How to live in Lubbock: Why you need to live where you want
Lubbocks own apartments are no longer the only option.
In the last year, apartments have been increasing in price at a faster pace than homes.
So it’s time to get out of the housing game, said Mark DeBoer, a real estate agent who has lived in the Lubboc area for 40 years.
If you want to be more financially secure, you should be living on your own property, said DeBoers, who owns the Londons Downtown Real Estate Agency.
You don’t have to live anywhere near a gas station, a convenience store or grocery store.
But if you want the convenience of driving to work or shopping in your car, you want your own.
DeBoors advice to people in the area is to rent and buy.
Renting or buying is a great way to save money and save your property, he said.
You can still save money on your taxes if you have a mortgage, he added.
Lubbos rents from private landlords, but that doesn’t mean you can’t save money.
For example, there are many people who have their own apartments that they rent out for a few months a year.
It’s more cost effective than having to rent from someone, said Matt Meehan, a Lubbocker resident and owner of the real estate brokerage The Lubboco Real Estate Association.
He said you can buy a single-family home, a rental home or an apartment and save on the cost of buying.
You also can save money renting out your house, he noted.
But you need a mortgage and you’ll likely have to wait a few years before your monthly rent starts going up.
The real estate market in Linn County has been heating up lately, and it’s not a bad time to buy, said Meehs.
You may not want to sell now, but you may want to when the market recovers, he predicted.
Deboers advice is to move up in your life and make sure you have enough money to live on your property for the rest of your life.
If that means moving to a different city, renting out a condo or buying a home, you can do that.
LinnCoast News and Weather reporter Katie McQuinn contributed to this report.