Should You Buy or Rent a Home?

Should you buy or rent a home? Here are my professional views on the subject.

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Right now, is it better to rent a home or to buy one outright? To answer that question, you first need to ask yourself these questions:

1. How long do you plan on living in your home?
2. Do you have enough money for a down payment?
3. In what part of town do you want to live?

The answers to these questions are all part of the equation when it comes to deciding whether to rent or buy.

If you’re planning to live in the area for only a short time, you might consider renting. Likewise, if you’re committed to living in a particular part of town, you might also want to rent if the home prices in that area are outside your budget.


Having a mortgage can make your monthly housing payment a little more stable than if you were to rent a property.


Otherwise, buying is always the best option, especially if you plan to be in the area for three years at a minimum. Depending on where they buy in town, I’ve seen people recoup their money in two years or fewer.

With interest rates as low as they are, your mortgage payment is often much cheaper than rent would be. Apartments have become very expensive here, and rents continue to increase each year. I know this because I own a couple of rentals; each year, I receive a letter in the mail that says the rental price will be increased for my tenants. Having a mortgage can make your monthly housing payment a little more fixed than if you were to rent a property. Additionally, you build equity when you purchase a home; that money could later be used for investment purposes.

If you have more questions or would like to explore your options, reach out to the M. Stagers Realty Partners. We’d love to have a conversation with you.

Categories: San Antonio Real Estate.