469-235-3101 office


The two don't really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord.

Owning a home has many benefits. When you make a mortgage payment, you are building equity.  Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it.

Let me give you an example:

Rent a home for $1150.00 per month.  No future equity or appreciation, no tax deductions.  Actual cost of renting $1,432.80

Buy a home for $135,000.  Property tax of $250, homeowners insurance of $100, P & I of $800 (assuming 6% interest for 30 years). Total payment of $1150, tax savings of $282.80 ( 95% of p&i and 100% of property tax assuming a 28% tax bracket) for an actual cost of $867.20 + future equity +appreciation + the satisfaction and joy of being able to provide a home for your family.


 To work with any of our professional agents e-mail