6 Reasons You Should Rent a House, Apartment or Loft in Kansas CIty.

While most people will readily admit they would like to eventually own a home, there are some great reasons to rent in the meantime. There are even some advantages to renting over buying in Kansas City. Let’s explore the Top 6 reasons renting is great!

1. Freedom
Renting provides people of any age more freedom to move. Renting means you’ll be more able to jump at a new job, a new school or even check out a new neighborhood. Unlike the homeowner who would have to sell, all you have to do is legally break your lease, load up and move. It might not be quite that simple, but you get the idea.

2. Less Money Up Front
Of course you will have to pay out a security deposit, first and last month’s rent and possibly even broker fees, but what you don’t have to pay out to rent is a lot! A homeowner would need to come up with a down payment, closing costs, lender fees, inspection fees and tons of other “hidden costs” just to move in.

3. Lower Overall Monthly Expenses
It might be true that most mortgages run less than rent in some areas, but the mortgage isn’t the only bill a homeowner has to pay. As a renter, you won’t get stuck with property taxes, other government charges, homeowners insurance and so on. Plus, you won’t be the one holding the bag if something breaks.

4. Less Obligation
Speaking of not holding the bag, as a renter you won’t have to keep money or a line of credit ready to pay for big repairs, such as a new roof, a leaky pipe, carpet replacement and so on. This is one of the biggest and best luxuries of living in a rental. You get to enjoy everything, and if it breaks, the landlord has to pay (unless of course you’re responsible for the damage).

5. Equity Nightmares
While it’s true homeowners can really build up equity in their homes, sometimes this isn’t the case. With the real estate market on a constant roller coaster ride, some homeowners find themselves owing more than their home is worth. As a renter, you will never have to deal with being upside down in a home if you find yourself in need of moving.

6. You Can Still Rent A House!
If your heart’s set on living in a single-family home, renting is still a great option. By renting you get most of the advantages of home ownership without the disadvantages. You still get your own yard, privacy, space and more. Plus, you’re not responsible for those big repairs we mentioned earlier!