Episode 71: The Leasing Market in Austin
Anita Spadaro with Realty Executives joins the show to discuss the Austin leasing market, rental rates, and more. Listen to the podcast or read more below!
What's the leasing market in Austin doing right now?
"It's still going up," Anita says. "A lot of people are moving to Austin and wanting to lease before they buy a home, which I understand. Austin is still booming! But sometimes people are in an apartment and want to move to a house and see what it's like to be in a house before buying it."
"Let's just say you lease for five years and pay $1500 for rent," John says. "Multiply that times 12 payments by five years, that's $90,000 in rent payments they've made. If you instead buy the home for the same monthly payment, you could have been earning equity and saving money that whole time!"
If you're thinking about leasing a home long-term, advice from both our mortgage brokers and realtor Anita Spadara would be to think about purchasing instead!
Anita also took time to discuss the value of Veteran Loans in Georgetown, Texas - did you know that Georgetown is just as close to Fort Hood as Temple? Active military residents and veterans can find plenty of benefit in a VA home loan.
If you are looking to buy or sell a home, please contact Anita Spadaro at firstname.lastname@example.org or give her a call at 512-771-1443!