Are you in the process of finding where your next home will be? For many people, deciding between a house rental or purchase can be a difficult choice. Today, the rental market is more active than ever before.
Studies show that house and apartment renters make up 34 percent of America’s general population. This means that the renter population in the U.S. consists of more than 100 million people. So, why is renting such a popular choice for people of all different walks of life?
This article can help. To learn more about why you should consider home renting vs buying, read on for our basic guide.
1. Opportunities for Flexibility
One of the most impactful reasons why you should consider renting vs buying a home is that you’ll have more opportunities for flexibility.
If you’re interested in exploring different parts of the world or want to eventually expand your family, renting allows you the ability to do so. If you want to explore California, you can look for Oakland apartments for rent and find one that fits your preferences. You may also ask the owner beforehand for the tenancy agreement as some may require you to rent the place for at least 6 months to one year. If you’re looking to downsize or you one day crave a change in occupation, renting allows you to pack up, move, and adjust your lifestyle.
When owning a home, you’ll likely have an expensive mortgage payment plan. Or, you might find that the house selling process takes longer than expected. With renting, it’s simple to sublet or break your lease early.
2. Reduced Maintenance Costs
Another major benefit of renting a home is that most landlords or complexes will include maintenance services. If your air conditioner breaks or you’re having trouble with the plumbing, it can be costly to fix in your own home.
Most experts recommend saving about one percent of your home’s sale price to spend on emergency maintenance issues. For most renters, all you’ll need to do is make a quick call to your leasing office or landlord. This can save you thousands of dollars in the long run.
3. Easy-Access Amenities
Finally, most complexes or gated communities will feature a wide variety of amenities for you and your guests to enjoy. The cost of these amenities is usually either free or already included in your rental instalment. This allows you more opportunities to relax or entertain both yourself and others.
One of the top amenities you’ll find in a home rental community is a fitness center. Residents will usually have free access to this fitness center for 24 hours. This can save you money on a gym membership and help keep you active.
Many people want to build their own swimming pool or lounge area outside when owning their own home. Building a pool or handling upkeep is another significant cost that can put a dent in your wallet. But, in a rental community, you’ll also likely have free access to a pool or clubhouse. You might be wondering how to rent a home in your area with all these benefits.
Search for Your Perfect House Rental Today
Now that you know our top benefits of finding a house rental vs buying, what are you waiting for? Start searching for your house rental today. Check the rental statistics online, like the average rent in San Francisco. Your all-inclusive, convenient, dream home awaits you.
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