True, home ownership has always been the American dream. Mortgaging or buying a house lets you call a place your own and is a great investment tool for your retirement. But there are many advantages to apartment renting as well.
When seeking an apartment to rent, keep in mind apartment rentals typically offer a lot more for your money. Many apartment complexes even come with pools, gyms, and other creature comforts it would cost thousands to add to a home. Apartment renting also relieves the burden of the stress associated with homeownership. Generally, renting allows you to avoid the associated financial responsibility of water bills and property taxes.
With an estimated 9% of the US apartment renting population 2 parent households with children, 61% of Americans believe renters can be just as financially successful as home owners. Aside from the money saved on taxes, insurance and municipal bills, renters never have to pay for structural home improvements. Also homeowners who take out second mortgages set their financial situation back, depending on how far into their mortgage term they are and the size of the mortgage.
Choosing the best apartment rental option for your living needs is the challenge renters face. If you have children, you will need multiple beds and more room, if you are saving your money and need to cut corners, you will want to cut back and look at smaller rental apartments. But regardless of the specifics of the space you choose, apartment renting no longer holds the stigma it once did when compared to homeownership. Not to mention you don’t have to worry about the ups and downs seen in the housing market. Good refereneces.