Are you paying a ton on rent? Do you plan on sticking around Austin for a while? Do you have a stable job? Then the answer is easy. You probably can and should buy. I’ll tell you why. You should be putting your money into your own home, not into something you rent temporarily! If you live in Austin, you’re paying too much in rent each month and throwing away hard earned cash. Unless you live with a couple of roommates and get creative, odds are, your monthly mortgage payment will be less or about the same as what you pay in rent. With a stable job, loan approval will be easier to obtain, and that’s half the battle.
Before you start looking at houses, evaluate your personal and financial situation. Not everyone reading this needs to buy a property. Depending on your financial and personal situation and how you intend to create a better lifestyle for yourself and your loved ones. Everyone wants homeownership for different reasons. Personally, I noticed that the people I considered successful owned at least one property, and I wanted to find out the reasons why.
