Frequently Asked

What costs do renters avoid that homeowners have to pay?

Buyer GuideBy Laurel Seymour

Quick Answer

Renters avoid property taxes, homeowners insurance, maintenance and repair costs (commonly budgeted at 1-2% of home value annually), HOA dues where applicable, and the upfront costs of a down payment and closing costs. These are the costs most often left out when people compare a rent payment directly to a mortgage payment.

Portrait of Laurel Seymour, founder of Seymour Realty Group

Laurel Seymour

Austin Realtor · TX License #617201 · About Laurel

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