To Rent Or To Buy: Top Things You Should Know
Buyer December 5, 2017
Buyer December 5, 2017
Buying your own home seems like the fulfillment of the American dream, but as housing prices are increasing, we all know that that dream will definitely cost you a hefty amount. According to an article on Economists' Outlook , the median price of homes for a single-family home sold in August 2017 is $255,500, which is a 5.6% spike from last year. Many people would resort to renting, but is that move really cheaper than buying a house?
Let’s first weigh the pros and cons of buying a house and renting one.
Take note that renting prices have also gone up and buying a house would generally be cheaper than renting in states belonging to the Northeast, South, and Midwest regions. But it's good to remember that there are multiple factors to consider other than just price.
Understand the pros and cons of interest-only mortgages to determine if this financing strategy is the right fit for your home buying goals.
In Houston, the question is often not “Should I wait?” It is “What is waiting likely to cost me, and is that tradeoff actually worth it?”
The right strategy depends on your finances, your comfort level, and how competitive the market is in the area where you are buying and selling.
Discover why your driveway is a critical component of your home's curb appeal and how simple updates can boost your property's market value.
Discover why outdoor living spaces are a top priority for luxury home buyers in Houston and how they can transform your property's appeal.
Don't let landscaping costs surprise you. Learn the essential maintenance expenses every home buyer should factor into their budget.
Learn the real reasons homes sit on the market and what sellers can do to attract buyers and sell faster in 2026.
Homeowner
Selecting the ideal paint color can easily transform any space, creating a mood and style that reflects your personality and the room's purpose.
Deciding between repairs and selling as-is? Learn how to maximize your home's value and protect your peace of mind before listing in Houston.
Real estate can feel overwhelming, but you don’t have to navigate it alone. Our team is here to bring clarity to the process, advocate for your goals, and guide you every step of the way.
KRAASE PROPERTY GROUP
1220 AUGUSTA DR HOUSTON, TX 77057