Renting is all too often viewed as a waste of money, and a failure to achieve a real place to life. People, who think like that, obviously do not see the many benefits to be had by a renter. Being able to save money is one and very little maintenance is needed to name another. This article will focus on the many beneficial aspects to renting an apartment or property, as opposed to buying one.
One of the greatest advantages to renting property is the ability to save money. We all need time to save our money for that big down payment on the house of our dreams. Many people, who now own their own homes, got there by first renting a cheaper place to live so they could put away money for the home they wanted to buy. You may not build equity while renting an apartment, but that does not mean you are throwing away money. You are simply giving yourself time to save up, time you would not have if you just jumped into a house.
The amount of money needed to pay rent is almost always less then the amount of money needed to pay for the mortgage on a house. You may be thinking that a house is bigger then most rentals, so why shouldn’t it be more expensive. However, you have to realize how much money you need to save in order to heat a home and pay for electric on top of that mortgage. Many apartments cover the cost of utilities.
Another upside to renting is that you usually do not have to maintain the property or home. Those responsibilities usually fall upon the owner of the house or property. Often you will only be required to keep up things like light bulbs, as opposed to having to pay for a plumber to come fix the piping. Those larger problems are generally taken care of by the maintenance crew. In addition to that, the lawn is kept clean and beautiful for your use if you are renting an apartment.
Other amenities are often included in the price of rent. Some of these amenities include a pool, an exercise room, a common area with cable, or an arcade room. These are often offered at no additional cost to the renter, and the renter is usually encouraged to bring guests to visit. Even if you could afford a house right off the bat, what are the chances of you being able to afford one with a pool, full home gym, or an arcade?
Many of these amenities are considered extra luxuries and are not even included in most homes, even if you could afford to purchase one with them. Looking for homes that match the luxury of an apartment could be nearly impossible, and very expensive. These luxuries make renting all the better, on top of the great price you pay. Not all complexes offer these amenities, so if you would prefer an apartment without them, for a lower price, you have that option as well.
So you see, by renting, you really help yourself in the long run. You have the freedom of choice on what kind of apartment you’d like to rent. If you want to save money, you can get a cheap, basic place to live, while saving up for our dream home. If you would like to live in the lap of luxury for a much more cost efficient price then a mortgage, you can rent an apartment with amenities like a pool. Or you can keep paying that high mortgage price, get buried under more and more bills you cannot pay, and own a home you will never really love. The choice is yours.
