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Why Rent an Apartment?

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Why Rent an Apartment?

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For some people, renting an apartment is a temporary arrangement, while others happily rent for a lifetime. Renting and purchasing a home each have their respective advantages, and of course, many people both rent and purchase homes at different times throughout their lives. Here we examine some of the perks that keep many potential home buyers renting long term: -Low maintenance lifestyle. Perhaps one of the most attractive aspects of renting an apartment is that under normal circumstances you do not have to foot the bill for repairs and maintenance. If an air conditioning unit fails, a water leak forms or a toilet quits working, homeowners can be out thousands of dollars. Many renters are attracted to a lifestyle free of home repairs and yard upkeep. -Cost advantages. Usually, renting an apartment is less costly than purchasing a comparable home. Even with a mortgage payment comparable to rent, homeowners incur additional costs from property taxes, repairs and maintenance. Additional

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