Choosing to rent or buy your first home as a couple isn’t an easy decision to make. Each offers a number of benefits and could provide a start to your life as newlyweds. Fortunately, with some careful consideration, it becomes possible to narrow down the options. Here are a few reasons why renting may be the best option. 

Why Rent a Home?

1. Flexibility

Rental property contracts are usually short-term, which provides an opportunity to stay flexible. If there’s a sudden need to reduce living costs, you can simply alert the landlord and begin looking for a more affordable place to live.

Mortgages, on the other hand, enforce penalties on those who back out of their agreement early, increasing the difficulty of changing your living situation in an effort to save money.

2. Low Risk

You don’t own the property. If the market suddenly tanks or a natural disaster causes costly repairs, there’s little to no effect on your personal finances. Homeowners, however, have to take full responsibility for anything that occurs on the property. It’s a full-time investment that requires keeping up with insurance payments and upgrading materials to maintain a livable environment.

3. Stability  

Renters don’t have to worry about foreclosure and their credit being affected by it. In fact, landlords can’t legally kick you off the property unless there’s a serious issue with the rent. This produces a sense of stability and could ensure that you always have a place to live.

4. No Taxes

Every person who owns property is required to pay taxes on it every year. Depending on the location, this can make otherwise affordable options seem out of range. Renters don’t have to factor property taxes into the equation. Their only responsibility is to pay rent, which instantly eases the financial burden and allows for saving money.

If you’re in the market for a rental, reach out to the property experts at Realty Roundup. They have been in the business for more than 30 years and provide property management services all throughout Elk Grove, Galt, Lodi, Stockton, and the Greater Sacramento area. They maintain some of the industry’s most competitive rates and come highly recommended for their friendly customer service. Learn more about the properties that they have available by visiting their website. Call (916) 685-6601 to schedule an appointment.