El Paso’s housing market is evolving, offering exciting opportunities for both home buyers and renters. Whether you’re an active-duty military member, a growing family, or someone looking to downsize, deciding between buying and renting a home is significant.
At Campo Del Sol, a master-planned community in North El Paso and conveniently located near Fort Bliss, both options are available, each with its own advantages. Let’s explore the benefits of renting and buying in this thriving community, helping you make an informed decision that best suits your lifestyle and financial goals.
Who’s Looking at Renting or Buying a House in El Paso?
Before diving into the specifics of renting versus buying, let’s take a closer look at who might be weighing the options of buying a house in El Paso versus El Paso home rental:
- Growing families
- Pet owners
- 55+ and retired individuals
- Military service members
- Anyone needing more space
Benefits of El Paso Homes for Rent at Campo Del Sol
Renting a home in a El Paso master-planned community like Campo Del Sol offers numerous advantages:
- Higher quality living experience: New construction homes provide modern amenities and finishes.
- Luxury features: Enjoy new appliances and contemporary designs without the long-term commitment.
- Low maintenance: Most maintenance issues are handled by the property management, saving you time and money.
- Flexibility: Ideal for those uncertain about their long-term plans in El Paso.
- Private and secure neighborhood: Enjoy the safety features of a planned community.
- No property taxes: Avoid the additional expense of annual property taxes.
- Spacious living: Unlike many apartments, the El Paso homes for rent in Campo Del Sol offer ample space for families, pets, and hobbies.
- Resort-style amenities: Access to community features like pools, trails, and parks without the responsibility of upkeep.
Benefits of Buying a New House in El Paso
For those looking to put down roots in the Sun City, buying a home at Campo Del Sol has its own set of advantages:
- Build equity: Each mortgage payment brings you closer to full ownership.
- Tax benefits: Potential mortgage interest and property tax deductions on federal income taxes.
- Potential appreciation: The 2024 property tax assessment in El Paso County from the El Paso Central Appraisal District showed that home values increased by 11.4%. Meanwhile, the Greater El Paso Association of Realtors reported an increase in home sales by 10.4% from January 2023 to January 2024.
- Customization options: Buying a house means you can personalize it to your preferences. Campo del Sol builders offer optional upgrades and you can remodel your home’s interior to match the latest design trends.
- Long-term investment: Your property can become a valuable rental asset even if you relocate.
- Stability: Enjoy the security of fixed mortgage payments in a rising rent market.
- Community involvement: Owning a home means putting down roots. Campo del Sol offers a schedule of events and activities that help residents get to know each other helping homeowners develop a strong sense of community connection.
The Rent vs. Buy Decision: Factors to Consider
When weighing your options, consider these key factors:
- Length of stay: Renting might be more economical if you plan to be in El Paso for less than 3-5 years.
- Financial readiness: Buying requires a down payment and closing costs, while renting typically involves a security deposit and the first month’s rent.
- Maintenance responsibility: Renters enjoy hassle-free living, while homeowners have more control but also more responsibility.
- Investment perspective: Do you view housing as an expense (favoring renting) or an investment (favoring buying)?
- El Paso’s affordable cost of living: The city’s housing costs are relatively low compared to other Texas metros, making homeownership more attainable.
- Property taxes: Homeowners are responsible for property taxes, while renters are not directly impacted.
- Market trends: El Paso’s appreciation of home values could benefit buyers in the long run.
Campo Del Sol: A Community for Both Renters and Buyers
Regardless of whether you opt for home rental, or decide on buying a house in El Paso, Campo Del Sol offers an exceptional living experience. The community features diverse options from renowned home builders like Edwards Homes, Tropicana Homes, Classic American Homes, and Desert View Homes. Those not yet ready to buy can opt for a 3- or 4-bedroom house for rent from TerraLane Communities.
The community’s amenities are a major draw for both renters and buyers. A 4.5-acre amenity center, lazy river, pools, and extensive trail systems provide resort-style living right at home. Regular events and activities foster a strong sense of community among residents, creating a welcoming atmosphere for all.
Campo Del Sol’s convenient location near Fort Bliss and easy access to El Paso’s attractions make it an ideal choice for military families and civilians alike. Outdoor enthusiasts will appreciate the community’s focus on green spaces, with over 130 acres of parks and open spaces planned. The nearby Franklin Mountains State Park offers additional hiking and outdoor recreation opportunities.
Making Your Decision
Whether you’re considering an El Paso home rental or looking at homes for sale, Campo Del Sol offers attractive options for both. For military families facing uncertainty about their length of stay, renting provides flexibility without sacrificing quality of life. On the other hand, the potential for home appreciation and the ability to build equity make buying a house in El Paso an appealing long-term investment.
Ultimately, the choice between renting and buying at Campo Del Sol depends on your personal circumstances, financial goals, and lifestyle preferences. Both options provide access to a vibrant, amenity-rich community that is setting new standards for master-planned living in El Paso.
We invite you to explore Campo Del Sol further, whether you’re interested in a 3-bedroom house for rent in El Paso or a spacious 4-bedroom home for sale. (View floorplans here.) With its blend of luxury, community, and natural beauty, Campo Del Sol is more than just a place to live—it’s a place to thrive.