As with most things in life, there are pros and cons to both sides. As is the same with renting and buying a home. So lets lay out the two sides of the argument and a decision should be made according to your family's needs.
Mobility: The ability to move at any time is a clear advantage to renting, whether its a job transfer or family issue the option is there.
Short Term Savings: Combining low upfront costs, no selling costs and the fact that typically homeownership doesn't really start saving you money for 5 years, renting is a better option for a short term home.
Maintenance: When something goes wrong on a rental all you have to do is pick up the phone and call the landlord. Simple as that.
Satisfaction: Homeownership gives you a sense of accomplishment, independence, and pride. Everyone love to feel this way!
Stability: Knowing that you own that home gives you the feeling of stability. Where as, if you are in a rental, as much as you think that home is yours, it's not.
Equity: All this money you are pouring into this home upfront will come back and you will see it again, but those monthly rental payments are gone forever.
Control: You have complete control over your home. If you want to make that garage a music studio or paint the whole house bright pink, go ahead, you own it.
These are just several different pros and cons to buying and renting, it really comes down to each person's situation and needs. If you need any real estate advice, please dont hesitate to email me!
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: firstname.lastname@example.org
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice