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With the cost of rent shooting up across Austin but mortgage rates remaining low, more renters are beginning to consider the benefits of homeownership. And it isn’t hard to understand why: homeownership comes with a multitude of advantages, from lifestyle benefits that include stability and the option to customize your home; to financial merits that include the opportunity to build personal equity and enjoy fixed insurance rates. No matter what stage of life you’re in, investing in a home remains one of the best decisions you can make for yourself and your family.

At Empire, we pride ourselves on making your dream of homeownership possible. There are a few reasons why buying a home could be the right choice for you, and we’ve made note of them below.

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Get Ahead of Inflation

Rental prices tend to go up annually with inflation, meaning a 3 to 5 percent yearly increase that can quickly add up to hundreds of dollars more that you’ll be paying monthly at the mercy of the changing market. With today’s historically low mortgage rates, many homebuyers can enjoy the stability of knowing that their fixed monthly payments will statistically be lower than rent for the duration of the term. This means you can plan out your home buying budget while still leaving room for the things you love, like travel, entertainment and fitness.

Pay Yourself

Sometimes renting can feel like throwing money away each month, since you’re typically financing someone else’s investment and missing out on an opportunity to build equity for yourself. Historically, buying a home has been part of the ladder to generating personal wealth. With your monthly mortgage payments as a forced savings, homeownership translates into a good long term investment with tax benefits, too, for anyone planning to call Austin home for the foreseeable future.

Top Reasons to Own in Kyleimage_block-block_5fd7a2fb6d81f

Plant Your Roots

The ability to plant your roots and make a house your home is perhaps one of the best reasons to become a homeowner. When the place is all yours, you’re free to make every choice and decision from selecting the neighborhood, to the floor plan, to the interior design finishes. There really is something to be said about that feeling of owning a brand new place where you can build a life and make memories for years to come.

Tax Benefits

While taxes are a necessary evil, one of the greatest benefits to owning a home are the tax benefits it provides. Owning a home can actually reduce your federal income taxes by thousands of dollars a year, depending on your income and the size of your mortgage. As a homeowner, you’ll have the option to deduct monthly interest from your tax returns, as well as deduct mortgage insurance payments and other home-related purchases.

If you’re thinking of making the leap into homeownership in Austin, now’s the time. Discover how you can own at Plum Creek in Kyle for just $1,858 a month and have quick access to neighborhood amenities and nearby attractions.


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