Why Rent?

When choosing a place to live, the very first question you need to ask yourself is whether you should buy or rent. While the lifelong goal for many is to own a home, homeownership may not be for everyone. Renting has many advantages and can be the right decision for you at this moment in your life.   

Why should you consider renting? 

Lower costs 

Financial circumstances are the most common reason to choose to rent over buying a home. Renting can be less expensive than buying a home for many reasons. While renters do have to generally pay a security deposit equal to one month’s rent, they do not have to make a much more exorbitant down payment – usually around 20% of the home’s value. In addition to this, renter’s insurance and utility costs also tend to be much cheaper than those of homeowners. 

Maintenance free living 

Another significant advantage to renting is the lack of maintenance fees and repair costs. As a renter, your landlord or property owner assumes full responsibility for all repairs, maintenance, and renovation costs. This means that when a repair or improvement is needed, one can call their landlord or owner to take care of it. At Borror Properties, we offer on-site maintenance to help our tenants with any needed repairs.  

Amenities 

Amenities are a huge bonus when it comes to renting. Whether it’s a 24-hour fitness gym, rooftop deck, or a glistening pool, these amenities tend to be included in the price of rent and are accessible to all renters. Homeowners must spend hefty prices on installing private gyms or pools to have these amenities. 

Flexible living 

Renters can live and move anywhere they’d like, and as often as they want. Renting is much cheaper in cities and highly populated areas, which makes living in New York City or Los Angeles or Columbus much easier to manage. Renters are also more flexible in the size of their property. The upscaling or downsizing processes are much simpler for renters than homeowners. 

Convinced renting is the right move for you? Check out our available floorplans at 985 High at the Castle, The Beeker, and Xander on State.