Renting vs. Buying in Louisiana: What's the Smarter Move in 2025? | RE: Real Estate
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
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by:
Clint Galliano
Music by:
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
