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Well, I'm leaving Charlotte, and I'm renting currently for two reasons: to get the lay of the land, and because I didn't want the pressure of waiting for our house to sell.
It has its advantages, and its disadvantages of course. I mean, we're able to take our time, but we're not settled in, you know? I mean, I'm sitting here staring at white walls and bare windows mentally decorating a home that's not mine. It's too small for our large family, and most of our furniture is being used to stage our home that's on the market. On the other hand, I live on the internet looking at houses, and we don't feel rushed in making a decision.
Well, we did rent a townhouse first while we shopped for a house. It was the right thing for us to do, and it gave us an opportunity to learn about different neighborhoods, schools, communities, etc within Charlotte. We chose our neighborhood after MUCH driving around and research, and have been very happy. Buying first to me would be like getting married to someone you've never met.
We bought our house and moved into it without renting first. I've really liked it and am VERY glad we didn't rent first. I couldn't fathom the idea of moving twice. We came down to visit for 3 days one week, found a place we liked, had it built, and never looked back!
No, renting is a waste of money. I would say a few extended visits in the area should give a good indication if it is a good fit. We moved right into a new home. We were tired of paying a $1000 a month on rent. I mean our mortgage payment is about that...
No, renting is a waste of money. I would say a few extended visits in the area should give a good indication if it is a good fit. We moved right into a new home. We were tired of paying a $1000 a month on rent. I mean our mortgage payment is about that...
Contrary to popluar belief, renting is not wasting money if home values are declining. Also, extended visits are not possible for alot of people.
Visiting and living somewhere can give two totally different experiences...it has for me.
Moved here and rented for 6 months. Wouldn't have done it any other way. Charlotte and the area are growing so fast that we would never have known where to look in only weekend visits or on a short timeline. We were able to find the house we liked, in the neighborhood we wanted. It was not a waste of money!
The quality of life in most apartments is low. Trust me, I was a renter for 12 years. Plus I wouldnt want to move 2 times in the matter of 6-12 months. The ones that put there stuff in storage are wasting more money. How much are the value of homes going down? The value of your apartment will never go up! I just got tired of apartment living...
Quote:
Originally Posted by CouponJack
Contrary to popluar belief, renting is not wasting money if home values are declining. Also, extended visits are not possible for alot of people.
Visiting and living somewhere can give two totally different experiences...it has for me.
We rented a townhouse for 4 months, and during that time, had all of our things (sans basic items needed to live) in storage. So although we technically MOVED twice, we didn't unpack and then have to repack. It was worth it for us to really get to know different areas of town before making the largest investment we will ever make.
The quality of life in most apartments is low. Trust me, I was a renter for 12 years. Plus I wouldnt want to move 2 times in the matter of 6-12 months. The ones that put there stuff in storage are wasting more money. How much are the value of homes going down? The value of your apartment will never go up! I just got tired of apartment living...
Well, there's your first problem. No one who's moving here should rent for 12 years if they want to purchase a SFH. I'm talking about 6-12 mos. max....even shorter.
Look at the responses here....+ its not always about the $$...its about your quality of life and being comfortable moving for a long time.
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