Three Pros To Renting A Home Over Buying One

Are you getting ready to finally move out of your parent's place and are thinking about getting your own home? Have you heard it's always better to own than to rent? Sometimes, that's not always the case. Here are three pros to renting a place to live over buying a house.

Variety of Choices

When it comes to renting, there are a variety of different homes from which to choose. If you don't need a lot of space, a one or two bedroom apartment might be perfect. There is always the option of renting a twin home, a condominium, a duplex, or a house. It usually depends on how much room you need and how many people are going to be sharing that space with you. If you choose to make an apartment your first home, you'll find that many modern apartment complexes offer a variety of amenities such as underground parking, central air conditioning, and fitness rooms.

There's Always Someone to Call

If you choose to rent and your refrigerator suddenly stops working or your toilet gets backed up, there's always someone to call. Rental homes are usually run by a residential property management company. Not only are they in charge of collecting rent, but they also make sure the property is well-maintained and repairs get made in a timely manner. Even better than that, it's not up to you to pay for such maintenance or repairs (unless of course you cause the damage). A property manager also investigates complaints. As someone who rents, having a residential property manager can make your life much easier.

It's Less Expensive to Rent

It usually works out that it's less expensive to rent than to buy a home. One of these reasons is that when you are renting, you only have to come up with a security deposit and not a huge down payment. When renting, there are also no property or real estate taxes to worry about paying. When renting a smaller space, you also pay less for utilities and property insurance. If you do hope to own your own home one day, renting your first home is a great way to spend less now and save money needed for your future home. Or you can continue to be like many people who are now making the choice to always rent and never buy.

While renting versus buying a home is a personal choice that can be a tough decision, it has never been a better time to choose to rent.


Share