For the longest time, homeownership has been part of the American Dream. But even before the wave of foreclosures, renting has been a better choice than buying a house for a number of reasons. This is specially true for younger people just beginning their careers, who may have to move for better opportunities. And for those who want the best of both worlds, the option to rent luxury apartments gives them the flexibility and choice to travel between different homes and locations.
Renting v. Buying
For those living in big cities, apartment rental is the practical and cost-efficient choice. People need to move for a job change or promotion, or because they are starting a family. Downsizing empty nesters are looking for different housing alternatives. A lease is much easier to get out of than a mortgage.
Most people don’t realize that for the first five years of home ownership, your mortgage payments are are simply going to a bank. And almost a third of all home buyers move within five years, which means that they never have a chance to start building any real equity. And also, contrary to popular belief, there are no annual tax benefits for the majority of homeowners.
How to find the best apartments
As many as 35% of American adults rent rather than own their living spaces. Once you’ve made the choice of renting an apartment, the search begins. Veteran apartment dwellers know that apartment living is easiest if you rent from a property management company rather than a private landlord. The best maintained apartments are generally professionally managed. They provide services like on-site maintenance, first-class amenities and a high standard of customer service.
In a city, you have a wide choice of apartment types. A loft apartment or a luxury apartment rental gives you comfort and space while putting the city within easy reach. People who choose to rent luxury apartments can enjoy a high quality living space at an affordable cost.