There are plenty of sad truths in life. To name a few: you have to pay taxes, your beloved dog won’t live forever, and your apartment rent will go up, not down. While it’s important to accept these facts, it’s equally as important to keep an eye out for things that seem unfair.
With the possible exception of “crazy neighbors” and “rat infestation,” no two words strike more fear into the hearts of renters than “rent increase.” If you know or suspect an increase is coming, don’t wait for it to hit your bank account.
There are many myths surrounding the renting vs. buying situation. If you’re considering moving into an apartment for rent or purchasing a house, you’ll find lots of conflicting arguments about which one is better. Either way, deciding between renting or buying takes a lot of time and resources. But don’t worry! We’re going to debunk a few of these myths to make your decision process a little easier.
Myth: Buying is always better renting.
Truth: Definitely not true! There are a lot of factors that will help determine whether you should buy or rent. What is your budget? How long will you live there? How much room do you need? What’s the current state of the housing market in your area? What does your credit score look like? Once you can answer these questions, you will be able to make the decision right for you.
Finding the perfect apartment for rent is already a challenging experience, but when you add choosing a lease type it becomes even more difficult. A lease is a contract you make as a tenant with your landlord that lays out the conditions and costs of the apartment rental, the services they provide, and the length of rental time. There are a few options when it comes to leasing terms, so you want to make sure you find the one right for you. In order to alleviate some of the stress of choosing the right leasing option, here’s a breakdown of the difference between long-term and month-to-month leases.