RENTING VS. BUYING

According to a recent feature on ABC World News, buying a home in the U.S. is now 35% more expensive than renting. With mortgage rates climbing to 6.85%—the highest in five months—homeownership is becoming increasingly costly. Experts predict these elevated rates will persist throughout 2025.

On average, a new home mortgage is around $3,000 per month, while renting a new apartment costs roughly $2,200—a difference that can add up quickly.

But the benefits of renting go beyond just saving money.

1. Predictable Costs, Less Risk

Renters enjoy consistent monthly payments without the surprise expenses of homeownership, like repairs or rising taxes. This stability allows for easier budgeting and peace of mind.

2. No Maintenance Hassles

From broken appliances to leaky roofs, homeowners bear the cost of upkeep. As a renter, maintenance is typically covered by the property management, saving time and money.

3. Flexibility and Freedom

Need to relocate for work or want to try a new neighborhood? Renting offers the freedom to move without the long-term commitment of owning a home.

At Elder Management, we provide high-quality living at affordable rates, offering comfort and convenience without the financial strain of buying.

In today’s market, renting isn’t just a temporary solution—it’s a smart choice. Explore our available properties and discover your next home today. Visit our property page to browse current rental opportunities and take the next step toward stress-free living.