Home purchases are on the rise but the increasing number of apartments being built indicates that more people are leaning toward the carefree lifestyle of renting.
Especially for those who are young and single and may travel for their job. Renting is often the best option for the lifestyle young professionals want to lead.
Whenever you buy a house, it locks you down.
Living downtown in an apartment is a positive experience for many young people and it is something that would be really hard to move away from, which most would have to do if they purchased a home.
Calling the apartment living lifestyle "easy" would be an understatement.
You cannot beat the apartment amenities in many communities.
Although there are things you miss out on by not having your own home, like a backyard, the convenience of renting makes up for it.
And a downtown location is within walking distance of countless restaurants and entertainment venues - the ability to "have an entire evening and not have to worry about driving" - is a big plus.
Location is one of the main reasons many have chosen to rent instead of buy.
By renting the property, it assures that we will be able to find a reasonable home in our target area for our target price.
Buying often means you have to make concessions, such as buying a home farther away from your workplace.
By renting, you are able to stay flexible and maintain a sphere of convenience.
Plus, renting keeps options open. If you are considering moving away from the area, relocating is easier to do when you're just leaving a rental home and not trying to sell property.
Renting a home generally involves a flat rate fee. There are no taxes or repairs or other unforeseen costs to worry about.