Here are just a seven reasons why you should consider renting an apartment instead of buying a house:
Renters Are More Flexible
Renting allows you to move when you need to, rather than having to buy a property that may not meet your needs. When you purchase a home, you are locked into a fixed price and location until you sell it.
Renters Have More Control Over Their Space
You control the size of your living space, so you can choose exactly how much room you need. With a rental, you are only responsible for paying for the amount of space you occupy.
Renters Can Move Easier
Because you aren’t tied to a specific address, you can easily relocate if necessary. And since renters don’t have to worry about selling their home before moving out, they can spend less time worrying about finding a new place to live.
Renters Don’t Need To Pay For Maintenance Fees
Homes require regular maintenance, including lawn care, snow removal, roof repairs, and pest control. But with a rental, you won’t have to foot the bill for these things.
Renters Save Money
Buying a home requires a large upfront investment, whereas renting doesn’t cost anything unless you decide to leave. Plus, homeowners must pay mortgage insurance, taxes, and homeowner association fees, all of which renters don’t need to cover.
Renters Aren’t Required to Buy Insurance
Homeowners insurance covers damage caused by natural disasters like earthquakes, floods, hurricanes, tornadoes, and wildfires. However, renters don’t usually have to worry about these kinds of risks, so they save money every month by skipping the coverage.
Renters Can Stay On Top Of Upgrades
With a rental, you can stay current on modern amenities without breaking the bank. Homeownership requires expensive upgrades like adding insulation, replacing windows, and installing energy efficient appliances.
