Why More Might Mean Less: The Surprising Benefits of Higher Rent

If I gave you the option of paying $1,200 a month in rent, or $2,300, it might seem like a no-brainer to pay less, right?

While the idea of paying more for a place to live seems insane, it may not be a bad idea to live in a more expensive place if you can.

Here’s why:

Higher-end rentals are often situated in prime locations. Living in a central area can lead to savings in several ways. For example, if work and essential services are nearby, you can cut transportation expenses. Never forget your time is money, and less commute means you get your valuable time back.

More expensive homes or apartment complexes frequently come with added amenities (like fitness centers), eliminating the need for a gym membership. Enhanced security features might reduce insurance premiums and provide peace of mind. And if you’re lucky, your landlord might include utilities or offer energy-efficient appliances, reducing monthly bills.

Pricier rentals are often newer or better maintained, meaning fewer repairs, less wear-and-tear or breakdown issues, less need for enhancements. These homes might already feature upgrades that you would otherwise invest in.

A vested interest in maintaining property value can translate to timely maintenance and better experiences with lease agreements, deposit returns, and other tenant-landlord interactions.

I understand that, on the surface, opting for a pricier rental may seem counterintuitive. However, considering the broader picture and potential savings in other life areas, it could make financial sense for you.

Pondering your next move and need more insights to make the right choice? I’m here to help you evaluate your options.

Give me a call at 330 836 7800 EXT. 1 or >>book a spot online here<< to get started with a 15-minute consultation.