Recession Got You Renting Again?


Don't sweat it. Whether by circumstance or choice, renting again ain't so bad. In fact, it might be the smartest financial move you make. In addition to enjoying your weekends while your home-owner friends are cleaning gutters and fixing toilets on Saturday afternoons, you've got some other reasons to be happy.
Remember the financial advantages of living in an apartment
Your new apartment is probably smaller than your previous residence. Therefore, there's a good chance your heating, cooling, and other utility bills will be less expensive, too. You'll also skip property taxes and homeowner's association fees.

Consider the reduction of "stuff" a good thing
Invariably you'll have to pare down to move from a house to an apartment. This can be difficult. However, it can also be freeing. Editing your possessions down means keeping only the things that are really important to you. Consider it decluttering your life.

Your chore list just got smaller
No more mowing lawns, cleaning gutters, or a myriad of other tasks. Well done.

A new beginning

Transition from a home to an apartment marks a new beginning. Make the most of it. If you're feeling "homesick" remember to regularly connect with the people who matter most. Reach out to new people and make an effort to get socially involved.
 

Add Your Comments


Please keep your comments relevant to this blog entry.Email addresses are never displayed, but they are required to confirm your comments. When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.


To create a live link, simply type the URL(including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted - no need to use <p> or <br> tags.

Poll

Mortgage rates are at an all-time low. What's keeping you from buying?
Lender requirements are too strict. I can't qualify for a loan.5025 (39.5%)
I have to sell my current home first.4348 (34.2%)
You could bring the interest down to 0 percent -- I still couldn't afford the monthly payments.3359 (26.4%)
AOL RealEstate on Facebook