5 Reasons To Rent, Not BuyApartment Complex Life
If you find yourself with the decision of having to choose between renting or buying, you should take a moment to think about it first. Don’t be so quick to buy just because a lot of people may be telling you it is best to buy rather than to rent. And don’t be so quick to rent because a lot of people are telling you it is cheaper. The truth is the decision solely depends on your particular situation and your desires. What is it that you want? What type of responsibility are you willing to take on? These questions and many more are the ones you should be asking yourself before you make a decision. Even though a lot of people agree that buying is best because you get the pride of homeownership, you should think again. You shouldn’t think there isn’t any benefit from renting because there is. If you take a deeper look at renting you will find that there are many reason to rent rather than buy.
For one, you get a lot of options when you rent. You can choose to get an apartment that includes the heat, water, covered parking, electric, Internet and even storage in your payment. This is especially good because you won’t have to worry about paying separate people for separate things every month. You can just pay one lump sum for everything. In many cases you can even get a big discount because the apartment complex may be getting a group rate for the services because all of their residents are using them.
Another reason to rent rather than buy is exactly that, you don’t own the place. Now this may seem bad in the beginning but if you think about it, you can benefit. If something breaks you can call the handy man to come and fix it. It is not your problem it’s the apartment managers problem. This is great for the person who desire as least responsibility as possible.
The third reason is that the lease is negotiable. You can choose how long you want to rent the place for and when you would like to leave. You also have the flexibility of moving to another unit should you discover you have noisy neighbors or a pesky rodent problem. However, if you bought the home and discovered your neighbors were unpleasant, you would just be stuck with unpleasant neighbors.
The fourth reason is you are not responsible for the lawn or anything outside of your apartment. You won’t have to mow the lawn or pay someone to care for your lawn. The apartment complex does it all for you. This is another benefit for the person who desires little to no responsibility.
The fifth reason is it gives you the opportunity to save your money. You can get roommates to make your rent cheaper. This way you can save your money for the home you really want or for whatever else you may need to save your money for.