Ep. 47 - Rent vs Buy, Pt. II

Keywords

real estate, home ownership, buying vs renting, flood insurance, rental market, home insurance, property values, housing market, Louisiana real estate, insurance costs

Summary

In this episode of the RE Real Estate Podcast, hosts Clint C. Galliano and Ben Harang discuss the nuances of home ownership, focusing on the true costs associated with buying versus renting. They explore the impact of flood zones on property values, the current rental market trends, and the hidden costs of home ownership, including insurance challenges. The conversation emphasizes the importance of being informed about these factors when making real estate decisions.

Takeaways

·         Buying is generally considered better than renting.

·         Thibodeau and Houma have distinct real estate markets.

·         Understanding flood zones is crucial for property buyers.

·         Rent prices are increasing, reflecting insurance costs.

·         Homeownership provides more control over living conditions.

·         Flood insurance is a significant hidden cost for homeowners.

·         Hurricane deductibles are becoming more complex.

·         It's essential to know the true monthly costs of homeownership.

·         Cute houses may sell quickly, but costs can be misleading.

·         Being informed leads to better real estate decisions.

Sound bites

"Buying is better than renting."

"Flood insurance is a hidden cost."

"Hurricane deductibles are changing."

Chapters

00:00 Introduction to Buying vs. Renting

02:31 Understanding the Real Estate Market in Homer and Thibodaux

05:08 The Impact of Flood Zones on Home Ownership

07:54 Rental Market Trends and Costs

10:48 Hidden Costs of Home Ownership

13:13 Insurance Costs and Their Implications

15:48 Navigating Hurricane Deductibles

18:43 True Monthly Costs of Home Ownership vs. Renting

21:20 Final Thoughts on Home Ownership and Renting

Hosts 

Ben Harang, REALTOR® La. 

License #: 36589 

Keller Williams Realty Bayou Partners 

Mobile: 985.859.2500 

Office: 985.262.4400 

ben@benharang.com

benharang.com 

Clint C. Galliano, REALTOR® 

La. License #: 995704723 

Keller Williams Realty Bayou Partners 

Mobile: 985.647.4479 

Office: 985.262.4400 

clint.galliano@kw.com

clintcgallianorealtor.com 

Produced by: 

Clint Galliano 

Music by: 

Wiggins Studios

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