Walden Pond Apartment Homes

1400-A Weeping Willow Drive, Lynchburg, VA 24501
Call: 855-755-8732 Email UsPondApt004@myLTSMail.com View Map
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Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: Closed

$696-$1,308

Apartment Homes Lynchburg VA Blog

The Case for Renting an Apartment in Lynchburg, VA

Joseph Coupal - Wednesday, September 02, 2015

There are reasons to rent a home instead of buying one. Some are financial, and some are lifestyle-related, but each has its merits.

For example, when you rent a home, your investment in the property is close to zero.

You make no upfront investment in the home, save for a security deposit; you make no payment for home repairs and "broken appliances" when things go wrong; and, the responsibility to pay real estate taxes falls to your landlord.

Home repairs can cost 1.5 percent of the home's value annually.

Additionally, as a renter, you assume no risk that the home will lose value between the date you move in, and the date you choose to sell.

Falling home values vexed homeowners late last decade, with many losing money through the forced sale of "underwater homes".

There are lifestyle advantages to renting a home, too.

When you rent a home, you can take an out-of-state job with little or no hassle; or, can move for a relationship, if you choose.

You can also change neighborhoods as you age, or as your household's housing needs change. For example, households with young children may prefer to live "near the action" only while their children are young.

Homeowners don't have this flexibility. In order to move, typically, a home must first be sold, a process which can take weeks or months.

Is it better to rent or buy?

So is it better to buy or to rent? The answer is that it depends on your personal preference. If you prefer flexibility, renting can be a better choice. However, if you aim to build wealth, owning a home has been a proven way to do it.

For more information on apartments in Lynchburg, VA, contact Walden Pond.

#HowYouLive
Excerpt - themortgagereports.com


Walden Pond Apartment Homes

1400-A Weeping Willow Drive, Lynchburg, VA 24501

Call: 855-755-8732
Email UsPondApt004@myLTSMail.com
View Map
Walden Pond Apartment Facebook Walden Pond Apartment Twitter Walden Pond Apartment Google Plus Walden Pond Apartment RSS Feed
Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: Closed

$696-$1,308