If you’re considering moving to Boerne, Texas, you are not alone! This incredible city, just north of San Antonio on I-10, is bursting with Hill Country beauty and charm. The whole of Texas seems to be taking notice...since 2000, Boerne’s population has grown by almost 60 percent! Needless to say, the housing market is doing quite well, and moving to Boerne has become a popular decision.
So you know you want to live in Boerne...but how do you know if you’re ready to buy a house? Home ownership is a big step, especially if you’re a first-time buyer. Below, we’ve outlined some ways to discern which is the best option for you, your family, and your lifestyle.
4 Signs You Should Rent:
1. You’re in a time of transition.
When moving to a new city or going through a time of transition, many residents prefer to rent before buying, even if just for a year. This decision allows a little more time to scope out the feel of the city, possible neighborhoods, and consider all options before jumping into such a big commitment.
2. You can’t afford to buy.
Often, the question of whether to buy or rent comes down to this simple question: Can you afford it? If you don’t feel comfortable purchasing a home in your current financial situation, renting can be a fantastic option while you save for a down payment. If you’re unsure whether buying or renting makes more sense for you financially, you can use our easy “Rent or Buy Calculator” to help estimate which is best for your budget.
3. You desire flexibility + mobility.
If your lifestyle and career path require a great deal of flexibility and mobility, you may want to consider renting. Many residents, especially younger residents with unclear career paths, may desire the flexibility to move to a new neighborhood or even a new city. If you aren’t ready to make a commitment for two years or so, we recommend going the route of renting.
4. You prefer amenities and easy upkeep.
When renting a home, you’re relatively free from the pressure of upkeep. Whether it’s yard work, roof repairs, or appliance management, your landlord or leasing office will usually take care of these hassles so you don’t have to. If you aren’t able to stay on top of the work that comes with owning a home, it may be beneficial to rent. Besides a reliable maintenance service, some apartments or condos provide partial utilities and luxury amenities.
4 Signs You Should Buy:
1. You can afford it.
More goes into affording a home than just a monthly mortgage payment. A down payment, closing costs, and mortgage insurance are just a few of the elements to factor into home ownership. Even with a low down payment, the cost of owning a home can be high! You also assume the responsibility of repairs and utilities. If you’re in a place where you feel comfortable with the cost of homeownership, we highly recommend it! Once again, if you’re unsure if renting or buying makes more sense for your wallet, use our easy “Rent or Buy Calculator” to help make more sense of all the factors.
2. You want to make an investment.
If buying a home includes large upfront costs and sizeable monthly payments, why would you bother? Answer: the long-term investment of home ownership can be invaluable. When you purchase a home, you receive tax benefits, as well as build equity and credit. If your investment appreciates, you can make a sizeable profit when you decide to sell. Considering the growth and success of the local housing market, now is an excellent time to make such an investment!
3. You’re ready for a commitment.
Usually, buying advice suggests that you plan on living in a home for at least two years after purchasing. If you’re happy in the Boerne/greater San Antonio area, buying may be a great option for you! Whether you’re starting a family or simply love the stability and consistency of owning a home, buying a home can provide a sense of commitment.
4. You want the creative license.
Across the board, both singles and families love the idea of owning their own space...and for good reason! Besides the basic financial advantages like increased equity and tax deductions, owning a house gives residents full creative license to paint, landscape, and customize their new home. You can truly make your space your own.
After reading over these general principles, you probably have a good idea of which category you fit into. But what about Boerne in particular? What types of homes are for rent and what’s for sale? Below, we’ve listed homes that cost approximately the same amount per month...one for rent, the other for sale. Keep reading to see how far your money will go in each direction!
Note: Mortgage amounts are estimated based on listing information
For Sale: 140 Dusty Corral
4 Bedrooms + 2 Bathrooms
2,824 Square Feet
For Rent: 100 Horse Hill
3 Bedrooms + 2 Bathrooms
1,523 Square Feet
For Sale: 109 Winding River
4 Bedrooms + 2 Bathrooms
2,583 Square Feet
For Rent: 7644 Mission Summit
4 Bedrooms + 3 Bathrooms
2,264 Square Feet