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Renting vs. Home Ownership - Which is Better for You!

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Many people are unsure if they want to continue renting or if they should buy a home. There are many things to consider. What will it cost you? What will you get for your money? Will you be free to quickly relocate? What return will you get on your investment? How much maintenance do you want to do? Where do you want to live, and is what you want available there? What will make you happy?

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Renting vs. Home Ownership - Which is Better for You!

  1. 1. Eici-mfiflmg R1763 I'I{o~me WHICH ONE IS RIGHT FOR YOU? AUSTIN TEXAS RENTAL GUIDE
  2. 2. Many people are unsure if they want to continue renting or if they should buy a home. There are many things to consider. 7 7 7
  3. 3. What will you get for your money’? With a home, you may possibly have a yard, a community pool or other amenities and more space. Of course you'll also be responsible for maintaining the yard, heating, and cooling a larger space and perhaps paying homeowner association dues to maintain the pool and other amenities.
  4. 4. Will you be free to quickly relocate? lf your company relocates employees frequently, or you're not interested in staying somewhere for more than a year or two, you may want to think twice about buying.
  5. 5. What return will you get on your investment? Most people believe property always appreciates or gains value, but that's not always the case ‘its. 'a§, ‘ I . /47 . ' I / :/ _. p’ A change in the neighborhood or the economy can affect the value of your property. You'll also need to consider any additional money that you put into the property for improvements or upkeep while you live there.
  6. 6. Where do you want to litre and is what you want available there? If you want to live close to your work or school, are homes available in that area and can you afford them? Can you find rental housing where you would like to live, or is a home you buy the only option? P_4__4 A .14
  7. 7. What will make you happy? Ultimately, you need to decide if you'll be more satisfied and comfortable in a home you own, or in a home you rent.
  8. 8. mm L speera ) Helping There (D Here! Not ready to buy yet and need help finding an apartment to rent? FREE SERVICE ¢. ».1‘II, a-1 -- '9 -7.344- l

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