Homeownership is not for everyone, and you should do what makes financial sense for you. If you’ve found yourself in a rent versus buy struggle then here are a few questions to help you in the decision making process.
1. Do you have a hard time saving money?
If you are not ready to write the big fat down payment check then chances are you are not ready for homeownership. There are a lot of costs associated with buying a house and therefore you must be financially prepared. An apartment security deposit can be more affordable than a down payment on a house.
2. Does your life needs flexibility?
If you are not sure about the location of your job or what’s next for your future, then it might be a sign to stay clear of buying right now. Buying a house is a long term commitment, while renting has fewer strings attached.
3. Do you have shaky credit?
You need to be able to qualify for a home mortgage if you are buying a house. While it might be difficult to rent an apartment with bad credit, it isn't impossible. A licensed apartment locator can guide you and make the process as smooth as possible.
4. Do you need a hassle-free life?
If you do not like to deal with maintenance then homeownership might not be for you. In an apartment the landlord takes care of any repairs, but with homeownership comes a lot of responsibilities.
Whether you are interested in renting or buying a home our agents can help. San Antonio Apartments Now is knowledgeable with the tools needed to help you find the perfect place to live in San Antonio – whether buying a house or renting an apartment!