Who doesn’t want to own a house or an apartment to live? But many people who cannot afford a house or apartment of their own have to settle for using rentals for living. People who work in the city find it more comfortable to find a city rental near their work place or office as they can save a lot of time that they spend commuting from their homes to their work. Many people claim that owning a house is better than renting one. But according to the property experts, when it comes to city rentals, people commuting from the suburban areas of the main city should use city rentals.
Some of the reasons to use city rentals are:
1. No property tax
If a person rents a place to live, he is not liable for any property taxes. This is one of the major benefits for people using city rentals. They can live where they want, in a house or apartment as big or luxurious as they want and they will not have to spare any single thought to the property taxes.
2. Get up and go at a whim
For a person whose work takes him to places or someone who doesn’t want to settle down in one place city rentals is the best choice.
3. Mortgage free
When a person rents a house or an apartment he doesn’t need to worry about the declining prices of the properties. City rentals can give a person peace of mind that he only has to worry about the rentals, whatever the value of the property might be; it is not his headache.
4. Freedom of investing
A person who has not bound his money into buying a house or an apartment, instead lives in a rental property has the freedom for investing this money into a venture of his own. His money will n0ot be tied down to a piece of property that may lose its value.
5. No maintenance cost
When a person owns the property, he is responsible for all the maintenance whereas a renter does not have to pay any maintenance cost. If there is a problem or something needs to be fixed, all a renter has to do is contact the property owner, who will then be responsible for bearing all the maintaining cost.
6. Cheaper insurance
Insurance borne by the homeowners is a couple of times more than the insurance cost charged to the renters. Ease of low insurance is a great benefit available for rentals only.
7. Parking packages
In a city full of people, buying an apartment with parking space is hectic. People end up with apartments that have no associated parking space. In cases of city rentals, parking packages are available and can be availed by the renters.
When people go for city rentals, they can choose those which come with other facility centers like gyms or fitness centers, pools, surround sound theaters and spas. Of course these are also available for home owners, but to make rentals more appealing, the membership for these facility centers is usually low for renters.
Sean Kim is a freelance blogger and a traveling enthusiast. His skills for writing on beach houses vacation & vacation rentals had been improved since he had worked closely with Long Beach Island Realty.