To most Americans, owning a home is almost considered a basic necessity. However, the poor economy and loss of equity amongst homeowners has caused many to scratch their heads and wonder if the concept of “life long renting” might not be a better option. For REE Apartments, a St. Paul based property management company, the issue is not even up for debate.
“If we took a poll, I would say that our average renter has an overall better quality of life and less headaches than the home owner,” says Tracy Bolton, Executive Director of Marketing at REE Apartments. “When I was a kid, it was automatically assumed that you would go buy a home when you entered your late 20’s or early 30’s. The problem is, home owners are experiencing diminishing returns from this ownership,” continues Bolton.
Top Five Reasons to become a life long Renter:
1. No Interest Payments: Rapidly fluctuating home prices, coupled with interest payments, make owning a negative gain proposition.
2. No maintenance costs: Home ownership is almost synonymous with high maintenance costs. When you rent you have 24 hour assistance with plumbing, lighting, etc. And it never costs you an extra cent.
3. More freedom: Homes are currently sitting on the market for one year or more. When you rent you have more control over when and where you are able to live.
4. Live in Luxury: Apartment living often provides individuals with the ability to live in a nicer apartment than you otherwise would be able to afford. Upgrades such as granite, stainless steel, etc. are standard in many apartment homes.
5. Insurance & Property Taxes: Guess what? There aren’t any when you rent. In fact, most people could take a trip to the Caribbean every year for the same cost as property taxes alone.
For more information on our St. Paul Apartments/Twin Cities Apartments you can visit our website at http://www.reeapartments.com.
