Renting by Choice: Why People Are Choosing a Flexible Lifestyle Over Ownership
Renting by Choice
Homeownership has often been touted as the gold standard in financial stability. An assumed part of adulthood, it’s taught as the cost-effective solution for accommodation. Yet in 2021, where house prices have reached all-time highs and employees have more flexible work arrangements than ever before, has homeownership passed its prime?
Let’s dive into a few of the common reasons people are choosing to rent instead of buy.
Flexibility
How important do you consider having flexibility with your time? Renting allows you to avoid time that owners would spend on repairs, maintenance and grounds upkeep, typically for no extra cost by the property management company. Forget shovelling snow and repairing your sink, shift that time into working on your business, taking a yoga class or going out for cocktails with your friends.
Renting allows you to avoid time that owners would spend on repairs, maintenance and grounds upkeep, typically for no extra cost by the property management company.
Locations change and shift over time, something that often leads homeowners to sell. When you rent, the city is your oyster. Pick up and leave an area you aren’t feeling after your lease finishes, or extend it to lock in the spot you love.
Affordability
It’s time to dispel the myth that homeownership is the most financially savvy choice. Renting and reinvesting your savings is a great way to grow personal wealth and retirement savings. Renting gives you transparency into annual costs, without surprise expenses like the sudden need for a new roof.
It’s time to dispel the myth that homeownership is the most financially savvy choice.
While we’re at it, let’s squash the idea that renting is “throwing away your money.” This is an outdated mindset that unfairly adds guilt to a preference. Whether it’s through ownership or a rental, you’ll be spending money either way. Renting is an opportunity to budget, invest and plan for your future. Choose the option that aligns best with your lifestyle, values and community.
Personal Goals
After generations of being told that renting should only be temporary, it’s time to move past this outdated way of thinking. With pros and cons for each option, what matters most is that you’re able to find accommodations that bring you comfort and peace. Consider your personal goals and forget the rest.
With pros and cons for each option, what matters most is that you’re able to find accommodations that bring you comfort and peace.
Buildings, like those offered by RNDSQR, offer community living in urban areas for those looking for more than the suburban lifestyle.
Visit our rental page to explore your options.
CY33 and AL21A are ready to rent.
At the intersection of design and culture, our buildings and spaces are the raw material for people to embrace their own style of living and urban existence.
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