If you?re at the cross-roads of whether you?re going to buy a home in Philadelphia, or rent a luxury apartment, the answer is simple: rent an apartment, townhome, condo, or free-standing home. Rent a loft, even! Just don’t become a homeowner! After all, Philadelphia is home to the some of the best luxury apartments. Often times, it is more cost-effective to rent because there are no maintenance costs or general up-keep costs that homeowners usually have to deal with.
Not only do people who rent save about $500 each month over those who choose to buy a home, but they do so without having to juggle the risks associated to home-buying. And don?t assume that renting means that you?re limiting yourself to only apartments and townhomes. There are a lot of houses for rent out there too. In fact, an estimated 40 percent of foreclosure is a single-family house or condo being rented out by the owner.
There is also a lot of money to be saved by renting over home buying, money that can be better spent on sightseeing around Philadelphia or by simply investing it. Renting also allows individuals to live the more luxurious lifestyle they desire, and it allows them to live in a better quality space than they would be able to afford if they decided to rent. Renting is also a great alternative for those who relocate often for one reason or another. Fortunately for those living in or moving to Philadelphia, rental rates are at an affordable average of $819, according to 2013 numbers.
So if you?re trying to decide whether to rent or own, take these things into account and think of the money you can save if you decide to rent. Think of the more luxurious space you can live in if you decide to rent. It’s time to check out some of the best luxury apartments Philadelphia has to offer! Let someone else manage the maintenance and upkeep of your space so that you can be free to explore Philadelphia and live life to its fullest!
