Renting gives you a home or apartment without any of the burdens of homeownership. It's the easiest way to live in a house without the hassles. Let's look at some of the top reasons to rent in Atlanta.
Renting is great for people for lots of reasons. Whether it be for career and financial flexibility, to save a down payment, avoid repair bills, real estate taxes, and market risk. Or just because you are undecided about establishing a residency for a prolonged period. Renting also allows you a bit more flexibility than homeownership would.
Save A Down Payment
If you might not quite have the down payment to buy a home then renting and saving a down payment makes sense. While renters might need to save for a security deposit, it is bound to be considerably less than a down payment and closing costs. According to Zumper, the average rent for a 1-bedroom apartment in Atlanta, GA is currently $1,462.
Flexibility
Flexibility is the single biggest and best reason to rent a home or apartment. Buying a home can involve some serious savings and commitment whereas renting can help you maintain your flexibility and lifestyle. Some rentals may offer short leases with the offer to renew.
Avoid Maintenance Costs
If you do not want to deal with all the hassles of homeownership then renting is the way to go. When you buy a house, condo, or apartment, you will also need to be saving for repairs. With renting, you are not responsible for upkeep and maintenance. Your landlord should take care of any repairs and maintenance of your rental property needs.
Building credit
If your credit has been damaged or you have no credit history at all making on-time rental payments can help build and improve your credit score. This can be very helpful in allowing you to eventually qualify for a lower cost borrowing experience in the future.
Save A Down Payment
If you might not quite have the down payment to buy a home then renting and saving a down payment makes sense. While renters might need to save for a security deposit, it is bound to be considerably less than a down payment and closing costs. According to Zumper, the average rent for a 1-bedroom apartment in Atlanta, GA is currently $1,462.
Flexibility is the single biggest and best reason to rent a home or apartment. Buying a home can involve some serious savings and commitment whereas renting can help you maintain your flexibility and lifestyle. Some rentals may offer short leases with the offer to renew.
If your credit has been damaged or you have no credit history at all making on-time rental payments can help build and improve your credit score. This can be very helpful in allowing you to eventually qualify for a lower cost borrowing experience in the future.
We hope you find this information informative and helpful. Renting can offer you lots of freedom and flexibility to change your mind at any time. It is for a person that might not be ready to plant their feet in one spot and want to keep their options open. We are happy to see you had Georgia on your mind!
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