If you enjoy the freedom of paying rent instead of a mortgage payment, you are not alone. Over one million people are currently renting homes, apartments, and other properties around the country.
Sometimes it’s hard to decide between renting an apartment or buying property. Here are three pros of renting an apartment that may help you decide.
You get a flexible financial plan.
You have to own a home to reach long-term financial stability, right? Not quite.
“The smart strategy for renters is to take advantage of their financial flexibility while adopting the good money habits of homeowners,” says Penelope Wang at Consumer Reports. She suggests focusing on paying down debt and adopting a strong saving mindset.
You don’t have to worry about repairs.
People want to enjoy the advantages of living in a comfortable home, but that doesn’t mean they want the responsibility of caring for the property. “When you’re renting, you don’t have to think twice about all of the little things that make home ownership such a big day-to-day responsibility—in fact, you probably won’t even notice them most of the time,” says Laura Mueller, a consumer expert.
At Twin Pines Apartment Homes in Anaheim, we have a knowledgeable and friendly staff who are trained and certified to make repairs. When you report something is broken or in need of attention, our team will schedule a repair time, ensuring that your home stays in tip-top shape.
You have more freedom to live where you want.
Do you enjoy summer nights on the beach? Perhaps you prefer living closer to the downtown nightlife. The choice is yours when you rent an apartment instead of purchasing a home.
“Renters can live practically anywhere, while homeowners are restricted to areas where they can afford to buy,” said Amanda C. Haury for Investopedia.com. “Although rents can be high in areas where home values are also high, renters can more readily find an affordable monthly payment than home buyers.”
While we aren’t eager to say goodbye, at Twin Pines Apartment Homes, we do want to be sure that you are taken care of wherever you go. That’s why we instated our loyalty bonus: If you move from Twin Pines to another AMC property or vice versa, we’ll give you $250 to help you hit the ground running.
With a difference in costs, less responsibility, and more freedom, it’s easy to see why more and more people are choosing to rent. At Twin Pines Apartment Homes, we want to make coming home the best part of your day; give us a visit and see what the pros of renting an apartment can do for you.