Why Renting May Be The Better Option For Families

Thursday, October 22nd, 2020
father, mother, and baby

When many people consider starting a family, they think that owning a home is a required first step. But, it is becoming more popular for families to live in rent houses. Here are some reasons why renting may be a better option than buying for some families.

There are lower upfront costs

When you buy a house, you have to save thousands of dollars for a downpayment and the associated costs. Also, you will need to take time to build your credit before you can even look for homes.

By renting a home, you will be able to save a lot of money upfront by only paying for first-month’s rent and deposits. Whether you are planning on starting a family or you already have one, saving money will be important in the short and long-term.

Credit requirements are often less strict

Renting a house doesn’t require you to have the same credit score as purchasing a house. Some landlords don’t even check your credit history. Instead, they rely on your past rental history and your job status. For families trying to rebuild poor credit or just get your history started, renting can be a great option.

You won’t have as many responsibilities (house-wise)

Homeowners have a wide variety of tasks they must handle when it comes to maintenance and repairs. These can range from simple things like mowing the yard to expensive repairs like replacing the air conditioner. If you rent, you will likely not have to worry about much when it comes to upkeep. This will save you time too, so you can enjoy life with your family.

You will have more flexibility

Homebuyers know that they will be locked into their location for years to come. Renters, however, only have to sign a lease for six months to a year. This means that if the location isn’t right for your family, you won’t be forced to stick around until you can sell your home.

Having this assurance doesn’t mean the location of your rent house doesn’t matter, though. You should still pay attention to where your children will be going to school, crime rates, and other factors. It can actually help to start your rent home search by looking into these before you consider any properties. Here are some things to keep in mind.

  1. Safety: Research the safety of the neighborhood and city you will be moving to. If you know anyone in the area, it can be helpful to ask them for assistance.
  2. Doctors: This may sound strange, but it is good to know which doctors you and your family will be using when you move.
  3. Activities: If you are moving to a different area of town or from a different city, look up where parks, playgrounds, and family entertainment venues are located.
  4. Convenience: You will want to rent a house where you can get to school, work, and shopping areas easily.

Is your family ready for something different than apartment living?

Highland Park Village in Amarillo, Texas offers a unique rental experience for the entire family, including your furry friends! We are conveniently located near Highland Park School District, as well as shopping and fun. Give us a call at (806) 335-1451 or Send Us an email to learn more about our Properties and Specials.