Why Rent?
Contributed by Amber Fluit, CAM, Property Manager Samuelson Development
“Renting can help you save for your perfect house and is a great stepping stone toward ownership! ”
After your big day, you may want to jump into buying a house. But with all the planning of your wedding, consider renting an apartment or townhome before purchasing your home. Why? Here are a few reasons why renting may be a good avenue for you and your spouse:
Monthly rental rates are typically cheaper than mortgages
- Sure, one can argue that rental rates are climbing even for one-bedrooms. However, when you take a mortgage, insurance, fees, property taxes and miscellaneous repairs around your house, your monthly payment can be well over $1,000. That is considerably higher than a one-bedroom or two-bedroom apartment in Sioux Falls.
Maintenance-free
- The best thing about renting is, it’s maintenance-free! Landlords hire maintenance technicians to complete the maintenance on your home such as appliance repair, drain repair, A/C or furnace repair and even electrical repair. If you purchase your home, all those maintenance fees come directly out of your pocket and can add up to thousands of dollars.
Amenities
- Many apartment complexes come with amenities just steps from your door. Look for amenities such as pools, fitness centers, community rooms but also ask for lesser known ones such as package rooms, WiFi/cable access, 24/7 emergency response, manager on site, controlled access and soundproofing.
Lower utilities
- Typically, monthly utilities in a rental are cheaper than if you purchased your home. Some apartments have electrical bills as low as $30 a month!
Security/building access
- Most buildings have controlled access for security purposes. This helps keeps solicitors at length and protects you and your home. Plus, it’s included in your rent!
No property taxes or extra fees
- The extra fees of owning a house can add up! Property tax on a house can be thousands of dollars every year.
Owning a home is a great investment and a wonderful experience. But perhaps renting is the best option for you and your spouse at this stage in life. Renting can help you save for your perfect house and is a great stepping stone toward ownership!
You Might Also Like
Discover more insights and tips from our latest articles
.png)
Rental Properties Crack Down on Grills: New Bans Target Deck and Balcony Use
In a growing trend across the U.S., landlords and property management companies are instituting new policies that ban the use of grills—especially on decks, balconies, and other outdoor structures attached to rental units. While many tenants see grilling as a summertime staple, safety concerns, insurance risks, and evolving fire codes are pushing property owners to put stricter rules in place.
MY RENTER’S GUIDE: TEN TIPS FOR RENTERS
When it comes to renting a home, it is important to do your homework before putting the pen to paper. Read all documents, ask all of the questions, and get everything in writing. Check out more tips for renters, and avoid any unexpected surprises during your lease!
Fall in Love with the Black Hills
This year, there are plenty of activities to help you fall in love with the Black Hills, but here are some of our favorites from the Northern Hills down to the Southern Hills.
Found this helpful?
Share it with others looking for rental advice!
Featured Posts
Pet Policies For Renters
When renting an apartment or home with a companion animal, tenants must follow specific rules, which can vary based on the type of companion animal (e.g., service animal, emotional support animal, or general pet) and the policies of the rental property.
MY RENTER’S GUIDE: TEN TIPS FOR RENTERS
When it comes to renting a home, it is important to do your homework before putting the pen to paper. Read all documents, ask all of the questions, and get everything in writing. Check out more tips for renters, and avoid any unexpected surprises during your lease!
The Good Life in Sioux Falls
Sioux Falls residence enjoy having a park within 3 miles of their front door with an extensive bike path that runs throughout the city. The average commute of 16.9 minutes is 36% shorter than the national average of 26.4 minutes, getting to work is a breeze.