Stop Renting!

Homeownership is easier to obtain than most renters realize. Pros and cons of renting a house. The cost to own a home can literally be the same as putting a down payment on a brand-new car. When you purchase a new vehicle, you put several hundred or a couple thousand dollars down at the car dealership. Then the balance is financed with an auto lender. Buying a house is very similar. You put a few hundred or a couple thousand dollars down and the balance is financed with a mortgage lender and then you can own a home.

Pros and Cons of Renting a House

Many renters, do not realize for every year renting, it is another year of wasted money for them on cheating their future.

Here is what I mean by “wasted money”:

  • If your rent is $1000/month. You are paying $12,000/year to rent a space. Not only are you restricted to what you can do with the space, you must contend with noisy neighbors. And let’s not forget you are paying someone else’s mortgage.
  • If you continue renting the same place for a period of 5 years, that would equal to $60,000 in rental payments on something you do not own! No Pros to renting only cons we have seen. So why do we people need to always pose the question of pros and cons of renting a house?

own a home

 That’s a lot of money to just waste renting a space where you are restricted!

If you had owned the property, that $60,000 would have went toward your mortgage. And with the appreciation over 5 years you would have equity built up and you would own a home. This means you could sell the house for more than the current mortgage balance and pocket the difference. Imagine what you could do!

If you can afford to rent, you can afford to own a home!

This is a well-kept secret I love to share with renters. Landlords want you to always rent and never own a home. It’s a win for the property owner, because they have a nice investment after a few years. If they want to sell the house, they can and pocket the difference. All without paying the mortgage, because the renters took care of that for the last several years.

This is the reason, it is so important for renters to know they can and should own a home over renting or leasing an apartment.

I encourage renters to use their tax refund to buy into the San Antonio housing market this year. Not only will you own a home and can do as you please, you will plant a good seed for your future!

Contact me via email or call #210-850-0083 if you are looking for a Realtor to help  BUY or Sell a home in San Antonio, Windcrest or surrounding areas.

(Reply to this blog post under comments and add to the discussion. I would love to hear from renters and owners)

Thank you,


  1. Javier Martinez-Castillo December 16, 2016 at 8:29 pm - Reply

    Can I keep my mortgage the same as I am paying for rent?
    I don’t want to move my kids from the schools they are now.

    • Realtor Ray McCurty December 18, 2016 at 3:38 am - Reply

      Hi Javier,

      I appreciate your question!

      When embarking on the journey from renter to home owner the First Time Home Buying Fears are real. Many buyers think they will pay more for buying a house over renting an apartment; however this is a myth.

      A lot of first time home buyers actually end up paying less to buy. The reason being when you rent, you are paying a premium on the space you lease. When you decide to own like many new buyers your mortgage either stays equal to your previous rent or decreases slightly.

      I totally understand the concern of not wanting to switch the kids’ schools. I can complete a local property search in your current school district and from there determine which homes meet your criteria. I have access to a wealth of property information so I can make sure your move does not disrupt the schooling.

      GET IN TOUCH and let’s talk about your specific situation. 🙂

      Realtor Ray McCurty

  2. […] City of San Antonio has a housing assistance program called the Homeownership Incentive Program to help residents become homeowners. The program is one […]

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