The days when purchasing real estate as opposed to leasing is far behind us. There are many reasons to buy, and there are also many reasons to rent, but I would like to discuss three reasons why renting an apartment is a better decision than purchasing a home.
1. First, an apartment search is much easier, and less time consuming that doing aa search for real estate. You do not need to look through the Yellowpages, or online to find a real estate agent that can take you around and show you an endless supply of available property. During an apartment search, you can conveniently, and comfortably search for an apartment within your own home, and rarely even need to visit an apartment community prior to making your decision to move there. Most apartment communities have virtual tours, realistic photos, floorplans, price ranges, and just about everything else you could imagine available for you to view online, and a dedicated leasing agent to answer any additional questions you have over the phone without the need for you to actually visit the community.
2. Real Estate prices fluctuate a lot. How happy would you be if you chose to purchase a property for $ 500,000, and then two years later, your property is only worth $ 300,000? The answer is: you would be not very happy at all, in fact, this could even be a huge burden on your family and self esteem. Do an apartment search, most apartments can be rented for a low monthly payment, with little down in the beginning, allowing you to watch the real estate market nearly until you decide purchasing is a better decision.
3. Coming up with a down payment for a home is tough. Do you know what 20 percent of $ 500,000 is? It's $ 100,000! You would have to come up with $ 100,000 to purchase a home that costs $ 500,000, when you could just pay your first month's rent at an apartment community and avoid that large sum of money all together. For someone who is pinching penny's coming up with that large sum of money may not even be an option, and an apartment search is their only viable method of living at the present time.
We hope this has been informative and has taught you three valuable things about apartment living, and real estate buying, that will prove useful in your decision to rent or buy.