>

Renting Versus Buying

Dated: 10/03/2019

Views: 102

Is it better to rent a property or purchase a home?  This is a major decision that will affect your lifestyle and how much money you have at the end of each month.  

Renting:  A good decsion for those who need to save money for a down payment on a new home, work on credit score, or wait for lower interest rates.  Rental properties are not always guaranteed for years to come.  The owner of the home may decide to sell which will leave the tenant needing to move sooner than expected.  The home will never belong to you and there are limited things that can be done as far as decorating.

Purchasing:  Purchasing can bring equity in your home but at the same time a home can lose value.  There are many factors to consider before purchasing a home.  To name a few, school ratings even if you don't have children, communituy ammenities, local crime rates.  Owning a home can also bring on more responsibilities.  Normal maintenance that would be the landlords responsibility now is in your hands.  Other large items such as HVAC, Water Heater, Plumbing Leaks, etc. can get costly.  

Take a look at options before deciding to purchase or to lease.  And always contact a local Real Estate Agent to help along the way.  Agents know the market and can provide guidance in making the right decsion.

Blog author image

Butch Gilley

Butch Gilley is a Real Estate Professional in the Austin and surrounding areas and has helped hundreds of clients find the home of their dreams. After graduating from The University of Louisiana at M....

Latest Blog Posts

New Year New You

More and more people are moving to the Austin Area every year!   2020 is expected to be one of the best years for growing the Austin population.  Is it time to buy a new home?  Are

Read More

Starting The Year 2020

It's almost the next decade!  Do you have goals for home ownership in 2020?  Interest rates continue to get lower and lower.  When is the right time to buy?  My answer is "When

Read More

The Hollows

The Hollows...Located northwest of Austin at an area we call North Shore on Lake Travis. Exciting things are happening! The Hollows has received tremendous attention this year which

Read More

Am I Going To Lease Again

And the story goes...I go about my day as normal.... you know the typical days, get up, go to work, come home, make dinner, clean up, go to bed, get up, Bla bla bla. Then out of the blue I receive a

Read More