It’s the most wonderful time of the year, at least for the Apartment Guide team. Renters are making tough decisions about whether to stay put in their current apartment, or move on to a bigger and better abode.
It’s natural to assume that after a few years of renting, you’re automatically ready to take on the title of homeowner. But you might need to slow your roll before you’re in too deep. Are you really ready to own a home? Like, really? Below, we outline a few reasons why you might need to renew that apartment lease.
There are many reasons homeowners may find themselves in a position to rent and own at the same time. Some cannot afford to stay in their homes, but also can’t afford to sell when a depressed economy means the inability to get a good sales price. Other homeowners find themselves needing to rent because they’ve moved for a new job, but still want to hang onto a home. Whatever the reason, being both a landlord and a renter at the same time comes with complications. Here are five issues to consider when you both rent and own.
If a friend or relative asks you to co-sign on an apartment lease, should you do it? Of course, we all want to help friends and family in need, but you have to be careful when it comes to the commitment of legally guaranteeing another person's apartment lease. Here are some items you will want to weigh carefully as you consider whether to add your signature.