With the cost of home ownership being at an all time high, along with this competitive market, renting still remains as a better option for many people. The long-standing debate of Buying vs. Renting is the hot topic of conversation lately. Although home ownership has become more common in present times, renting is still a preferred choice for families, young adults, and seniors. There are many advantages for renting a home, depending on the situation and the personal preference. Find out why many people are choosing to rent rather than buy property in today’s market.
Maintenance Expenses: whether it's a pipe that burst or a clogged toilet, it’s usually not your problem to fix. A call to your landlord and they will deal with any maintenance repairs needed. One less headache you have to worry about, in comparison to owning your own home and having to deal with unwanted repairs and stress all on your own.
Flexibility: If you’ve had your eye on a specific neighbourhood or simply want to move for any reason, then as a tenant you have flexibility. Whether you want to move closer to a certain school for your children, or found a new job and decided to live nearby, then you can easily do so. Rather than worrying about selling your house, finding another one within your budget, and any extra fees, all you have to think about is the lease agreement terms.
Lower Fees: The finances that come along with renting are pretty straight forward. You are responsible for your rent payments, utility bills, and depending on the landlord, an insurance policy must be in place. On the other hand, owning a home comes with a list of fees that quickly add up. Aside from your mortgage, you will have to be prepared for a down payment, lawyer fees, maintenance fees, and property tax.
Access to Amenities: many new apartment and condo developments offer amenities for the residents, and this is often included in your lease. Enjoy a swimming pool, fitness centre, or a lounge area without having to step outside or fork out thousands of dollars to have it in your home.
Real Estate in Windsor, Ontario is thriving! There are many great rentals listed on the market for a fair price. If you’re looking to move to Windsor but do not want to buy a house right away, then you will have plenty of rental options available. If you’re a Windsor resident and just want to move to a new neighbourhood, or wanting a new space, check out the listings nearby. The booming LaSalle has beautiful, turn key condos that are ready for you to move in, with rent for as low as $2,650. This is your chance to live in a luxury neighbourhood, with a luxury lifestyle, while enjoying the amenities and access to one of the best areas in Canada. All without having to worry about the high expenses. Talk to your realtor today to see your options and to choose what will make you comfortable, happy and feeling at home.