Thousands of people rent a flat in their location of choice. For some, it makes perfect sense to rent a smaller, easy to maintain property in a location they like and at a price they can afford.
This may be an option you’ve thought about but aren’t too sure whether it is right for you.
Here, we look at five reasons why renting a flat in Worcester could be of benefit to you.
Are you between homes?
Are you about to sell your house but haven’t found a new place to live? Has your personal situation changed, and you need a home just for you in a suitable spot while you get yourself sorted?
If you are between homes, for whatever reason, you may need to find a temporary solution, and a flat could be just what you have been looking for.
The benefit of course is that you will give yourself time to get organised, particularly if you are not yet ready to buy a new home.
Are you saving to buy a home?
We know that saving up a deposit is a tough task, but it can be done. Renting a flat in Worcester gives you the opportunity to save money but still have somewhere nice to live.
Perhaps you’re living with a friend or relative and need somewhere to call your own before you get on the property ladder. A flat is a perfect solution to a need for independence.
If you’re young, the added benefit of course is that you are more likely to find a flat near to the centre of a town, saving money on commuting costs.
Is a flat a more flexible choice for you?
Everyone is different, and their housing needs will be different too. So, a flat could be the more suitable choice for you.
- Perhaps you don’t feel ready to be a homeowner yet.
- Perhaps you don’t want a garden.
- Perhaps you want to live in a certain area, but the cost of buying is out of reach.
- Perhaps your job means you move around so a short-term rent is ideal.
If you buy a house, you will be investing for the long-term – and that may not be right for you at this time.
Do you need to keep costs low?
Renting a flat could prove beneficial if you need to keep an eye on your budget and don’t have spare money for decoration and maintenance. If work needs to be done, this will be the landlord’s responsibility.
There will be some responsibilities and costs that you will have to take care of, but you won’t have the usual maintenance costs associated with owning a home. You also won’t have costs when going through the process of buying, including conveyancing, searches, and buildings insurance.
Do you need less risk?
It’s fair to say that some people think buying a house is a risk. What happens if the housing market falls flat? What happens if a large development is built right next to your house? What if you run into financial difficulty?
But these concerns are natural and for most home owners they will not be an issue! However, if you are a little unsure and “risk averse”, then perhaps renting is better for you right now.
You won’t have to worry about property values and such like because the property is not yours.
We deal with many people who are in two minds about renting or buying and what works for some will not work for others, but we are here to help and will use our experience and knowledge to help you make the right decision for you.
Call us on 01905 616330 or email info@sheltonandlines.co.uk to chat with a member of our friendly and experienced team.