Why Buying Beats Renting

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At LGI Homes, our goal is to help aspiring home owners make educated decisions throughout the home buying experience; and that starts with helping people make the decision to buy a home in the first place. First-time home buyers are often confused by the homebuying process and unsure if buying a home is truly a better option than continuing to rent. The truth is, homeownership is often less expensive than renting, and it offers a wide variety of benefits that renting does not. Take a look at these facts and figures to help you determine if buying is a better choice for you.

You might like: Why Buying Beats Renting an infographic highlighting the benefits of buying versus renting

Family Unpacking in New Home

When comparing the costs and benefits associated with buying a home over renting a home, it makes more sense for most to buy.

Buying Costs Less Over Time– It’s a fact that rent rates are on the rise, and on average, are growing by about 5% per year. With rent increasing steadily, what you pay in rent today will be significantly less than what you’ll pay in just a few short years if you stay in the same rental property. It’s estimated that most homeowners pay less to own their own homes in as little as three years of owning compared to what they would pay after three years of renting.

Buying Offers Equity – Every time you send out a mortgage payment, you build equity. Every time you sign a rent check, you help your landlord build equity while acquiring nothing for yourself. Equity determines how much money you get to keep in the event you decide to sell your home, and can help contribute to a huge profit if you ever sell your home. In contrast, most renters owe money when they move out of rental properties between lost deposits and cleaning fees.

Buying Offers More Benefits – It’s undeniable that buying offers many benefits that renting simply does not. This includes complete aesthetic control of your home, better energy-efficiency, total privacy, increased health and safety and more advanced technology. You’ll never have to get permission to paint the walls or change out the fixtures when you own your own home. You’ll never have to deal with the obnoxious sounds of neighbors overhead. You’ll enjoy living in a more updated building that’s free of asbestos, lead and other hazards, and you’ll enjoy seeing a lower energy bill every month without old, outdated appliances and systems consuming an excessive amount of energy in your home.

Buying Offers Tax Benefits – You can’t write your rent off when you file taxes each April, but you can write off certain expenses associated with owning your own home. For example, you get to deduct interest paid on your mortgage, as well as your private mortgage insurance.

Buying Doesn’t Have to Cost a Fortune Upfront – Many inexperienced buyers have been misled to think that 20% is always the required downpayment needed to purchase a home. This simply isn’t true, and many first-time buyers can qualify for a downpayment as low as 3.5% – or no downpayment at all. Meanwhile, moving into a rental property is becoming increasingly more expensive, with landlords raising deposit requirements each year.

Shale Creek Grand Opening in North Fort Worth

Categories: Fort Worth, Shale Creek, Texas No Comments »
Shale Creek in North Fort Worth, TX

Shale Creek in North Fort Worth, TX
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If you’re looking for a new home in North Fort Worth, look no further than our newest neighborhood, Shale Creek! We’re thrilled to announce this brand new addition to the LGI Homes family, and we’re sure you’ll find the home of your dreams on the streets of this gorgeous master-planned community. Nestled just off 114 and Highway 81, Shale Creek offers a tranquil family-friendly atmosphere just minutes from the Texas Motor Speedway, the Alliance Town Center Corridor and the heart of the city. If you’re seeking quiet country living and a short commute, Shale Creek is the place for you!

Our Shale Creek community offers several floor plans for you to choose from, making it easy for you to find the perfect place to suit your family’s needs. You can choose from 3-, 4- and 5-bedroom models, all situated atop over-sized lots that will provide ample room for your kids and pets to roam and play. We’ve included over $15,000 in upgrades in every home at no extra cost to buyers, including top-of-the-line appliances, custom-made cabinets, granite countertops, fully-fenced backyards, utility rooms, raised six-panel doors, brushed nickel hardware and fixtures and much, much more. And with homes starting at just $739 per month, a house in the stunning Shale Creek neighborhood could cost less than renting in the Fort Worth area!

Just outside your front door you’ll find no shortage of things to do within the comfort of the community, because Shale Creek has it all. As a master-planned community, Shale Creek is rich in community features and amenities with the entire family in mind! The neighborhood has an expansive swimming pool to keep you cool in the Texas heat, as well as a children’s playground for your kiddos to meet and make friends in their new neighborhood. Additionally, the community has a fitness center and a clubhouse that’s perfect for hosting birthday parties and neighborhood get-togethers.

At LGI Homes, we always strive to build our communities in the most desirable locations available, and Shale Creek is no exception. The community offers the best of quiet country living outside of the big city, while still providing a short commute.You’ll love having the convenience of a quick drive to most anywhere you want to go – while living in a peaceful, private neighborhood! Shale Creek offers convenient access to downtown Fort Worth and the Texas Motor Speedway, and is just minutes from the Trophy Club, Keller and South Lake area where you’ll find countless shopping, dining and recreation opportunities.

If you’re ready to get out of your rental and into a home of your own, call us today to learn more about our available homes in Shale Creek! We’ll walk you through every step of the home buying process and help you find the perfect home for you. These homes are sure to sell out fast, so don’t let this once-in-a-lifetime opportunity pass you by! Contact a sales representative today at (855) 441-6400.