Should I Rent An Apartment Or Buy A House In Westfield?
Money is King
Costs, both initial expense and reoccurring, can vary wildly between renting an apartment and buying a house. The house buying transaction is overflowing with expenses that normally have to be given upfront - in addition to the down payment. There is earnest money, property appraisal and inspections, first-year insurance fees, and other assorted charges - all before your utility bills even start. Not to mention the additional prices of maintenance and any restorations you may want.
Renting has a considerably lower limit for entry. Standard renting upfront fees include a security deposit, first month’s rent, and other various deposits or payments. While some say that money used on renting is gone forever, money paid on a space to live is never a waste.
Room for Yourself and the Entire Family
What you want from your living space may be the determining aspect in deciding if you should buy a house or rent an apartment in Westfield. The average house size in the US is increasing, meaning more space for an office or an extra bathroom. A home could have a backyard for kids and pets to move freely and play in.
You can discover apartments in numerous layouts and floorplans. For your unit, you can have anything from a 1-bedroom to a townhouse, but they all come in static layouts. Your apartment should have have walking routes and a dog park, and other families living right next to you. Of course, most homes don’t come with amenities like a stocked gym or swimming pool.
All the Bells and Whistles
While the versatility that comes having a house is liberating, it does come with a few strings attached. Should a pipe burst or furnace break, it is up to you or someone you hire to make the repairs. In a rental, there is a trained maintenance staff that is always on stand-by. Not only is having a maintenance professional on-call handy, but it will likely also save you some serious replacement fees. Repair costs are included in your renting bill, while any replacements on a house come directly out of pocket.
Freedom for Your Way Of Living
Your job and lifestyle can be large factors in choosing to rent an apartment or buy a house in Westfield. Selling your home can be a lengthy, complex process. If you work in a position that demands you to relocate frequently, taking on the selling process may be more stressful than it is worth. Renting an apartment is a more simplified process that doesn’t require any real estate agents or banks - just the apartment staff and you.