Many newlyweds dream of starting their new marriage with a new dream home as well. But should you rush out to buy a home? For many couples, the answer may be "no." Renting an apartment could be a smarter choice for a variety of reasons. Here are a few of the most common and compelling.
1. Renting Is Budget-Friendly.
Many couples face a budget crunch when they first marry. This could come from the cost of the wedding and honeymoon or the result of combining two households and learning each other's money habits. It may even be that one or both partners is new in their career or changed locations. In any case, renting usually costs less than owning a home and monthly expenses are more predictable.
2. You Have No Home Maintenance.
Newlyweds often want to spend their time doing other things than home maintenance. When you buy a house, all the repairs, maintenance, upkeep, and updating of the property is your responsibility. In apartments, the landlord handles most of this. You and your new spouse are free to spend your weekends making romantic meals for each other rather than changing air filters.
3. You Can Be Gone.
Most newlyweds want to be free to get away when they want. Apartments facilitate this in several ways. They're often surrounded by neighbors and in safe complexes. Landlords can help keep an eye on your place. And the lack of yard or home maintenance generally means you can be gone without things left undone. Whether it's an extended honeymoon or trips to see the family, travel is easier when you rent.
4. Your Location Is Flexible.
As you start a new life, you may not be in the exact right location for a permanent home. Your priorities might be different as you start a family or you might just not quite know what kind of home the two of you want as a couple. Either way, unlike homeowners, renters can easily move on when their lease is over.
5. You Can Prepare to Buy.
Not everyone is in the right place to buy a home straight away. You and your partner may want to take the time to improve credit scores, build up a down payment, or figure out what you really want. An apartment gives you the time you need.
Which of these perks of apartment living could make your time as a newlywed even better? Whether you want time to get your finances in order, to figure out what house you want to buy, or to spend time as a couple, renting makes life as a new couple easier. Learn more about apartments for rent in your area to find the right spot to start out your marriage.