You just got a new job and you have the cash to get a new place. You may even have a small family to support and you need a bigger place to let them grow in. So you start looking at the housing market.
There are a lot of houses available for sale, but you’ve heard the rumors; you know that it’s a risky business -- especially in this economy -- to purchase a home. Who knows what could happen?
So you start looking at rental properties. It’s a vicious cycle of either ending up dissatisfied or risking everything for a home you may or may not stay in.
Don’t worry, though. Here are some reasons to rent that may help you to decide.
Pros of renting
In recent trends, homeowners have leaned toward renting rather than buying -- especially because of the fairly recent housing market crash. Here are some of the advantages of renting a home.
1. No maintenance is required
OK, sometimes your home will need maintenance. But if you rent, getting those things fixed is as easy as calling your landlord and having someone fix it for you. It’s a no-hassle way of taking care of the upkeep of your home.
2. Moving is simpler
Since your family is still growing, at one point you will outgrow your home. If you are renting, it’s a lot easier to switch to a month-to-month lease so that you can relocate than it is to sell a home.
3. There are fewer design decisions
Let’s face it. Choosing a floor plan or building your own home can come with its own stresses and problems. When you rent, you don’t have to worry about choosing carpet or paint colors or the stone that will go on your countertops. You have access to viewing the floor plans, so you know exactly what you are getting in the apartment.