Residential Real Estate

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Renting a home vs. Buying a home

	Cost(s)	Responsibilities	Investment value	Miscellaneous
Renting a House	At least, 1st + Last months rent for deposit.	Appliance costs, as well as a minimum maintenance fee for anything that might to be repaired while living in the property.	Unless the tenant is in an agreement to "rent to own", there is no long term financial advantage to renting a house.	There are many more freedoms to renting a house rather than an apartment. There is usually more space, as well as a back yard in some instances.
Buying a House	Down payment usually requires at least 3-5% of total cost of property value.	All bills, repairs, appliances, as well as, taxes and association fees are paid by the homeowner.	When owning a home, the homeowner will build equity n the property overtime. Owning a home also improves your credit rating over time.	A house offers you the chance to build credit and becomes a long term investment. Since it is "your" property, there are fewer restrictions on what you can, and can not do to your house.
Renting an Apartment	Deposit is usually between $200-500.	Utility bills and the price of any damages to the apartment are the financial responsibility of the tenant.	Though renters history effects credit, There is no long term investment value while renting an apartment.	Renting an apartment requires no long-term commitment, there are no maintenance costs, and is affordable.

Other areas of Austin we service include, but are not limited to: Buda, Pflugerville, Round Rock, Rollingwood, West lake hills, Lakeway, Lake Travis, Manor, Zilker Park, Cedar Park, Georgetown, and Sixth Street.

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