- Both renting and buying have their financial advantages, and owning a home isn’t right for everyone.
- Unlike homeowners, renters have no maintenance costs or repair bills and they don't have to pay property taxes.
- Renting usually requires a security deposit equal to one month’s rent, whereas a homebuyer is required to have a sizable down payment—typically around 20% of the property’s value—when purchasing a home with a mortgage.
- Generally, renters also have lower utility bills, greater flexibility in where they live, and access to amenities, such as a pool or fitness room, that might otherwise be prohibitively expensive.
When you are ready, I hope to put my 20 years of real estate experience to help. www.megandonaldson.net
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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 Houston Association of REALTORS®