The Benefits of Renting

A big part of growing up is moving out and living on your own. Finding a place to live can be stressful and the idea can be daunting, but it does not have to be! You will face the challenging question of whether it is better to rent your first place or to buy. While there are certainly pros to both of these options, find out more about the benefits of renting!

One of the perks of renting is the low maintenance that comes along with it. When you own a home, if something breaks or goes wrong, you are responsible for hiring a professional to fix it or you have to purchase the supplies to resolve the problem yourself. This can become costly. When you rent, there is a maintenance team for you to depend on if something goes wrong. Having this feature available helps decrease the stress that homeownership can cause, especially if you are trying to save. 

While it can vary, another pro of renting is the monthly cost of rent is typically less than a mortgage payment plus applicable fees. This gives you the opportunity to save up your money to eventually own a home, go on that dream vacation, or add to your retirement fund. 

With renting often comes flexibility. Life happens and sometimes things come up such as new job opportunities, family emergencies, downsizing, etc. Renting gives you that relief of flexibility. Most leases are 12 months commitments, so find out if there are lease break fees and/or opt in options to take advantage of so you are not locked in for a full year unnecessarily. Of course, the benefit to being “locked in” is that the rate won’t be changing in the middle of the lease term! Flexible renting is much less of a hassle and will not make you feel as tied down or stuck in one place. 

If you rent an apartment, a big perk are the amenities that come with your apartment community. Your community may have a fitness center, a pool, a playground, etc. Gym and pool memberships can be expensive. It is definitely a money saver to have those features included in the rent. Not to mention, this is a great way to meet your neighbors and enhance that feeling of community. Take advantage of the community atmosphere created for renters, and attend their monthly resident functions… what a great way to meet your neighbors!

Low maintenance, flexibility, amenities, and saving money are all awesome perks that come with renting. Aside from these reasons, renting has many other positives. Find time to conduct your research, write a pro/con list, and give yourself time to figure out what is the best for you and your situation. Whether you are renting an apartment, a condo, or a house, make sure it is somewhere you feel comfortable calling home! 

5 Tips to Remember When Finding the Perfect Apartment Community for You

Moving into an apartment is a big deal. Whether it is your first apartment or your tenth, the nerves are equivalent. You will have so many questions, such as, “Will this place be big enough?” “Will the complex be nice?” “Will management be helpful?” There are a lot of thoughts that will be racing through your brain, but before moving into a place, there are things that you can do to help calm some of that anxiety you may be feeling.

1. Check out the website

How a website is designed can say a lot about a place. Is it updated? Does it have everything you need to know such as features, floor plans, and photos? Take as much time as you need and look at every aspect of the website. This could give you the first feel of whether or not this is the right place for you.

2. Join their social network!

Are they active on social media? Check out some of their posts, see if their tone is friendly and welcoming, and while you are there, engage with the other residents. This will give you an idea about the type of people you could be potentially living around.

3. Familiarize yourself with reviews

Reviews are some of the most honest opinions you can get on a property. Keep in mind, however, that reviews are often where people turn to when something goes wrong and are full of people complaining rather than praising. For every bad review, there is often someone who is enjoying the complex. Do not depend this decision solely on the reviews.

4. Reach out to the Leasing Office with specific questions

There is no such thing as too many questions. The Property Manager wants you to become a resident at their community, and they know how to answer anything that may be of concern to you. Before calling, write down a list of questions you have, and do not hesitate to ask them–no matter how many there are.

5. Do your research

Research is your best friend. Look into the company that owns the apartment complex. Research what there is to do around the area. Look up anything and everything that has to do with your potential new home.

6. Take a tour to get the feel!

If you like what you see, take a tour! That is the most important step to take before renting your new home. Compared to what you are seeing online, touring may change your opinion, positively or negatively. Do not be afraid to ask to see certain areas while you are touring. You deserve a thorough look before signing the lease.

Take your time, ask questions, do research, and good luck in your apartment-hunting journey!