Top Reasons Why Renting Is Better Than Owning A Home

Friday, January 19th, 2018
new home keys

Setting off to find a new house can find you thinking about the pros and cons of renting versus buying a new home. There are always risks of the rent being increased or landlords having too many strict regulations. You may not have the choice of which fixtures and paint colors are applied either. Outside of these minimal negatives, there are many benefits of renting a house.

Conveniences to culture

Generally, rental properties are located in more accessible areas of your city. These neighborhoods offer more conveniences to local shopping, parks, and the activities. Rental homes found in densely populated urban areas are often financially challenging to own and a hassle to get to.

No home maintenance responsibility

Homeowners spend a lot of their free time doing home repairs. There is a big responsibility that comes from owning your own home and ensuring everything is kept working and in good repair. Some chores have to be done weekly, such as cutting grass, while others must be done monthly, like cleaning gutters. If your home needs painting, you will be responsible for those tasks. Renting does not hold any of these responsibilities. When you rent your home, you do not need to worry about spending your free time on repairs.

Renters are not responsible when things break, like the furnace or refrigerator if one is included. One of your top benefits is being able to call the landlord when something stops working or starts leaking. As a renter, you don’t have to worry about expensive surprise repair costs.

If you want to make repairs or improvements, you could get paid for doing them. Not all landlords are open to the idea of you making changes to their property. However, there are some who will gladly repay you for any work you’re willing to handle. Changes you make to improve the quality of the home and make a positive impact on the property will most likely be welcomed. Check with your landlord and find out if they approve of your ideas and will repay you for the cost of the materials.

Growing into larger space is simpler

If you start out in a rent house with one room and decide to start a family, you can easily look for a larger rental. Finding a home with more space is much simpler than trying to sell a home that is too small. One house has to be sold and another bought, which could place you in a situation of making double mortgage payments. If you are renting your home, it is a relatively simple process of finding and moving into a more suitable property.

Moving locations is easier

If you need to move to a different location, you will have an easier time getting out of a rental agreement than trying to sell a property. Moving to new locations and renting a house also gives you an opportunity to explore more options. If you are not happy with your first choice of neighborhoods, you can quickly look for rental property in a better area. Selling a house to change neighborhoods becomes complicated and expensive.

No mortgage hassles

Buying a house generally means you will be required to take on a lot of debt. Homes are often looked at as long-term investments. However, you will also have to pay agent fees, interest on your payments, and closing costs, plus insurance and taxes every year. Renting your home will provide you with more opportunities to save cash.

Looking for homes to rent in Amarillo, Texas?

If you are interested in rental properties or have questions about rental policies, call Highland Park Village in Amarillo, Texas today. Call us at (806) 335-1451 or Contact Us by email to find out more about how we can help you. You can also check out our available Floor Plans and our Specials, or visit us in person at 13300 Bandera Dr in Amarillo.