Why Should You Buy Instead of Rent?

If you’ve been renting an apartment or a home for a while, you may think that it’s not worth it to buy. While you dream of one day owning a home for you and your family, the process seems complicated, and you hesitate at the expense. But part of you knows that one day it would be smart to buy a home rather than throw away your money on rent month after month.

If you’re looking for a real estate broker in Alpine, TX, then Carpenter Real Estate can help. We’ve been in business for three generations, guiding first-time homebuyers toward properties that are perfect for their needs and budget. Let’s take a look at all the advantages of buying over renting:

  • Financial benefits: Perhaps the number one reason to buy a home instead of rent is all the financial benefits that come along with it. Think about it this way: By investing in a home that appreciates in value, you’re investing in your future. One day you’ll be able to sell the home and, hopefully, you’ll be able to sell it for more than you paid for it in the first place, as property usually appreciates in value. Paying your mortgage every month means you’re building home equity, too, which improves your credit-worthiness.
  • Fixed costs: Landlords can hike your rent whenever they want without any real reason. You could be paying more next year than you are right now. But a mortgage is usually a fixed cost. You’ll pay the same each month over the course of a fixed-rate mortgage.
  • Freedom to alter property: Have you always wanted to paint an accent wall? Maybe you want to hang artwork around the house. Landlords won’t look favorably on this, and often don’t even allow pets. But when the property is yours, you can feel free to go nuts and do whatever you want. After all, it’s yours!
  • Tax breaks: Did you know that homeowners can deduct mortgage interest and property taxes? That’s right—you can lower your tax burden by purchasing a home. This is an important thing to factor in when you’re considering the buying vs. renting decision.

Do you need to work with a helpful and experienced real estate broker in Alpine, TX? Then you’ve come to the right place. Carpenter Real Estate is here to lend everyone in the region a hand, from Marathon to Fort Davis. We have a deep understanding and familiarity with how best to negotiate the real estate market in this little corner of West Texas (or as we lovingly refer to it, “The Alps of West Texas”).

You’ll benefit from our firsthand knowledge that our company has built over the five decades we’ve been in business. No matter if you’re looking for a starter home or a ranch with plenty of acreage, we’re here to provide expert guidance. Call us right now to learn more and receive a free consultation. We look forward to helping you find the perfect property!