Rental myths that are misleading and can lead potential renters or tenants to make ill-informed decisions.
You Do Not Have to Pay Service Fee to Find a Home
When you hire an agent to help you find a home or apartment to rent, they will charge you a service fee for the services they provide you. This fact is clearly mentioned in your agent’s contract or fee disclosure and mostly also discussed.
Don’t let this discourage you from hiring an agent to find your home. There are a number of benefits to hiring an agent for this task. For example, many landlords prefer to deal with agents instead of individuals. In these cases, you would be at quite a disadvantage especially if the property is something you really like. Sometimes, home owners are busy and their schedule does not match yours for the purpose of showing you the apartment. By the time it does, the apartment is already rented and you are left searching again. An agent can facilitate this process and you can see more homes and apartments in less time.
Time of Year Does Not Affect Availability of Rentals or Rent
Years ago, July used to be the busiest time of the year for rentals and you finding a good rental apartment or home meant rushing to get there before anyone else did. Today, things have changed and most people searching for rental units, apartments and homes in Boston start their search between April and May.
The time of year has a great effect on the cost of rent too and you can find more affordable rents in Boston from September to the end of February.
Paying Rent is Throwing Money Away
Home ownership is every American’s dream but in many cases, buying a home is not a possibility until you take out loans and compromise on your lifestyle to pay those loans back. Even if someone is willing to make these changes, there can be many other aspects of homeownership that might not be pleasing for many people. For example, the additional costs of taxes, maintenance, repairs etc.
For most people, paying a mortgage and taking care of all the other expenses associated with home ownership is just not something they are capable of handling. In these cases, renting an apartment or house is the best choice. If you are one of these people, don’t let the home ownership advocates get to you. Not everyone is a dog or cat person, some people like hamsters and fish too. Similarly, buying a home does not suit everyone’s temperament.
Rental Apartments Increase Crime Rate
This is probably one of the silliest myths we have ever heard. We often hear clients saying they do not want to live in a rental apartment and would prefer a house because they are afraid apartment buildings are filled with criminals. We have no idea where they get this idea from because in our experience apartment buildings have as many criminals as the house next door.
Many people actually choose to live in apartments because they feel more secure and safe in an apartment as compared to a house. With modern security systems, cameras and apartment superintendents, apartment buildings are actually quite safe.
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