Southington Homes for Rent

If you're looking to rent a single family home, condo, townhome or other Southington real estate you can find your new Southington home for rent at Realty3 CT Southington.

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For some people renting a house, condo, townhome, apartment or other property may be better than buying. That's why Realtors rent at Realty3 CT Southington. apartments for rent image

There are advantages and disadvantages to both renting and owning a home. The decision to rent or buy is affected by many factors including whether prices and rents are rising or falling and how long you plan stay in the home you purchase or the property you rent. While desire alone is sometimes enough to motivate some to own a home, this is only one part of the picture.

Rent vs Buy in Southington Connecticut

When you purchase your first home you'll have to adjust to home ownership expenses like property taxes and maintenance. Are you ready to pay for repairs, do yard work, shovel the drive and pay Connecticut property taxes, and fees? When renting a home, condominium, apartment or other property these items are generally handled for you. When you rent you are not responsible for these costs, and depending on where you live, utilities like water, cable, or sewer might be included in your monthly rent. Your commitment to a rental is usually for one year at a time, while buying a home often obligates you to a 30-year mortgage.

Advantages of Buying Real Estate

One of the primary advantages of buying a home includes the ability to do whatever you want with the property. You can paint the inside and out any color you like, add a deck off the back or even replace the kitchen sink. In a rental you’re generally not able to make changes of any kind and in effect, you’re stuck with what you have. As your family gets larger you may find it very difficult to rent and a yard is a great place for the kids to play.

When Is Buying a Home The Right Choice?

Owning a home is a worthwhile goal, and one that can be achieved with information on current mortgage rates, local market prices, and a careful cost benefit analysis.

Should I Buy or Continue Renting?

Your decision to buy or rent should be based in large part on whether buying a home is more cost efficient than renting. Because no one else can determine what your true desires are, the question of whether you should buy or rent a home for our purposes can be calculated with this Rent vs. Buy Calculator:

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Click to use Rent vs Buy Calculator

Looking for Realtors Rentals in Southington?

Contact your Realty3 CT Southington Realtor for help in making important decisions, like whether to buy Southington real estate or to rent an apartment, condo, single familiy home or other property in CT or CALL 860-621-7323

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