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Renting is Popular Especially for Millennials but Why?

renting

Why Renting is Popular

or those between the ages of 18 and 35. Recently, a thousand renters in this age bracket were surveyed to find out why renting is the lifestyle of choice for them. Understanding the minds of these renters can help New Haven property managers attract these renters to their units. It can also keep them happy in long term rental contracts.

Not So Handyman Gets Maintenance Help

A top reason for someone to choose renting a home over purchasing is the ability to call maintenance. When you don’t have the skills to fix problems around the house, constantly calling someone to come do the work for you can get very expensive. Renters revealed that they felt less pressure about fixing serious repairs on things like furnaces, appliances, and water heaters when they could call someone to handle it for them. It is simply easier to make a phone call and let your Real Property Management Southern CT company take care of the problems. Specialized RPM has the resources for group discounts for maintenance supplies and equipment. This creates a win/win situation for tenants and property owners when a repair is needed.

before they turn into bigger headaches with bad timing.

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Freedom

Many of the renters who were surveyed indicated that they didn’t think they would be making a home purchase anytime soon, even though most did not grow up in a rental situation. Renting means less commitment where you have to stay for a long period of time. Real Property Management Southern CT can decide lease options for people in these situations. With the job market what it is; renters don’t have to worry about relocation as much if they are renting – they can just pack up and go.  Job changes, relationship struggles, financial worry, and even neighborhoods can all determine that a person needs to move. Renting gives that freedom and with that freedom comes peace of mind.

Money and Convenience

One of the top reasons given by renters for choosing to rent over signing a mortgage is that the bottom line cost is generally cheaper. Even though renters know they aren’t building equity with property ownership,

. That can leave more money in the bank for important things like food and utilities.

New Haven property managers can be assured that the population of renters is not declining. People are always going to be looking for that perfect home in just the right neighborhood. Especially where they can put down some roots at least for a while. Investment rental property owners will be there to help them move in and stay happy.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.