If you’re trying to determine whether it’s better to rent or own a home, it’s crucial to weigh the options regarding your personal situation. Both renting and owning have their advantages and disadvantages, which can even vary from one person to the next. Here are some reasons renting might be the best choice for you:
One advantage of renting is that it allows you to be more flexible than if you were to buy property. Depending on the terms of the lease, you might only be obligated to live in a rental for one year or less. Many rental agreements offer month-to-month for even greater flexibility. The lack of long-term commitment may make it easier to move around for personal preference, work opportunities and more.
When you rent, you are not responsible for major upkeep and maintenance of the property. If an appliance breaks down or if you have a leaky pipe, there are designated professionals available to help you. Even if it’s only the property owner or manager rather than a fully staffed complex, you know you won’t have to deal with maintenance emergencies on your own. Other things like landscaping, exterior paint and other repairs are the responsibility of the owner or manager, not the tenants.
It’s much easier to qualify for a rental than for a mortgage. Specific requirements vary from one rental to the next, but you rarely need to have as high a credit score or traditional income to be approved. Many renters allow co-signers in their rental agreements to help make up for any financial metric that might be lacking. Instead of shopping around for a loan, most rentals will have much more lenient requirements for approval.
Renting is not for everyone. However, there may be an appeal for those between houses or starting out on their home buying journey. Likewise, rental homes make for excellent investment opportunities, as many tenants may want the quiet of a house with the amenities of a complex.
With over 29 years of extensive real estate experience in the Boston and Metro West areas, I bring a proven track record of success to every transaction. My commitment to working tirelessly and strategically ensures that your needs are met, and I’m here to guide you in making confident, informed decisions—whether you’re buying or selling your home.
Over the years, I’ve been trusted by developers, builders, attorneys, financial planners, and other professionals to represent their interests in selling condominiums, townhomes, new construction, investment properties, commercial real estate, and single-family homes. Simply put: I know your neighborhood, and I know how to get results.
As a skilled problem solver and negotiator, I thrive on overcoming challenges that can otherwise halt a sale. When unique obstacles arise, I leverage my experience and a network of trusted experts to deliver solutions.
My marketing strategies are designed to get your home sold quickly and at the best possible price. From first-class promotion to actionable advice, I’ll equip you with everything you need to achieve success.
If you’re searching for a real estate professional you can trust to help find your dream home or sell your current property, let’s connect. I’m confident in the quality of my service, and if you’re not completely satisfied, you can cancel anytime. I’m always available by phone or email—feel free to reach out anytime.
I am committed to delivering the results you deserve. Let’s make your real estate goals a reality.
