Rental Property Management Charleston | Renting Vs. Buying Your Next House
Rental Property Management Charleston | You’ve come to a point in your life where you need a house. Maybe you’re moving to a new town and feel ready for an upgrade, or your family is growing, and you need extra space. Whatever your reason for wanting to live in a house, you are going to have a big decision to make—should you rent or buy your home? There are advantages to both options, but you may be surprised at how easy renting a house is when you have a property manager.
Pros and Cons of Buying Vs. Renting
Many people want to purchase a home because they are paying money towards an investment that belongs to them, unlike when you’re paying rent. Owning a home also means you only have to abide by your own rules (and those of your homeowner’s association if you have one). Owning your property means you can paint the walls any color you want, knock down a wall if you want more space, add on a deck without asking for permission, and whatever else your heart fancies.
Buying a home can be expensive though. Not only do you need to have excellent credit, but you must also have a substantial down payment and money saved up for closing costs, inspections, and other fees. You’ll also need to have plenty of money saved up for other expenses that homes incur such as significant home maintenance. When you choose to rent through a property manager, all you’ll need is a deposit and rent payment up front which is usually thousands of dollars cheaper than closing costs and inspections.
Even if the money is no issue, owning a home can still be difficult when you are responsible for everything that happens, or any maintenance needed. When you rent your home, a property manager takes care of all those headaches for you. You also have the luxury of being able to move when your lease is up when you are renting whereas when you own a home, most people need to sell first which can take months and even years. The property manager of your home is the only one that needs to be worried about that home when you want to move on.
Choose a property manager from Scott Properties to help you find the perfect home for rent in Charleston. Give us a call today at 843-352-8413.