There are many benefits to renting a home:
There’s more get-up-and-go freedom when renting a home. Whether you want to relocate for a job, a love interest, or simply want to see what life is like on the opposite coast, renting provides more flexibility.
Attempting to sell a house, especially in a down market, can be complicated and time consuming. Whether you have an annual lease or a month-to-month, the logistics of renting are less confusing.
Are you the type of person who hates mowing the lawn or cleaning out the gutters? A landlord often provides these types of services. While homeowners are battling crab grass, you can be relaxing in a deck chair.
As a homeowner, you’re not only responsible for lawn care; you’re responsible for everything. Whether it’s a broken hot water heater or a malfunctioning dishwasher, things are going to need to be upgraded or replaced. When you rent, you’re not responsible for maintenance costs. All you need to do is call the landlord when something goes wrong.
Many apartment complexes have so many amenities that they resemble all-inclusive resorts. From tennis courts and swimming pools to fitness centers and children’s playgrounds, many renters have these amenities on location. It’s safe to say that most affordable homes don’t come with a tennis court.
If the monthly mortgage and maintenance costs weren’t enough, homeowners are also saddled with property taxes. These taxes fluctuate depending on where you live. No property tax means more money in the bank, or at least more money in your pocket to do the things you want to do.
Do you want to live in a luxurious neighborhood? You have a better chance of affording rent in a posh neighborhood than you do of buying a house.
There are often numerous apartments in an apartment building, and this increases your chances of meeting new people and making friends.
Many apartment complexes are gated and have their own security and video surveillance. This will not only give you peace of mind, but save you from having to buy a high-end security system for your home.