Renting has many incentives. Unfortunately, those benefits can easily be blurred when you’re hearing varying opinions and statements about renting a home. We’re here to offer clarity regarding some of those misconceptions. Let’s dive in!
1. People rent because they can’t afford a home.
There’s a common misconception that renting is for those who can’t afford to buy a home. Not true. Many choose to rent for personal preference. Buying a home is a huge investment and it’s not for everyone. Some professions require relocating every 4 or 5 years, which makes renting much more convenient. You won’t have to worry about putting your home on the market and the possibility of it not selling as soon as you’d like.
2. Renting is a huge waste of money.
Real estate is not always black and white. Though you will often get told that your rental money is going to waste, it’s simply not true. If you’re not set on staying in a city for more than a year, then renting is a viable option. Renting can also give you an opportunity to save for your next move. Perhaps you do wish to own a home someday. By renting you’ll be able to build credibility and save for a down payment. Another perspective to consider is maintenance. Some people simply can’t afford the time or expense of home maintenance. Having a landlord who handles the general maintenance is a huge incentive for renting.
3. You can be evicted for ANY reason.
It’s simply not true, you cannot be evicted for whatever reason. You signed a lease that included agreements between you (the tenant) and your landlord or property owner. If you are breaking one or more of the agreements, you should first be provided with a notice that details what exactly you’re violating. Once you’ve been made aware and you fail to change your behavior, then action on behalf of your landlord such as a final warning could be issued. The main takeaway from all of this is that you can’t be evicted for just anything!
4. Your landlord can enter your home at any moment.
There are valid instances where a landlord would need to enter your rental home but notice is always given. Generally, notices will be issued at a minimum 24 hours in advanced in the form of a note delivered to your door, an email, or a phone call. The only time a landlord would enter your residence without notice would be in the event of an emergency such as a fire, gas leak, water leak, or any other potential danger posed to your home.
5. A rental home will never feel like home.
This one may be a matter of opinion but for many renters, they simply see it as untrue. It was Johnny Mercer who wrote the line “any place I hang my hat is home,” sang famously by the likes of Barbara Streisand and Judy Garland. For many renters, making their rental property feel like home involves personal touches. It may be something as simple as decorating the hallways with family portraits or putting up outside props for each major holiday. The more of you there is inside the home, the more your rental will feel like home.
Have Any Other Rental Myths You’d Like Debunked? Contact the Lozano Real Estate Group Today
Whether you’re looking to rent a home or rent out your home, we’re here to help! At the Lozano Real Estate Group, we know there are numerous benefits to renting a home, especially here in the Sun City where so many newcomers are getting to know their way around. Let us be your tour guide! And if you’re a longtime resident who is preparing to leave town and are looking to rent your home, we can also ensure that your home finds credible tenants so you won’t have to worry!
Connect with us today to learn more.