Renting vs. Buying
If you're about to lease a condo, duplex or house, you may want to consider buying instead. A large percentage of the properties around the university area are owned by current and former college students and/or their parents. Most purchased property while attending school and then held onto the property for rental income after graduation.
Think of all the money that goes toward rent every month. What do you have to show for it at the end of the year? Interest rates are still low and in the current buyer's market, it's a favorable time to invest. Get you roommates to help pay for your mortgage and you'll save money in the short-term while building equity in a first real estate asset in the long term. Many Austin home values have more than doubled over the last five years, so by the time you're out of school, that investment could be a nice nest egg (think, more real estate, a summer in Europe, a year of backpacking or a boat for weekends on the lake). If this sounds appealing, we're here to guide you through the entire process.
Expertise, service, integrity and passion, call Carvajal Group today at 512.419.7770 and let us exceed your expectations.