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Renting vs. Buying a Home

Moving

May 23, 2020

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5 min

After living in an apartment for a few years, you may decide you decide you want the benefits of living in a home. From more space, to the convenience of not having to carry groceries up multiple flights of stairs, to outdoor space, there are many benefits in living in an apartment. But, before you can start looking for houses, it’s important to decide if you want to buy or sell the house.

Interested in learning more? Find a breakdown of both options below.

Advantages of Renting a Home

• Predictable monthly expenses: When you rent a house, you can more easily budget for your living expenses. Each month, you’ll have the same set expenses such as rent, pet rent and rental insurance.
• More flexible living: One of the biggest perks to renting is that it’s a more flexible option. If after living in an area for a year you decide it isn’t where you want to be anymore, you can easily move without the stress of selling your house. For someone looking for a short term living option, renting may be the best option for you.
• More convenient: If the roof needs repaired, the refrigerator goes out or an outlet stops working, the cost of the repairs falls on the homeowner and not you. Not having to worry about additional expenses is a huge benefit for renters.

Advantages of Buying a Home

• Build equity: When you buy a house, you’re investing in your future. Instead of putting money into a rental, you’re putting money into something you’ll own. Over time as your pay towards your mortgage, you’re paying into something you’ll eventually own.
• Sense of community: When you buy a house and will be living there for a few years, there’s a greater pull to get involved in the community. From attending events to getting to know your neighbors, living long-term in an area helps to increase the sense of community.
• More flexible: When you own a house, you have more flexibility with any changes you want to make. For example, if you want to add a deck to the back of the house, repaint the kitchen a different color or add an extension onto the back of the house, you have the flexibility.

Clear Household Clutter With a Storage Unit Rental

Whether you rent or buy a home, you may benefit from using a storage unit rental. When you move into a new house, you want it to stay organized. For some, this may mean you need to store out of season items clothing, shoes and other items in a location outside of your home. This is where can help.

ezStorage has storage facilities all throughout Washington, DC, Baltimore, MD and Virginia. We’ve recently rolled out a contactless rental option that allows our customers to rent a storage unit from the comfort of their homes. If you prefer to visit a location onsite, our staff is available to assist you. Rent a storage unit with ezStorage today!

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