keep renting, or is now the time to buy?” It’s a fair question, especially in today’s market where mortgage rates are higher than they were a few years ago and rental prices continue to climb. The answer isn’t the same for everyone, but when we look specifically at Carmel, Indiana, buying often offers advantages that renting simply can’t provide.
Photo: Steve Richardson
The Power of Building Equity
Let’s start with the biggest difference: building equity. When you rent, your monthly payment helps your landlord build wealth. When you own a home, a portion of every mortgage payment goes toward building equity in an asset that you own. Over time, that equity can become one of the most powerful tools for creating long-term financial security.
Carmel has consistently been one of the most desirable communities in Indiana. Excellent schools, beautiful neighborhoods, abundant parks and trails, thriving local businesses and a strong sense of community continue to attract buyers from across the state and country. While no one can predict the future, homes in Carmel have historically held their value well compared to many other markets.
Long-Term Stability and Predictability
Another factor to consider is stability. Rent payments can increase when a lease renews. Homeowners with a fixed-rate mortgage enjoy the benefit of knowing that their principal and interest payment remains the same year after year. While taxes and insurance may change, many homeowners appreciate the predictability that comes with ownership.
That said, buying isn’t always the right move. If you’re planning to relocate within the next year or two, renting may provide the flexibility you need. Homeownership comes with responsibilities, maintenance costs and transaction expenses that should be considered before making a purchase.
Lifestyle Goals and Neighborhood Roots
We often encourage clients to look beyond the monthly payment and consider their lifestyle goals. Do you want a backyard for your family or pets? The ability to remodel and personalize your space? A place to put down roots in the community? These factors can be just as important as the financial considerations.
For many renters in Carmel, the biggest obstacle isn’t the monthly payment; it’s the down payment. The good news is that there are loan programs available with lower down payment requirements than many people realize. Some buyers are surprised to learn they can purchase a home sooner than they thought possible.
Photo: Steve Richardson
Navigating Today’s Market Opportunities
Today’s market also offers opportunities that didn’t exist during the frenzy of a few years ago. Buyers are often finding less competition, more negotiating power and occasionally seller concessions that can help offset closing costs or reduce interest rates.
The bottom line? The decision to rent or buy isn’t just about today’s market—it’s about your goals, timeline and financial picture. If you’re wondering what makes the most sense for your situation, we’d be happy to help you compare the numbers and explore your options. Sometimes a simple conversation can provide the clarity needed to make a confident decision.
A question worth asking: If your rent payment is helping someone else build wealth each month, what would happen if that same payment was helping build your own future instead?
Dawn Pollard and Jane Barretto
Village Estates Realty | Brokered by eXp Luxury
Serving Carmel and Central Indiana
- Dawn Pollard: 303-669-4425 | dawn.pollard@exprealty.com
- Jane Barretto: 317-586-1665 | jane.barretto@exprealty.com
- Website: villageestatesrealty.com
Helping clients make informed real estate decisions through local expertise, personalized service and a deep commitment to the communities we serve.