Renting vs Buying Do You Know the Real Cost?

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There is no right or wrong answer when determining if now is the right time to buy your first home.  There are lots of things to consider when renting vs buying is the question.  Understanding the cost of ownership and the cost of renting should be one of your first

.Renting vs Buying - the Connie Inmon Team

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

You can find more resources for homebuyers right here on our website.  be sure to check them out!

We can help!  If you are thinking about that first home in the NW Houston, Cypress, Katy, Spring or Tomball TX area, why not give us a call? We love working with first-time buyers.

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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