According to the National Association of REALTORS®, first-time homebuyers (FTHBs) accounted for half of all homebuyers in the United States last year. Builders are taking note of those stats! As a result, many builders in the Houston area are adopting marketing practices targeted at the FTHB market. They are also making design changes to FTHB preferences.
Did you know that for as little as $650 a month you could own a townhome instead of renting? Some townhomes rent for $900! Compare the savings of renting vs. owning a townhome or house. There’s also a lot of savings on energy bills in newer homes vs. apartments. Most homes being built for today’s consumers are considered “Green” homes that have energy-saving features.
Many people rent because they do not want to maintain a home. Did you know that if you buy a condominium you do not have to maintain the grounds? There is little to no maintenance with a condo purchase.
Consider all of your options when renting, because there may be an alternative that could turn in to a nice investment in the future.