There are many reasons why renting an apartment may be a wise decision.  In today’s posting, we take a look at a few of the reasons why renting is a great option for many people.

 

1) Avoid Unexpected Costs

By renting, you avoid the unexpected repair and replacement costs of home ownership.  Things like repairs to the furnace, air conditioner, roof, windows, and property maintenance are all included in your rent.

 

2) Financial Flexibility

A vast potion of your income isn’t tied up in your mortgage payments, property tax and monthly maintenance bills.  Instead, when you rent, you have more financial flexibility which you can take advantage of to save for retirement, your children’s education, vacations, and entertainment.

 

3) Live Where You Want

Renting a home is less expensive than buying a condo or apartment which means if your goal is to live downtown in a city rather than suburbia, it becomes a more affordable option.   Split the costs further if you don’t mind taking on a roommate

 

4) Move with Ease

Changing jobs and cities is a much simpler process when you do not have to worry about selling a home.

So whether you are moving out on your own for your first time,  starting life over in a new city, or changed other elements of your life situation,  renting a condo, or apartment or home is a great way to benefit other priorities in your life.

Rentwhoo.com strives to be the best place for Canadians to find a great rental and find great tenants.   We’ve reimagined how the entire rental experience can be, from search, discovery, applying, paying and interacting.   We make trusted renting easy.

Feel free to browse through the many articles here that can help you make the process smoother for you and become a smarter renter.