With renting your monthly payments can be significantly cheaper than paying a mortgage. Depending on where you choose to rent, most one bedroom apartments cost around $400 - $600 a month. When renting an apartment it is also likely that you will not have to pay some of your utilities. Everywhere is different but I have found that most places your trash, water and sewer, and in some cases your heat is paid for.
Depending on where you live and how old your home is will determine your mortgage payment. There are so many new homes being built that people are not wanting to buy old homes which means your mortgage will be more if you buy a new home that has just been built. With buying a home comes all of the extra expenses that you don’t have with renting. The homeowner has to pay all of the utilities, trash, and worst of all the dreaded property taxes. With having to pay all of those things it can put you on a tight budget.
The best perk of renting is, not having to worry about repairs. When you have a leak, electrical problem, plumbing problem, or anything goes wrong in your apartment all you have to do is call maintenance. You see all of the commercials for the repair people and thank your lucky stars that you never have to call any of them. You don’t have to wait around for someone to come because they can just let themselves in.
I will never forget the day that my mother asked me to stick around the house because the cable guy was coming. “He should be here around 10:00,” my mom said. That was the biggest joke I had ever heard after sitting around until 1:30 before the guy ever showed up. When something goes wrong with your home it is your...