If you’re like many, you’ve been reading about why it’s best to buy your home, even if it’s an apartment or condo. However, with all that information, you may not be ready to buy. In this case, Santa Barbara apt rentals are still an excellent option for you, and there are many reasons to consider renting.
Not Quite Sure
Do you plan to live in Santa Barbara for the rest of your life? Do you think you’ll be relocated in the near (or not so near) future? Are you single and without children? Many people prefer the freedom of movement associated with apt rentals because they can leave when the lease is up and don’t have to worry about trying to sell a house or unit.
Amenities
Whether you buy or rent, an apartment offers luxury amenities that homes can’t. In most cases, you can still use the amenities, even if you rent the space, though each building and owner are different, so you’ll want to read the fine print first. You may have access to lounges, heated pools, spas, gardens, fitness centers and other luxuries that you wouldn’t find with homeownership.
Fewer Costs
Santa Barbara apt rentals usually have fewer costs associated with them than buying. For example, you’re probably going to have to pay HOA fees to the building owner, though some apartment dwellers don’t. However, you’re not going to have a mortgage, property taxes and other associated fees if you rent instead of own.
Selling Problems
If you own a condo, apartment, or home, it can be a lot tougher to sell. Condos and apartments are especially hard to sell because the HOA has to approve the new resident and they have to qualify. It’s much easier just to leave when your lease is up or renew it, depending on your needs.
