Age Old Debate: Should You Rent or Should You Buy

​One of the basic needs of life is shelter.  When you find yourself needing a place to hang your hat:  should you rent or should you buy?  It’s an age-old debate.  Here are a few reasons to look into apartments for rent in Lafayette, La. rather than a home ownership:

It’s convenient - when you rent, you pay your monthly bill and forget about everything else.  There is such ease in the system.  You can set up automatic monthly payments at your financial institution so you don’t have to do remember anything.  If able, you can even pay several months rent at a time.

You travel for pleasure or with your job - if your job or leisure activities take you away from home frequently, it’s nice to know that someone else can keep an eye on their investment. 

You are planning a move—you know that work will take you to a different locale or you want to experience an area for a short time.  The no hassle way to live is to rent.  No worry about re-sale values and most times you can afford to rent a more luxurious place than you can afford to buy.

Upkeep and maintenance are not your concern - if the thought of having to pay to replace an ice maker in your refrigerator, repairing an air conditioning unit during the heat of summer, power washing the fence, and/or mowing grass instead of heading out to have some fun isn’t appealing to you, rent.  Leave those headaches to the landlord or management company.

Community living appeals to you - many apartment compounds have organized activities and common areas that lend to meeting interesting people.  A sense of family can be established for many who are away at school and/or have no relatives in the area.

You don’t like your neighbors - again, you can avoid the hassle and a confrontation and have the manager that you rent from broach the subject for you.  People who don’t follow the rules of many apartment complexes must move. 

You are striving to repair or build credit - being a renter that pays on time in full looks great on a credit report.

No property taxes - if you own a home, you pay property taxes depending on the value of the structure.  As a renter, you avoid those types of taxes.

Amenities—having a pool, gym, maintenance, and security on site at many complexes are benefits a renter can take advantage of without additional expense. 

You just prefer it—as a renter you find the living easier not having the responsibilities and stresses a home owner faces.  It’s what you want and therefore right for you.

Being a renter offers many benefits.  If you would like to maximize the benefits of renting, check out Lafayette Gardens Apartments.

Lafayette Gardens offers a beach front entrance pool, play areas, patios and/or balconies at every unit, gated community, two 24-hour fitness centers, on-site maintenance professionals, basketball court, and one, two, and three-bedroom floor plans.

Come see this beautiful complex at 110 E. Martial Avenue, Lafayette, LA.

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