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 Things to Consider
 Signing the Lease
 Rent vs. Buy
 Things to Consider
 Cost of Ownership
 The Buying Process
 Real Estate Agents
 Mortgage Loans
 Types of Loans
 Before You Sign
 The Contract
 On The Move
 Decision Factors
 Young Cities

Advantages and Disadvantages

Some of the advantages of renting are:

  • Property Staff- Your monthly rent entitles you to call upon the property team for repairs such as a broken dishwasher or a running toilet. If you were responsible for the repair bills,  they could creep into the thousand dollar range.
  • Property Amenities- Many of us could not afford to have personalize weight rooms, swimming pools, tennis courts, and a sauna if we were owning a house. Therefore, by renting you get to utilize extra equipment you could not afford on your own.
  • Flexibility- Renting allows you to pick up and go more easier than owning property. With the exception of the terms of your lease contract, renters are free to vacate the property without having the hassle of trying to sell it to someone first.

Some of the disadvantages to renting are:

  • Privacy and Peacefulness- If you rent an apartment, you may have to deal with  disturbing noisy tenants. People do not have the same lifestyle or philosophy on cleanliness; therefore, you may have an unpleasant renting experience living next to someone with an "alternative" way of doing things. On the other hand, you may enjoy blasting your music loudly; however, you must be sensitive to others' quality of life when living in an apartment complex.
  • Limited Space-  As you begin to accumulate more personal items, you may find yourself out growing your apartment. 
  • Tax Disadvantage- You receive no tax breaks while renting. Also, you are paying monthly payments on something that you will never own in most cases.

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