Searching for the best rental homes in Greenville SC can be challenging for any one. Should you choose the sprawling ranch or the Colonial Cape Cod? The Modernist home or the Romanesque Victorian mansion? The choice often boils down to what you can actually afford. Keep reading to learn about the benefits of rental homes in Greenville SC.
Low Ownership Expenses
Those who rent property rather than purchase it are able to save money in various ways. If you were a homeowner, you would be responsible to take care of every problem that arose in the home, whether the problem was a leaky roof that ruined the bedroom ceiling or a broken pipe that flooded the basement. These additional costs can add up to hundreds of dollars per year, depending on the situation. As a renter, these problems would be the landlord’s concern instead of yours.
Away with Down Payments
The typical home purchase requires a down payment of 20 percent. At $175,000 for the average new home, that amount comes to approximately $35,000. While some people may not feel any qualms about spending this amount, others may have second thoughts. Since homes are generally poor investments, that $35,000 may be better spent on other more lucrative investment opportunities.
Move When the Mood Strikes
What if you receive a long-desired job offer from halfway across the country that requires you to relocate? Suppose you live in a one-bedroom apartment and you find out that you and your spouse are expecting twins? If you have a rental property, the surprise and upheaval of these circumstances is lessened, as you will not need to sell your home before you can move on. You can simply pack up and leave as soon as your lease expires, or sooner if you lease contains a termination clause.
Decreased Monthly Costs
Those who live in rental homes in Greenville often pay less money than those who are bound to monthly mortgage payments. After adding up all the costs associated with owning a home (mortgage payments, property taxes, insurance), rental properties are usually cheaper options for the financially-constrained.
Amenities Galore with Rental Apartments
Rental apartments often have certain amenities that can improve the quality of life for those who live there. These can include community gardens, nature trails, after-school programs for children, fitness centers, coffee bars, game rooms, swimming pools, movie screening rooms with theater seating and resident social activities. The ability to socialize with others and to participate in group events can help provide a sense of community for those who live in rental apartments.
Fewer Unexpected Expenses
If you are looking for financial stability, renting may be the way to go. Monthly expenses for the renter tend to be relatively stable compared to those of the homeowner, who must contend with and make provisions for everything that goes wrong with the home. Because they do not have a mortgage payment, renters may also find it simpler to handle financial hardship.
No Market Risk
Home purchases can be viewed as putting money into the stock market. If the value of a home increases, the homeowner would benefit if he or she should choose to sell. On the other hand, if the value of the home decreases, the homeowner may be stuck with an underwater mortgage.
If you wish to live in an urban area, you may be hard-pressed to find an affordable home for purchase. If you are willing to rent, however, you will be spared the hardship of shelling out tens of thousands of dollars to make a down payment. The excitement of the nightlife and proximity of the property to work in the busy city can be yours with houses for rent Greenville SC.
Rental homes in Greenville can be a great way to put a roof over your head and to thrive at the same time, without the extra expenses that are naturally incurred as part of owning a home. Consider houses for rent Greenville SC as a viable option to increase your financial flexibility and to enable you to have greater control over the area in which you’d like to live. Absolute Property Services can help you find the perfect home for you and your family at pricing you can afford. Let us help you get started on your rental property search for the place that best meets your unique needs and/or personal desires in a home.
Absolute Property Services, LLC is a professionally licensed property management organization providing full service residential and commercial property management services in Greenville, Spartanburg, and Anderson counties. Our portfolio consists of single family homes, condos, duplexes, apartments, mobile home parks, and commercial rentals.
Our customers are the reason we are in business. Without them, we have no business. We will treat each customer as we would wish to be treated; fairly and with respect. We will consistently provide our customers with the highest quality service and products with exceptional value.