Renting Versus Buying
A great many people looking for rental properties are under the impression that they can't afford to buy a house. The fact is, it costs about as much to lease a house as it does to make the payments on a house of your own! Others think that their credit is not good enough to get a loan. Take heart! Lending institutions are working harder and harder all the time to find ways to help people get the home loans they need. You may think that you don't have enough for the down payment and closing costs. Special loans, gift programs, and seller contributions can make it possible to buy a home with little or no money out of your pocket! You truly owe it to yourself the let me help you explore your options before you settle for less than you really want. That being said, let's look at the pro's and con's of renting a house or apartment:

Renting Pro's:
Short time commitment (6-12 months)
Lower maintenance responsibilities
Ameneties (pool, exercise room, play areas, etc.)

Renting Con's:
A renter builds no equity
No tax advantages
Lower privacy
Limited decorating options

And the pro's and con's of buying:

Buying Pro's:
Buyer builds equity
Interest payments tax-deductible
Greater privacy
Freedom to decorate as you choose
A place to call your own

Buying Con's:
Longer term commitment
Higher maintenance responsibilities

In weighing these options, I would offer the following; If you are planning to move in less than three to five years, you may find it difficult to recoup your closing costs (unless the seller or your emplyer has agreed to pay them). Take a careful look at your lifestyle and determine which option suits you best. If you would like some personal guidance in determining whether you should rent or buy, just call me at 817-416-2635, or drop me an e-mail at bruce@bohomes.com. Whatever your needs, I stand ready to help!