Are you evaluating the rent vs buy decision? Denton Texas is a great place to buy or rent a home. You can find affordable housing for purchase, as well as a number of options for single family leases. Denton Texas also has several apartment developments around the University of North Texas. To help you with your Denton, Texas rent vs buy decision here are some calculations for housing costs in the Denton area.
Note! NAR, Trulia and other third party aggregator sites often publish rent vs buy calculations using what is often flawed methodology. It’s important to take any rent-vs-buy study with a grain of salt, particularly if you can’t see all of the underlying assumptions or methodology used to calculate the numbers. Many real estate industry websites can make buying a home look more affordable than it really is. I would encourage any prospective home buyer or renter to do their own research and crunch the numbers, paying particular attention to the property tax obligations for local homes. While Texas does not have a state income tax, we do have property tax rates which are more than double the national average.
Real estate is always local, so it pays to do your own research and decide what’s best for you and your budget. If you have a good down payment and solid credit you will probably be better off purchasing a Denton, Texas home rather than renting. The rent vs buy decision is not always as easy as some people make it seem. It often boils down to personal choice. To see what’s available in the local Denton Texas market call or email today.