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Renting before buying| What to expect
Whether to rent or buy is a big question in a lot of people’s minds right now. There is still a bit of fear attached to the property management in Greenacres issues and folks want to take their time. This is a bit unfounded but also understandable. Buying a home is one of the most expensive investments you will ever make and it should be done wisely. There are some facts about what it will be like to buy in some places and what it will be like to lease.
Renting for one year at a time is best
Looking for a home may prompt you to seek out short-term leasing. However, this may cost you more in the long-run and eat away at your home-buying budget. People will ask for short-term because they don’t want to buy out the rest of their lease when they break a yearly one. These are things to take into consideration prior to buying. We suggest the yearly simply because it’s going to be 3 months before anything really closes typically. The buying process can be timed against your lease. If you just look around and deal with your budget first then buying a home within the following 6 months could work.
If you are single it can get even cheaper
Being single is something that is a plus. Just the fact that you are in a position to buy a house in the first place deserves a kudos. But, being single also offers another housing plus. This means you can rent a room. These typically run about $500 -$600 a month and there is no lease it’s month to month. You just pay your rent until you are ready to move to your new home. It’s that simple. Roomster.com and Roommates. Com are the better places to seek out people that are renting rooms in your area.
Dealing with the property management
You may get a month to month after a 6 month lease but keep in mind it’s more expensive. Ask them and see what’s offered