50 Reasons to Consider Buying a Home Instead of Renting an Apartment

Buying a home has both financial and practical advantages. In the current housing market in Texas rent prices are rising by leaps and bounds. This often makes rent prices higher than a monthly mortgage payment on a more spacious home of your own.

If you plan to live in the area for a few years, it’s a great idea to buy a home. This list highlights the reasons that buying a house is better than renting an apartment.

1. Parking garages and parking tickets

2. Rising rent prices

3. Better Schools

4. Fewer moving vans

5. Quite neighborhoods vs. busy streets

6. Having a real garden

   

7. Investing in property instead of building another persons wealth

8. Backyard barbecues

9. Neighbors who care for the community

10. Tax deductions for homeowners

11. Space

    

12. Laundry room

13. Fitness space

14. Home office

15. Guest bathroom

16. Playing hide-and-go-seek or building a backyard fort

17. Guest bedroom

18. More storage

19. Outdoor space

20. Pantry

21. Space for a dining table big enough for guests

22. Having guests over for holidays and parties

23. Noisy neighbors

    

24. The busy restaurant/bar downstairs

25. Roommates

26. The unreliable security gate

27. Shared mail room vs. private mail box

28. Home loan financing for as little as 5% or 3.5% down

29. Landlords

30. Leasing office notifications and frustrations

31. No Trash Chute

    

32. Elevators and stairwells

33. Privacy

34. No sharing air space with neighbors who cook smelly food

35. Smokers standing around the building entrance

36. Being able to refinance as your financial goals change

37. Unannounced repairmen vs. being able to choose a repair man

38. More windows and natural light

39. Pet rent and pet fees in apartments

    

40. A front porch swing

41. Backyard oasis

42. New technologies: cameras, sound systems, and doorbells

43. Home Equity

44. a Fireplace

45. Painting the walls

    

46. Decorating and making the space your own

47. Updating

48. A place for your bicycle

49. Going green with new light bulbs and other energy efficient choices

50. Pride as a home owner

If you are ready to buy a home, we are ready to help you reach your goals. In previous blog posts we have outlined how to get started as a first time home buyer and how to make a strong offer.

Start the conversation about buying a home with our expert mortgage team today.