Renting vs. Buying

When deciding on a new home you have a variety of options. What is a good size, what is the ideal location, what is my budget and most importantly, should I rent or should I buy? Making the decision between renting and buying is not an easy one. There are pros and cons for each option, and it’s a decision to take seriously because of the amount of money involved. Let’s talk about some of those pros and cons to help you decide what’s right for you.


One of the biggest factors that comes into play when discussing renting versus buying is the cost. At the end of the day you could end up with a mortgage that’s the same price as your rent. However you have to consider all the additional costs that go into buying. When you buy you need a large chunk of change upfront for your down payment. When renting you will need to pay things like deposits and move in fees but the upfront cost is much less. 


One of the great things about home ownership is it’s all yours! However that can also be a downside. When something breaks in a home you own it’s your responsibility to find a trusted professional and get it fixed. Home repairs can come with a lot of headache, cost and anxiety. When you are renting, the majority of repairs are going to be covered by the company you lease from and they have professional repairmen onsite. We have repairmen on-call after hours for any emergencies you may have.


When you buy a home you buy the building, the land and whatever is on it. You aren’t getting much else besides that. If you want extra amenities like a gym or a pool you have to go out and find one and then pay a membership fee. When you rent you are a part of a community that comes with all those things and more built right into the cost of your rent. 


When you look to buy a house there’s no guarantee you’ll live there forever but you should be prepared to at least stay five years. However, not everyone knows what life will look like in five years. You may need more space or to be closer to work, and with a house you are kind of stuck with your choice. When you rent you have the option to change your situation every time your lease is up. Need an extra bedroom? Move into a larger unit. Moving to a new area? When your lease is up you’re free to move on no need to deal with the hassle of selling a home. When renting a home, your neighbors go through the exact same screening process as you do. However, with buying a home, the screening process can vary depending on who’s selling the home.

At the end of the day we all want a nice place to call home and maybe that’s a rental or maybe that means purchasing a home. If renting is in the cards for you we would love to make South Pointe Apartment and Homes your new home with our beautiful rental apartments and houses. Give us a call today and see what we have to offer.

What Our Residents Have To Say

My boyfriend and I applied for a South Pointe home in the Summer of 2020. Turns out, someone applied for the same house about 30 minutes ahead of us! Sarah and the office staff were very helpful, and processed our application and put it down on the next available house. Me and my boyfriend LOVE the house we live in. We have lived here since August, and have not had a single issue. The houses and neighborhood are both really quiet and kept so clean! I love not having to cut my own grass! They are also pet friendly (which is hard to find). They even plan fun and safe events for neighbors to come together (while practicing social distancing), and enjoy the neighborhood. I can’t wait for it to warm back up so we can enjoy the pool and other great things offered while living here. We plan to stay here for quite some time!

Brelyn James
South Pointe Resident, Google Review

I promised my roommate if we made it through hurricane Sally and got everything back to normal, I’d 5-star this place. The constant updates when there was news, the free meals, and quick clean up . Really this would have been a nightmare without this team. I will never forget their kindness.

Tiger Waffle
South Pointe Resident, Google Review

Moved to Foley about 7 months ago and decided to lease a house at South Point Apartments & Homes. My husband and I couldn’t be happier with our choice. The office staff and maintenance crew are excellent! The location is WONDERFUL! Far enough from the beach to escape that traffic yet just a 15 – 20 minute drive when the ocean ” calls “.After owning for most of our life it’s wonderful to not have any upkeep or yard maintenance as it’s all provided. The saltwater pool, nice clubhouse, dog park and wooded areas all provide nice amenities that are well cared for.

Kate Upchurch
South Pointe Resident, Google Review

I have lived here at South Pointe apartments for almost 3 years. It is the best community and apartment complex I have ever lived in. Not only is it quiet, you are surrounded by trees and other beautiful landscapes. Maintenance is friendly, quick and I trust them to be in my place when I am not. The office is courteous and very helpful (they also love to spoil your pups with treats anytime they see them!) I’m very excited to renew my lease for the fourth time since moving to the area. You won’t find the charm and seclusion in any other complex in Foley.

Janelle Schocke
South Pointe Resident, Google Review

I am beyond impressed with my experience living in the South Pointe Apartment Home community! The ladies in the office go above and beyond in making sure tenants are comfortable and satisfied with their homes. The genuine care and understanding of the staff is something I have never experienced while living in previous apartments. Not to mention the exceptionally well-kept property; from the luscious green grass and the beautiful trees that create the perfect amount of sunshine and shade. The community amenities are spectacular as well; the olympic size saltwater pool, the grassy green fenced in dog park, multiple sidewalks, the well-kept fitness center and even a community garden. To top it off, all the neighbors I have met have been extremely friendly and kind, which is just icing on the cake. South Pointe Apartments stand apart from other apartments in the area; from the beautiful landscape and calm serenity, to the superb amenities and the friendly, caring staff always willing to help. I recommend South Pointe Apartments to anyone looking for a place that they can truly call home.

South Pointe Resident, Google Review