Five Reasons Renting an Apartment Makes Sense

morgenson money

Broadway Commons, new apartments in Waukesha

Broadway Commons in Waukesha opening soon

With the nation’s economy sinking and home values plummeting, you may be questioning whether homeownership is really as smart of a move as people seem to think it is. After all, many homeowners are currently underwater in their mortgages or in the process of having their homes foreclosed upon. As it turns out, renting may be a pretty smart move after all. If you are considering renting an apartment, wondering if one may be right for you, be sure to check out these five reasons renting an apartment makes sense. They may just change your mind about renting.

1. Renting Is Often Cheaper

Home ownership is expensive. Not only do you have the closing costs and the monthly payment, but you also have property taxes, utilities, insurance, home repairs, home maintenance and landscaping costs to pay as well.

2. It Gives You Flexibility

You should only consider purchasing a home if you plan on staying there for several years. Not only do you have to pay closing costs every time you move, but your home may not sell when you need it to. Forget long trips, or relocating for your job on short notice.

3. You Won’t Have Home Maintenance to Deal With

Even if you were to buy a brand new home, all homes need constant maintenance and repair. Rent an apartment and you can spend your weekends golfing, shopping or traveling instead of at home mowing the lawn or fixing the roof.

4. It’s Eco-friendly

Because apartments tend to be smaller than houses, they use far less of the Earth’s natural resources. Not only do they require less materials to build, but your energy and gas usage is likely to be reduced as well.

5. Renting is Convenient

Buying a home can be a hassle. You have to negotiate a price, draw up and sign the paperwork, set up and pay all of the utilities, and furnish the entire space. With Waukesha apartments, however, you can simply walk in, sign the papers and head on out to any of the great shops and attractions that are conveniently located nearby.

Whether you choose to rent or buy, make sure your decision is an informed one. Don’t just buy a home because you think that is what you are supposed to do as an adult. Consider these benefits that only renting can offer, and make the choice that is best for you and your family.