realestate

Weighing the Benefits and Drawbacks of Renting vs. Buying in Houston

Houston realtor navigates rent vs. buy decision, balancing flexibility and cost with ownership benefits.

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Houston real estate expert is guiding residents through the rent vs. buy dilemma, weighing flexibility and affordability against long-term financial benefits.

    Dalila V. Pulido, a Realty Associates agent, notes that renting offers short-term advantages, including lower upfront costs and minimal maintenance responsibilities. However, renters miss out on building equity and long-term wealth through ownership.

    Pulido highlights the benefits of homeownership, including pride of ownership, tax incentives, and equity buildup. But she also emphasizes the importance of adequate insurance coverage to mitigate unexpected expenses.

    Homeownership comes with a long-term commitment, Pulido stresses, and public schools can impact home prices in the area. As National Homeownership Month continues, KHOU 11 is providing updates on local trends and affordable housing options.

Houston residents weighing pros and cons of renting versus buying homes.