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Warm series

Renting vs. owning: what's not on the bill

By Travis Wright, REALTOR®, with eXp Realty

Rent and a mortgage payment are easy to compare. It's everything else that people forget.

Talk it through

Tell me where you are in the rent-versus-buy decision and I'll help you think it through. Or reply with the word CHAT. No pressure either way.

The quick tip
  • Renting gives you flexibility; owning gives you control.

  • Neither one is better. Each gives you something besides a place to sleep.

  • Ask which one fits the next few years of your life, not just the next few months.

Transcript

Rent and a mortgage payment are easy to compare. It's everything else on the page that people forget.

Travis Wright here, with eXp Realty. Neither one is better. Each gives you something besides a place to sleep.

Renting gives you flexibility. If your job changes, you can usually leave when the lease ends. And when something breaks, it's somebody else's phone call.

Owning gives you control. You can paint the walls, plant the garden, and stay as long as you like, without wondering what the next renewal letter says. The loan part of your payment can stay steady too, while rent can change every time the lease comes up.

So ask which one fits the next few years of your life, not just the next few months.

If you'd like to talk it through, just reply with the word CHAT. No pressure either way.

Travis Wright, REALTOR® with eXp Realty

Travis Wright with eXp Realty

I help buyers and sellers in Lawton and the surrounding area with straight answers, honest price ranges, and zero pressure. Ask me anything. Seriously, I like questions.

OK License #206164 · 1146 NW Cache Rd, Lawton, OK 73507

FAQ

Frequently Asked Questions

Is renting or owning better?

Neither one is better. Each gives you something besides a place to sleep. Renting gives you flexibility, while owning gives you control.

What does renting give you?

Renting gives you flexibility. If your job changes, you can usually leave when the lease ends, and when something breaks, it's somebody else's phone call.

What does owning give you?

Owning gives you control. You can paint the walls, plant the garden, and stay as long as you like, and the loan part of your payment can stay steady while rent can change at renewal.

How should I decide between renting and owning?

Ask which one fits the next few years of your life, not just the next few months.

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