Those that have kids know that there will come a time when they will have to leave the bird’s nest and be their own persons. Some of you parents out there might already be experiencing this phase, and it might be unpleasant or at least hard to think about adjusting to a new lifestyle. However, you can take a little comfort in knowing that they’ll be starting their life journey. If they’re going to live somewhere else, it’s important to put enough thought in where that “somewhere” actually is. There are multiple solutions that students find when leaving home, but one of them is renting a place. While some might think that’s a little too much, there are actually great advantages to renting a place. Students can also find great deals that are designed specifically for them with perks like being able to live near campus at The U Apartments.
So why look into the kind of student housing UC Davis can offer for example, instead of checking out other types of housing or even buying a small place? Those that are strongly considering helping their kids buy an apartment might be better off checking the rest of this article before doing so. Here are some of the benefits of renting instead:
Repairs are necessary now and then and can’t be avoided. It’s not a matter of being careful about not breaking anything, because sometimes things just break such as a water pipe. Situations like this require immediate repairs for which most won’t be prepared, so an unexpected expense arises. In the situation of owning an apartment that can be quite hard on your budget but renting allows you to not stress about it because your landlord will take care of it for you. This is a huge relief for your wallet as well.
Like swimming pools? A good swim in the pool can be great, especially if it comes after a good workout at the gym. Such facilitations come in modern apartment complexes for rent. Owning a home won’t usually come with its own gym and those that have swimming pools can be expensive to maintain. Renting gives you access to the apartment complex’s facilities for a small fee per month. That’s value right there.
Rent requires you to pay an amount upfront. Usually it’s a 100% deposit but considering that we’re talking about monthly rent, it’s not that budget crippling. Downpayments on house purchases can be very hard to pull off because they’re usually large numbers involved. Some might not be able to put down so much cash up front and even if they can, it will create a lot of problems and headaches as far as other expenses and budget management are concerned.
Taking things like this into consideration can save you a lot of money and stress. Sure, it might feel great to be the owner of your own place, but there are a lot more expenses, meaning that once you buy a place your paying days are far from over.