It’s Renewal Time! Should I Re-Sign My Lease?

Woman with red fingernails, signing paperwork to renew her apartment leaseFor some apartment renters, it is a day of much anxiety. You arrive back to your apartment to the note that your lease will soon expire and you must decide whether to stay or go. Many renters are seeing rate increases included as part of the new rental agreement. This may leave you asking: Is it time to move on or should I renew my lease? Here are some things to consider…

Price Is a Factor

No matter how much your apartment community may sell you on the “value” of your rental rate, the simple truth is that most us of can only afford so much. However, finances can sometimes be rearranged if the increased rate is too far out of your comfort zone. Moving is a pain and costs a chunk of money to accomplish anyways. Plus, there are moving costs to consider too, like fees related to setting up/transferring utilities, putting down a deposit on your new apartment, and a whole host of other unforeseen moving expenses. In the end, even with the increased rental rate, it might be cheaper to stay where you are.

The Value of Roots

Most people enjoy where they live. So, unless you detest your surroundings and can’t wait to get out of there, you may simply prefer to stay put — all things being equal. You have roots in your community. You often have friends, a good relationship with management and maintenance staff, and a good feeling about your surrounding area. The grass is not always greener on the other side. If the thought of leaving crushes your soul, then you might want to consider signing and staying. Loving where you live is priceless.

Is It Time For a Fresh Start?

Going to a new place can have its rewards, too. If rent is less expensive, then you have a bonus to go along with the many other factors that could be desirable in your new place. A new location could mean a shorter commute to and from work, as well as the things you love to do. New amenities could be a draw, as well as an opportunity to create new beginnings. A fresh start is often not only a good thing, but a great thing.

When The Time is Right

Along with these, there are an infinite number of other reasons to move apartments or stay in your current one. Eventually, the time will come when you decide to see what else is out there. When that day arrives, we hope you will visit There, you will find our extensive database of apartments all across the country. Search by budget, neighborhood, amenities, and all the other things that are important to you. And don’t forget that ApartmentSearch is the only national apartment locating service that pays you for using it. Be sure to tell your next community how you found them, and we could be sending you up to $200 in rewards.