Many people are focused on when they can buy a home when there are plenty of good reasons to keep renting. Here are some reasons that, if your lease is about to end, you should focus on apartments for rent for your next housing opportunity. Renters unite!
Renting Is Easy
There is no mortgage to deal with, which can come with higher costs in many housing markets. There is no possibility that a water main will break and ruin your floor and that you will have to pay for it. There is no possibility that you will be blindsided by the installation of a highway next to your property and lose any investment value you thought you were gaining. Apartments for rent are a one-year investment of time and money that allows you greater flexibility; you can focus on the other priorities that are relevant to you right now.
You Can Put the Money Elsewhere
It's known that housing prices rise very slowly, barely outpacing the rates of inflation in many cases. You probably would put down tens of thousands of dollars on a home downpayment, but that money could easily be put in an investment fund and make 7% or even 10% returns for you during those years.
You're Free to Move
If you have a big job opportunity or you're checking out a new city, you obviously don't want to rent But what about those in-between times, such as when you plan to be in your city for only the next few years? Renting still helps you avoid sticky situations where you are unable to sell your house when you decide you're ready to leave. That's a freeing concept.
Apartments May Be in a Better Location
Apartments for rent tend to be in the areas of the city with the highest concentration of people, restaurants, nightlife options, and commercial buildings. You might be closer to work, and you'll definitely be closer to the action. In many cities, the setup is such that homeowners are pushed towards more suburban and less dense areas. If you're not ready for that, renting is a good idea until you want a slower pace of life.
There are plenty of benefits to renting. Real estate agents can help you find apartments for rent in attractive area; you can get the benefits of a large and luxurious space without the need to pay interest. Contact a company like ABA Rental Properties Inc to get help finding a rental.