Is Renting an Apartment Is a Better Option Than Buying a House?

Is Renting an Apartment Is a Better Option Than Buying a House?

Is renting an apartment is a better option than buying a house?

During the course of this essay, you the reader will be taken through a whirlwind of information that buying a home is a better choice that renting. One of the sources I will be using is a mortgage chart on Lending Tree. Com. In order to show that with proper credit and choosing the right loan for your circumstances, you will come out ahead of the game by purchasing a home. Rather than renting an apartment of condominium. The main fact I will put forth is that when you are buying you are investing in your future. When you are renting you are investing in someone else’s.

I will also use the area I live in as the backdrop for my argument. I live in the Springfield MO. metro area. More specifically a bedroom community if you will that is suburban yet rural at the same time. By using local price comparisons for homes for sale versus apartments or homes for rent I will illustrate that this area is a buyers’ market not only for first time homeowners, but also family relocation or downsizing as your children move out. First let’s look at the merits of renting a house or apartment.

The merits of renting an apartment are incredibly easy. Why do the work yourself when you can enjoy the following benefits:
·   Dedicated property and maintenance staff to call if anything goes wrong
·   No back-breaking snow shoveling, lawn maintenance or pool/sauna care
·   One single monthly rent check usually pays for everything (instead of several separate bills and fees when you own a house or a condo)
Believe it or not, you can usually rent an apartment or house for much less than the cost of buying it – especially if you live in a larger city. And if you want to be right downtown, renting is almost always more affordable than owning a condo (and you get a lot more living space, as well, as downtown apartments are usually much larger than downtown condos). As well, apartment renters don't have to come up with...

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