You may be asking yourself: “Should I rent or buy a home?” The answer is personal to your situation. While mortgage rates are low, there is still a lot to be said for renting an apartment in West Columbia, SC.
Based on your financial situation, your job situation and how much time and money you want to spend on home repairs, the answer could be very different for everyone.
There is much to be said about renting. Sudden leaking roofs or a broken appliance can really make a dent in your wallet. Unforeseen home expenses cannot really be incorporated into any budget. Lawn and yard maintenance can also be a time-sink, especially for those who don’t love these types of tasks.
If there is any possibility that you will not stay in the area, or that your job will relocate you, renting may be a better option. Closing costs and fees can really add up, and the first several years of mortgage payments go to interest rather than the principal.
But often the most practical reason for renting has nothing to do with finances. Many of those who rent just don’t have any interest in home repairs and cutting the lawn. Apartments are the solution to maintenance free living without the condo fees. With so much to do and enjoy around West Columbia, SC your time off should be your time off should be spent however you like.