More people are renting than at any other point in the past 50 years. There are a number of reasons for this, and one of the biggest reasons is that many apartments simply offer a higher level of convenience and luxury than some homes. Before you decide whether renting an apartment or buying a home is the right decision for you, it’s important to understand the countless advantages that renting has to offer. Here are just a couple reasons why renting may be a better option than buying.
Apartment complexes are responsible for maintenance.
This is, by far, one of the greatest advantages of renting, as most renters would agree. While the average homeowner has countless maintenance tasks to stay on top of throughout the year (lawn mowing, raking, snow shoveling, painting, home repairs, etc..), those who rent apartments can simply sit back and relax, knowing that these time-consuming and physically demanding jobs are taken care of, oftentimes before they even wake up each morning. What’s more, if anything breaks in your apartment, (like your oven, garbage disposal, or toilet), your apartment’s maintenance crew will take care of the problem as quickly and efficiently as possible without you having to lift a finger or pay a dime.
There’s less of a financial demand.
The second reason many people prefer renting an apartment as opposed to owning a home is that there’s not as much of a financial burden. Buying a home is, more often than not, a long and overly complicated process. It can take months or even years to save up for the funds necessary to finally get the deed. Renting, on the other hand, just requires a deposit, which is typically equivalent to one month’s rent. Renting is a much more financially reasonable and attainable option, especially considering all the cost savings associated with renting versus owning.
Millennials are the most likely of all age groups to rent. In 2016, 65% of households headed by young adults were renting. Regardless of your age, there are apartments for rent that offer services and amenities that far exceed what ownership has to offer. If you’d like to tour rental properties and find your next carefree dream home, contact Bartlett Brook Apartments.