Buyers

Renting vs. Buying in Fort Worth

There are a lot of different factors that come into play when you're deciding whether or not to buy a home. You have to take into account your finances, your credit history, and how long you plan on staying in a particular area. Renting affords a tenant flexibility. If you need to move for work or school, you can end your lease with little consequence. However, if you own your home you're a little more tied to the area.

Although renting gives you flexibility, there are so many more benefits to owning your home! Use this page as your guide to answering the age-old question "Is it better to rent or buy?" Have any questions about buying a home in Fort Worth? Please don't hesitate to give us a call.

Renting vs. Buying: A Quick Look

Below, you'll find some of the most common pros and cons to renting and buying a home in Fort Worth.

Renting

Pros

  • Flexibility to move or end your lease
  • Not responsible for repairs or maintenance

Cons

  • Spending money on rent that doesn't build wealth
  • Monthly rent can increase at almost any time

Buying

Pros

  • Building wealth over time by paying your mortgage
  • There are tax benefits to owning a home
  • If your home appreciates in value, that's a greater return on your investment
  • Once your home is fully paid off, it's completely yours

Cons

  • Homeownership may have additional costs and fees
  • You're responsible for home repairs and maintenance

First Time Home Buyer?

Buying a home for the first time is a rewarding – yet challenging — journey! We want to help streamline your home-buying process in any way we can. That's why we offer a host of complimentary home-buying tools, as well as a guide custom designed for first time home buyers.

Have any additional questions about buying your first home? Please reach out to us today. In the meantime, take a look at some of our free real estate resources below.

Begin Your Home Search Today

Streamline Your Real Estate Journey

If you're about to embark on your first home-buying journey, congratulations! This is an exciting time for so many reasons. Allow us to leverage our unique Fort Worth real estate expertise to help in any way we can. Simply give us a call or send us a message below to get started.

Get in Touch

By giving us your phone number and email address, you are giving Julie Wilkins permission to contact you via email or phone.