Renting provides financial stability and flexibility. Financial stability comes in the form of knowing exactly what your expenses will be from month to month. Renters do not need to be concerned with expenses arising from items such as a broken appliance or a burst pipe. It is the landlord’s responsibility to make the repairs if nearly anything in the rental home breaks. Financial flexibility comes in the form of a yearly lease. If your financial situation changes, you are able to move to a new rental home that better suits your financial needs as soon as your current lease is up.
Another benefit to renting is that upfront costs are minimal. Most communities require a security deposit at the beginning of a lease, but oftentimes the deposit is returned at the completion of the lease. This low upfront cost allows renters to use any excess cash for investments, vacations, health care, or any other needs they might have.
Emotional factors come in many forms, but center on the decreased stress that comes from renting. First, renters need not worry about the effect the fluctuating real estate market has on their home’s value. In addition, while costs such as taxes, community maintenance fees, and homeowner’s insurance are generally built into the rental price, renters don’t have to worry about paying these costs directly or receiving an unexpected bill if they increase. Furthermore, because the landlord is responsible for the maintenance and upkeep of the home, yard and other common areas, renters don’t have the stress or financial burden of handling problems that may arise. Thus, renters can live virtually worry-free … at least with regards to the consistency of their monthly expenses and the maintenance and upkeep of their home.
When looking for a rental home, one option to consider is an age-qualified lifestyle community. Besides offering an affordable monthly cost, these communities enable renters to live in a stand-alone home rather than in an apartment complex or condominium. Oftentimes, the communities require that residents are age 55 or over, so renters in these communities have neighbors with similar interests and lifestyles. The communities frequently offer professional on-site management, so the community and grounds are very well taken care of. In addition, residents are able to enjoy resort-style amenities such as pools, golf courses, recreational centers, tennis courts, fitness centers, athletic leagues, planned community events, and more.
If you are interested in renting a home in an age-qualified lifestyle community, consider Equity LifeStyle Properties, Inc. (ELS). ELS has been the leader in high quality, affordable lifestyle communities for more than 30 years. ELS operates more than 340 lifestyle communities and RV resorts in prime locations throughout the nation. With a focus on quality in service, amenities and value, an ELS community offers endless benefits, providing its residents with affordable living, exceptional amenities, recreational opportunities, and a welcoming environment. For more information, call 800-274-7314 or visit www.EquityLifestyle.com.