If you’re currently living in Augusta, Georgia, or considering making the move, one of the biggest questions on your mind might be: Should I rent, or is it time to buy a home?
Whether you’re a military veteran stationed at Fort Eisenhower (formerly Fort Gordon), a young professional starting out, or a family looking to put down roots, the decision to rent or buy has long-term implications. Let’s explore both sides of the equation in a way that feels less like a finance class and more like a good conversation over sweet tea on the front porch.
Why Renting Might Seem Appealing
There’s no doubt that renting has its perks, especially if you love the idea of picking up and going without worrying about selling a house. Here are some reasons people stick with renting:
- Flexibility: Renting is great for those who anticipate job changes, are new to Augusta, or simply don’t want to commit to one neighborhood just yet.
- Lower Upfront Costs: Renters generally avoid the hefty down payments, closing costs, and maintenance expenses that come with homeownership.
- Fewer Responsibilities: Got a leaky faucet or broken A/C? That’s your landlord’s problem, not yours.
- Short-Term Plans: If you know you’re only staying in the area for a year or two, renting might make more sense than buying.
But while renting gives you room to breathe, it may not be the most financially sound choice in the long run—especially in Augusta.
Why Buying in Augusta Makes Sense
Let’s look at the other side. Buying a home in Augusta isn’t just about having a place to call your own—it’s about planting roots and building wealth.
Here’s why homeownership might be the better move:
- Build Equity: Every mortgage payment gets you closer to owning your home outright. Instead of helping your landlord build their financial future, you’re building your own.
- Stable Monthly Payments: With a fixed-rate mortgage, your monthly housing cost stays predictable, while rent can increase year after year.
- Tax Benefits: Homeowners may qualify for deductions on mortgage interest, property taxes, and more.
- Augusta’s Affordability: With some of the lowest property taxes in the country and relatively affordable home prices, Augusta is a budget-friendly place to buy.
- Low Interest Rates: Although interest rates can vary, even moderate rates still make owning more accessible than in many other markets.
And here’s the kicker: A $1,200 monthly rent payment could easily translate into a mortgage payment for a starter home. Except now, instead of that money disappearing each month, it’s going toward something you actually own.
Real Talk: The Numbers Behind Rent vs. Buy in Augusta
Let’s break it down with an example.
Imagine you’re paying $1,200 per month in rent. Over the course of five years, that’s $72,000—money you’ll never see again.
Now imagine taking that same $1,200 and applying it to a mortgage. With interest rates hovering around 6% and a decent credit score, you could finance a $180,000 home. Over time, your home would likely appreciate in value, giving you a valuable asset that could be worth far more down the line.
And don’t forget: Augusta’s average home price is still well below the national average, making it a smart place to buy without stretching yourself thin.
Try our Rent vs. Buy calculator to see your personalized results and what makes the most sense based on your income, rent, and goals.
Life Stories: From Renting to Owning in Augusta
Let’s get out of the numbers for a moment and talk about real people—neighbors who made the leap from renting to owning.
Casey and Marcus, a young couple who both served in the military, were tired of moving every few years. When they relocated to Augusta, they realized buying made more sense than continuing the rent cycle. With a VA loan, they secured a home with zero down payment and now enjoy a backyard for their kids and dogs to play in.
Janice, a federal retiree, had rented for most of her adult life. She never thought homeownership was in the cards until she met with a local housing advocate. A year later, she signed the paperwork on a two-bedroom bungalow she loves. “I wish I’d done it sooner,” she says.
Tyrone, a single dad and first-generation homeowner, used down payment assistance to purchase his first home. He now teaches his teenage son the value of owning something that truly belongs to you.
How VA Loans Can Make Homeownership Easier
For military families and veterans, VA loans are one of the best-kept secrets when it comes to buying a home. If you qualify, you can:
- Purchase with no down payment
- Skip private mortgage insurance (PMI)
- Secure competitive interest rates
And the process isn’t as intimidating as it seems—especially when you have a trusted real estate guide in your corner who understands your journey and has walked in those same boots.
Making the Decision: Questions to Ask Yourself
So how do you know what’s right for you?
Ask yourself:
- How long do I plan to stay in Augusta?
- Can I afford a down payment, or do I qualify for down payment assistance?
- Am I ready to take on maintenance and repairs?
- What are my long-term financial goals?
If you’re unsure, don’t stress. That’s exactly what tools like our Rent vs. Buy calculator and consultations are for. You don’t have to figure it out alone.
Let’s Talk It Out
Everyone’s path is different. Some folks are ready to buy right now, while others may need to rent a bit longer before jumping in. And that’s okay.
The most important thing is knowing your options and making an informed decision that’s right for your life.
If you’re curious about what buying could look like for you—especially if you’re a veteran, first-time buyer, or retiree in the Augusta area—reach out for a friendly, no-pressure chat. I’ll walk you through the process, connect you with lenders, and answer all your questions.
Remember, renting might be convenient, but owning is powerful. And in a place like Augusta, that power is within reach.
Next Steps
- Try the Rent vs. Buy calculator and crunch your own numbers.
- Download our free VA Loan Guide or First-Time Homebuyer Checklist.
- Schedule a call with a local housing expert who understands your journey.
Whether you’re team rent or team buy, you deserve to live in a home that supports your dreams. Let’s find out what that looks like together.
Your Future Starts at Home.
Ready when you are.
Dr. Olivia Scott
Licensed REALTOR – Georgia & South Carolina
Veteran | Educator | Advocate for Military Homeownership
Augusta, GA & Surrounding Areas