About one-third of Americans choose to rent over own. There are many factors that go into deciding whether apartment rental or home ownership is right for you: income, location, and availability are just a couple examples of things that can greatly influence your decision. In most cases, especially for younger individuals that don’t have as much money, renting an apartment is almost always the better and more sound option. Here are 3 reasons for anyone to consider apartment rental over buying a house.
1.) Service/Maintenance: The level of service and maintenance provided when you
Making the choice of where to live can be difficult, especially in regards to the pros and cons of renting and buying. While the economy has since recovered from the housing crisis several years ago, investing in a mortgage is still not without risk. Many people are now looking to the convenience and luxury of options like city loft apartments for something more secure, but what are the exact advantages of choosing apartment living?
1) Apartment rental has proven to be less of a financial risk than buying a house.
Many of us saw the effects of the Great Recession towards the end of the 2000′s with an increased number of foreclosures. Homeowners still run that risk and they’re not the only ones; almost 40% of foreclosures happen to single-family homes,