{"id":4610,"date":"2017-01-26T19:43:03","date_gmt":"2017-01-26T19:43:03","guid":{"rendered":"https:\/\/chilliwackapartments.com\/?p=4610"},"modified":"2024-11-05T21:49:23","modified_gmt":"2024-11-05T21:49:23","slug":"renting-vs-buying-whats-best-bet","status":"publish","type":"post","link":"https:\/\/chilliwackapartments.com\/renting-vs-buying-whats-best-bet\/","title":{"rendered":"Renting vs. Buying: What&#8217;s Your Best Bet?"},"content":{"rendered":"<p><strong>Why Rent? Lets look at the facts&#8230;<\/strong><\/p>\n<ul>\n<li><strong>LOWER DOWN PAYMENT \u2013\u00a0<\/strong>The number one benefit of renting an apartment is that you don\u2019t have to save for a large down-payment.\u00a0 When buying a home, you will have to make a deposit of at least 5% of the purchase price.\u00a0 However, when renting an apartment, you only have to make a security deposit equal to half of one month\u2019s rent.<\/li>\n<\/ul>\n<ul>\n<li><strong>LOWER MONTHLY COST \u2013\u00a0<\/strong>When you buy a home, you have to pay for both the monthly mortgage payment, property taxes, and regular building upkeep.\u00a0 This is more than the rent you would pay if you were a resident..<\/li>\n<\/ul>\n<ul>\n<li><strong>DON\u2019T WORRY ABOUT MAINTENANCE \u2013\u00a0<\/strong>The cost of maintaining a property is paid for by the landlord.\u00a0 Maintenance is a big cost of owning a home, which you can avoid if you become a resident of Langley Apartments.<\/li>\n<\/ul>\n<ul>\n<li><strong>APPLIANCES ARE FREE \u2013\u00a0<\/strong>Appliances can be very expensive. \u00a0When you rent an apartment, appliances are included! \u00a0However, if you buy a property then you have to purchase appliances such as a fridge, stove, and microwave and pay for the maintenance to repair or replace them as they age.<\/li>\n<\/ul>\n<p>Stirling&#8217;s Dr Isaac Tabner, Senior Lecturer in Finance and Director of the MSc in Finance, said: &#8220;It is often thought that buying a house makes more financial sense in the long run: however, renting is frequently more worthwhile than buying for financially-constrained households, as well as households likely to relocate within 10 years.<\/p>\n<p>Read more at: <a href=\"https:\/\/phys.org\/news\/2017-01-benefits-renting-home-underrated.html#jCp\">https:\/\/phys.org\/news\/2017-01-benefits-renting-home-underrated.html#jCp<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Rent? Lets look at the facts&#8230; LOWER DOWN PAYMENT \u2013\u00a0The number one benefit of renting an apartment is that you don\u2019t have to save for a large down-payment.\u00a0 When buying a home, you will have to make a deposit of at least 5% of the purchase price.\u00a0 However, when renting an apartment, you only&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/chilliwackapartments.com\/renting-vs-buying-whats-best-bet\/\" class=\"excerpt-read-more\">Learn More<i class=\"fa fa-angle-double-right icon-double-angle-right\"><\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":58,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[27],"class_list":["post-4610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apartment-living"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Renting vs. Buying: What&#039;s Your Best Bet? | Chilliwack Apartments for Rent in Chilliwack, BC<\/title>\n<meta name=\"description\" content=\"Check out our Chilliwack Apartments for Rent - Why Rent? 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