Should I Rent An Apartment Or Buy A House In Westfield?

During the past several years, common wisdom in respect to purchasing a house or renting an apartment in Westfield has been spun on its head. Owning property provides for a point of pride and connectivity that you cannot obtain from renting, but it may also be a cause of frustration and serious costs. Renting may bring some constraints, but also creates room for flexibility and fixed expenditures home ownership cannot. Here are a couple notes to know before deciding to acquire a house or rent an apartment in Westfield.

Money is King

Costs, both in-advance and reoccurring, can fluctuate considerably between renting an apartment and buying a house. The property buying transaction is overflowing with charges that typically have to be given upfront - not including your down payment. There are property appraisal and inspections, earnest money, first-year insurance costs, and other small charges - all before your utility bills even kick in. That’s not even including the supplementary price tag for repairs and any renovations you may need.

Renting has a considerably smaller barrier for entry. Standard renting upfront fees include a security deposit, initial month’s rent, and other various deposits or fees. While some say that money paid for renting is wasted, money used on a space to reside is never a waste.

Room for Yourself and the Entire Family 

What you want out of your living space may be the key consideration in determining if you should buy a house or rent an apartment in Westfield. The average house square footage in the United States is continually growing, meaning more room for a home gym or a nursery. A house could have a backyard for kids and pets to run free and play in.

You can locate apartments in various layouts and floorplans. Inside, you can have anything from a 1-bedroom to a townhouse, but the units all come in predefined layouts. Your apartment will likely have walking paths and a dog park, and residents living right next to you. Of course, most homes don’t come with amenities like a stocked workout room or swimming pool.

Maintenance Woes

While the versatility that comes possessing a home is remarkable, it does come at a cost. Should a pipe burst or appliance break, it is up to you or a professional you employ to make the repairs. In an apartment, there are maintenance professionals that is always just a call away. Not only is having a maintenance professional on-call useful, but it will likely also save you some big money. Repair fees are a part of your renting costs, while any replacements on a home come straight out of pocket.

Freedom and Flexibility for Your Way Of Living

Your job and lifestyle can be determining factors in whether to buy a house or rent an apartment in Westfield. Selling a house can be a long, stressful process. If you work a job that requires you to relocate regularly, undergoing the selling procedure may be more taxing than it is worth. Renting an apartment is a more simple process that doesn’t involve real estate agents or mortgages - just the apartment staff and you.

Ready To Start Seeking For Your Perfect Apartment Space?

When you’re ready for an apartment in Westfield, your first choice should be Ashley Place Apartments. We have luxurious floorplans, attentive staff, and sublime amenities. Simply call (317) 689-0173 or click the “schedule a tour button” to discover your new home.