Renting a home
gives you increased flexibility to move when you want. Don't like
the neighbors, traffic pattern, smells, or sounds of a place? Need
to leave for a less (or more) expensive place if your income changes?
A move is easier if you are renting a home because renting involves
Renting also shifts property management
and maintenance responsibilities to a landlord. A professional apartment
manager will more efficiently spend the maintenance and upkeep costs
included in the rent over a large number of apartments on a property.
In general, if you are new to a place, and you are not certain that
you are going to stay, start out renting.
When you rent an apartment, be prepared
to pay a month's rent in advance plus a deposit (which may be approximately
a month's rent). Also have with you some proof of income (tax return
or statements) or employment (acceptance letter or employee identification).