Renting a Home vs Buying: The Facts from Wan Bridge

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Renting vs Buying: The Facts from Wan Bridge

The allure of owning a home has always been attractive and a pillar of the “success” story for the American dream, but is buying really the wisest decision anymore? Of course, this depends on your lifestyle and financial health, but Wan Bridge wants you to inform you that buying immediately isn’t always the best route. Renting can be a more viable option that is often overlooked and there are several factors that should be considered when making the decision between the two.

Stability for the Long Run

Having a place to live will cost money no matter where you chose to live, so the preconceived notion that renting means you are “throwing your money away” is not entirely accurate. In fact, when you rent a property with Wan Bridge, you know your exact monthly payments ahead of time. When owning a home, your property can gain value over time, but there also several risks that affect price including property taxes as well as the overall value possibly ebbing and flowing. Therefore, you could potentially face a lot of expenses and not much return. There are also those pesky closing costs that come with buying a home that you won’t see when renting.

Comfort in Predictability

Along with the stability of monthly payments, your home-related expenses are more calculable and often cheaper when renting. When renting from a company like Wan Bridge, unexpected repairs and maintenance work are handled automatically, meaning there are no additional expenses such as water and sewer service and trash pickup that traditional homeowners have to pay. Additionally, Wan Bridge communities feature full lawn services as well so you won’t be outside wasting time to get that perfect cut and you can spend more time with friends and family.

A Flexible and Dependable Lifestyle 

Most people enjoy their free time and owning a home can often consume a lot of that time. Keeping up with the maintenance of your home can prevent you from being able to travel as often as you may like to. While some people like the permanence that ownership provides, it’s important to consider if this is the right option for you. If you think about where you want to be in five years, are you able to confidently give an exact location? Perhaps you’re unsure or want to have the flexibility to move wherever you would like. Renting gives you the opportunity to move at pretty much any time without having to worry about the tedious process of selling your property. 

As you can see, there are several considerations that come into account when deciding whether to rent or buy. With Wan Bridge, you can get all the amenities of home ownership without the hassle.

Sources:
https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp