Buying a luxury home on a sprawling lot in San Antonio is the epitome of the American dream. Of course, the beautiful homes in exclusive communities like Cordillera Ranch and Olmos Park also come with a pretty price tag.
But what if you didn’t have to buy that dream house to enjoy the luxurious lifestyle?
Benefits of Upscale House Rentals in San Antonio
The market for house rentals in San Antonio includes large, luxury homes that fit the needs and budgets of short-term or long-term residents. Other than the obvious difference in down-payment vs. safety deposit, some perks of renting over buying include:
There is a wide range of features and benefits associated with renting luxury real estate in the San Antonio area, including:
If you anticipate moving within the next few years due to work or family circumstances, it may not pay to buy a home. In addition to a substantial down payment, selling after a short time can be difficult, costly, and downright stressful.
A short-term lease on a luxury home gives you the opportunity to live comfortably without the commitment of owning the home for the foreseeable future.
No Upkeep Costs
Aside from the obvious cost of actually buying a home, there are a slew of “hidden fees” in owning property, such as:
Plumbing, electrical, and HVAC upkeep
Replacing outdated or malfunctioning appliances
Repairing any and all damage
Lawn & yard maintenance
HOA or neighborhood fees
Even if you can handle some of these repairs or maintenance yourself, that’s still time wasted fixing your home up instead of simply enjoying it. When you rent a home, the property management company will keep your home up and running at no cost to you.
Get a Great Deal on a Great Place
Houses are expensive to maintain, meaning that the property owner will always want tenants to help offset the cost. If a home has been empty for a few months, your real estate agent may be able to snag you a great deal just to have the property occupied.
Plus, with the money you’re saving by paying rent over mortgages, you can save up to invest in the things you really want to purchase.
Countering Overpriced Housing Market
Playing in the housing market is a dangerous game. While a luxury home may seem like a good investment one week, the property value can plummet unexpectedly at any time.
When things are not going well in the industry, it may be best to wait it out in a fabulous rental rather than risk the consequences of buying a home that will decrease sharply in value.
San Antonio Houses for Rent to Own
Rent goes to both the monthly rental charges and contributions to down payment to purchase the home. Leases for rent-to-own homes include the option or mandate to buy the home after a certain amount of time has elapsed.
Benefits of Rental Homes in San Antonio
To recap, the benefits of renting a home over buying include:
No down payment
No real estate taxes
No repair bills or maintenance costs
No homeowners association fees
Broader location choices
Not affected by property value fluctuations
Flexibility to move without high costs or hassle
Monthly costs are fixed
Insurance is less expensive
The bottom line is that when you are renting a home instead of buying it, you are not ultimately responsible for the finances or upkeep of the property. You get to enjoy all the advantages of living in your dream home without paying the price.