Selling your home is a big decision. After all, it’s where you live, and there are many sentimental reasons why we love our homes, so selling could also be an emotional decision. But if you do sell, you should know that there are plenty of benefits to selling – not just the obvious ones of making money from the sale but also getting rid of the hassle of owning a house and dealing with any problems that may crop up. If the price seems right in the housing market, selling for cash might be a good option.
This article will highlight the benefits of renting you don’t get with owning and why now is a great time to be a renter.
It’s a Tough Decision to Make – Home Ownership to Rental Property
Selling your home is a major move that involves many decisions and emotions. Weighing the pros and cons of each side of the equation is essential to determine the cash flow and financial impact on your life. While the homeowner usually decides to sell, here are some benefits to selling your home.
Avoid the Headaches of Owning
Owning a home is a full-time job. The stress of ownership often gets worse over time. With owning a home comes responsibility: the responsibility to pay monthly bills, mortgage payments, maintain landscaping, secure insurance, care for appliances, and more, all while living in the home.
Save Money on Property Taxes
You’ll likely owe monthly tax payments if you own your home outright. On top of that, property owners insurance premiums increase as your home ages.
Avoid Maintenance Costs
You don’t have to worry about repairs or pest issues if you’re on a monthly rent. You won’t have to deal with yard work either, which means less time spent mowing grass, trimming hedges, or raking leaves.
You may enjoy the freedom of choosing where you want to live without having to think about what your next step will be.
Selling to Renting – Why is Now a Great Time to be a Renter?
Economists recommend renting to build long-term wealth faster by investing the money that would otherwise be spent on owning a home. U.S. Census Bureau data shows homeowners paid $8,609 more in housing costs than renters in 2019. With the unprecedented economic situation, environmental concerns, and rising property taxes, experts say that being in renting makes financial sense.
As a homeowner, you’ll want to take advantage of today’s competitive real estate market and close quickly to sell your home for top dollar with us. Call us (954) 945-7222 for more details.
What Does Renting Bring to You That Being a Homeowner Doesn’t?
- Renting is a smart choice for anyone looking for flexibility to upsize or downsize. Not only can you pick where you want to live, but you can also even have options to choose your rental prices based on your needs.
- Renting gives you the option to travel where and when you want! Live your life on the road and hop from place to place. The time to travel is now!
- Rental properties have more amenities than traditional homeownership options. Many rentals offer pools, laundry facilities, fitness centers, parking, tennis courts, playgrounds, storage areas, dog parks, free coffee, and more. These amenities provide valuable extra resources and convenience.
- You are not paying any homeowner association dues, home maintenance fees, utilities, or taxes with rent. Instead, landlords cover those expenses for you.
Want to Sell Your Home Fast For Cash? Contact 3 Step Home Buyer!
With us, we make it easy by taking away all of the hassles of selling your South Florida property. Our company will buy your house fast for cash! No fees, commissions, or closing fees. We buy houses ‘as is’ in any condition. Let us know your property details, and get a fair all-cash offer within minutes.