When relocating to a new city, it’s important to take into consideration all of the housing options available to you. Though many people moving to the city consider purchasing a condo unit, they also find that renting apartments in Leesburg VA offers numerous advantages over owning a condo. Of course, it’s understandable that you have your doubts before choosing a place to live, which is why you should consider some of the benefits of renting an apartment:
Affordable: Purchasing a condo is expensive, not to mention you need to take into consideration closing costs, HOA fees, moving costs, and the price of renovation if it’s necessary. On the other hand, you can move and rent an apartment even on a tight budget. You will need to make a deposit, but there are no additional costs for you to worry about as there are with purchasing your condo.
No Maintenance: One of the biggest advantages of choosing to rent apartments in Leesburg VA is that you don’t have to worry about maintenance. Whether it’s something trivial such as cracked concrete or something serious such as a roofing problem, you can rest assured that the management team will hire the necessary professionals to take care of it all. This is something well worth considering as when you own something you will be held financially responsible for the upkeep.
More Flexibility: An apartment rental offers you plenty of flexibility should you choose to move again in the near future. You do need to honor the terms of your lease, but once your lease is up, you’re free to move again. On the other hand, if you own a condo, you can’t just up and move without selling your unit first.
No HOA Fees: Though HOA fees have been mentioned before, it’s well worth mentioning them again. Depending on where you purchase your condo unit, you may end up paying hundreds of dollars just in HOA fees. These fees you will never get back and you only really get basic landscaping for the price. On the other hand, when you rent an apartment, landscaping is taken care of for you and there are no additional fees attached.
There are certainly some situations where outright owning something is a good idea. With that being said, it’s a lot more reasonable to rent an apartment first to check out the area.