When it comes to settling down and investing into a home the
possibilities seem endless. Yet within the framework of options, two stand out
the most. Should you rent or buy, and what decision would fit your life style
or end goal the best? Continue reading for a list of perks related to both
renting and buying in the central Texas area.
maintenance. Always a plus! As a renter you are not obligated to take care
of a leaky faucet or spend time on fixing natural wear and tear.
Depending on if you’re renting an apartment or a house, certain communities
offer amenities that can definitely factor into your overall cost of living.
Having a community gym or pool that is inclusive with the monthly bills saves
you from having to spend that money elsewhere.
Do you like to travel or move often? Whether every six months or a year, Renting
gives you the freedom to go someplace new or different if desired. Or even
downsize if necessary.
payment required. Although most places ask for a deposit, the difference in
your first month’s rent vs a 3.5-20% down payment can be huge.
mortgage. With mortgage rates being fairly low you could end up paying less
a month to own a home then you would to rent one. Paying the mortgage also
builds your equity.
investment. Over time real estate is
likely to increase in value, giving home owners the option of making money if
they wanted to sell later on.
If you’re someone who likes the idea of staying put and setting down roots to
raise a family or build a career then owning a home could be to your advantage.
Also unlike rent, your mortgage payments stay relatively the same (withstanding
changes in property tax).
control. As a homeowner you have the freedom to do things as you wish.
Little things like hanging pictures or bigger things like painting or adding
onto the house don’t have to be approved by a landlord first.
you then make sure to give Apartment Experts in San Marcos a call at
512-805-0123. We make finding the right apartment for you easy, efficient and