Advantages of renting a Home
There are many advantages of renting a home vs buying a home not only if you are new to the neighborhood but also if you already live in the neighborhood. there is no reason to rush into the purchase of a home because homes will not be appreciating substantially for a few years in the opinion of Cannon Real Estate Carlsbad property management. Also it is the experience of Cannon realty that any area in Carlsbad that you might be interested in living in that you will not be priced out of the market if you wait a year or two to purchase plus if you rent a home it will give you more time to find the right home.
The advantages of renting.
This is one of the main advantages especially if you are working with Cannon Real Estate property management. Even if you are in a lease situation and you find that perfect home to purchase and work with cannon Real Estate you will be in a good position to get out of your lease and purchase your dream home. Call cannon Real Estate at 858-449-0006 for full details.
- Someone else does your repairs
You will not have any unexpected expenses.
- renting is cheaper than owning:
You do not have to come up with a large down payment
- When you buy a home prices can go down
When you are renting you have less worries of all the responsibilities of home ownership including the loss of equity if the home values do go down.
- When renting you get to really know your neighborhood
After living in the neighborhood you will be able to make sure that this is the neighborhood that you would eventually want to purchase in.
- You can save for a down payment.
When renting your payments will be lower than if you purchased with for example only a 10% down payment and these lower payments will give you an opportunity to make additional savings to use on a down payment when you find the right home to purchase.
The bottom line is that there are also advantages to purchasing a home but in the opinion of Cannon Real estate Carlsbad property management if you do not have a substantial down payment and proper reserves to also give you flexibility that I described for renters than you are better off renting at this time and saving for a larger down payment.