How to Know If Renting an Apartment in Boston Is Better Than Buying a House

DESCRIPTION: Many people wonder about whether they should buy a house. Renting an apartment can have many advantages and be a better option for some.

With the recent troubles in the housing market, many people are wondering as to whether looking for Apartments for Rent Boston is better than trying to find a house to buy. In many regards, renting a good apartment could be better than buying a house. Here are some of the advantages of renting an apartment in Boston:

  • No need to worry about the housing market

While you may get a lower price on a house now that the real estate bubble has burst, it can still be quite a challenge to find a house that suits you well at a price that you are willing to pay. Many people who buy a house end up selling it at some point. The issue that this creates is that selling your home is a complicated process and involves various costs plus copious amounts of paperwork. Furthermore, you would also need to find a buyer which would be willing to pay your asking price, which may not be very easy if the real estate situation does not improve. With the ongoing economic uncertainty, buying a house may not be such a good idea for many. Also, unless you can pay cash up front for your home, you would then need to apply for a mortgage, which is also not an easy thing to do anymore.

  • Better services and less things to worry about

As a homeowner, maintaining your home would be your responsibility all the way. So if ever there is a problem with the plumbing, or if the roof is leaking, then it would be your responsibility to fix it, at your expense of course. Major repairs to a home could end up costing you tens of thousands of dollars. When you rent an apartment, you have much less to worry about, as maintenance of the building is the responsibility of the landlord. Furthermore, you will find that many Luxury Apartment in Boston offer additional services that you obviously wouldn’t get it you buy a home. These include housekeeping, dry cleaning services, free internet access and cable TV, plus many more. Also, luxury apartments Boston are known to offer some very good amenities, such as swimming pools, a gym or fitness room, a garden, a parking garage, etc.

  • Good solution for those not staying permanently in Boston

Renting an apartment is the best solution if you will only be staying in Boston for a fixed amount of time. While most apartments require you to sign a lease for 12 months, you will find that some apartments can be rented on a monthly or quarterly lease. Even if you are staying 2 years or so, it will be much less trouble to just rent an apartment instead of going through the whole process of buying a house and then having to sell it as you leave Boston.

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This entry was posted on Wednesday, September 7th, 2011 at 2:36 pm and is filed under General, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.