The debate for rent vs. buy is a long-running dilemma. On the one hand, buying grants you a valuable asset and a place you can call yours. On the other hand, renting allows flexibility. Anyone interested in long-term occupancy of a property is often stuck between these two decisions.
Sea Scape Properties specializes in long-term rentals in the coastal North Carolina area. If you’re considering relocating here, these tips will convince you why renting is right for you!
Comparable prices
Housing is one of many factors to blame for the rising cost of living. Decades ago, buying a home was a no-brainer. The cost of a mortgage was lower than rent, and it builds equity at the same time. Keep reminiscing because those days are long gone!
Today, the cost of renting vs. buying is very similar. Sure, you don’t benefit from building equity, However, you save on associated homeownership fees like HOA fees and maintenance.
Excellent long-term rental market
Coastal North Carolina is an easy market to find homes for long-term renting. It’s a popular area for rentals thanks to the demand for living near the beach. Sea Scape Properties manages lots of homes for long-term renting. The area also has short-term vacation rentals.
A high supply of rental homes is good for tenants. Tenants can find options near their preferred locations that suit their budget. Additionally, more rental homes available can reduce rental prices in an area.
No maintenance required
Homeowners underestimate the maintenance required to upkeep their property. There’s always an unexpected bathroom leak, laundry repairs, painting, lawn care, and tons more tasks that can quickly fill your to-do list as a homeowner. Save yourself the hassle by opting for long-term renting instead of buying.
Tenants aren’t required to do maintenance while occupying a property. Tenants can report their problems to the homeowner, and it’s up to the owner to correct the issue. In the best-case scenario, homeowners can rely on property management services to handle maintenance requests.
Location flexibility
Coastal North Carolina has many desirable locations—from the historic city setting in Wilmington to coastal living in Wrightsville Beach. Long-term renting is an excellent solution for anyone relocating to the area to remain flexible on where they establish their roots.
Long-term renting will give you a taste of the different lifestyles available if it’s your first time living in the coastal North Carolina area. Experience how it is to live in one area for the duration of your lease (typically one year minimum) and decide if it’s worth renewing the lease or moving to a different location.
Temporary housing solution
Everyone has a different reason for relocating to the coastal North Carolina area. Sea Scape Properties works with many homeowners looking to turn their home into a rental property. Others are seeking a temporary solution. Contract working positions in the area, students, and many more are all candidates who need long-term rentals without the permanence of homeownership.
Long-term renting allows tenants to take advantage of the area for the time they need without making a big financial commitment to purchase a home. Temporary housing doesn’t have to feel so unwelcoming. Sea Scape Properties offers long-term rentals that make you feel at home!
Move-in ready
Are you seeking a turn-key property solution when relocating to the North Carolina coast? Rental properties are a match made in heaven! Including furniture is one of our top recommendations for preparing a property for renting. These properties are attractive for long-term rental seekers who prefer to arrive and start living—without going out to find furniture.
Finding furniture can be expensive and time-consuming. People buying homes set aside a budget for furnishing it. The bigger the house, the bigger the budget. Renters can eliminate this task and move into a home that already has everything they need—from a comfortable bed to a dining room set to a living room couch. There are still things to buy to truly make it your own, but the essential furniture is often already set up when choosing renting over buying.
Securing a desirable location
Everyone wants to live on the beach, but only so many homes can sit right on the coast. Alternatively, living near the Wilmington Riverfront puts you closer to the action than living on the outskirts of town. Unless you’re willing to shell out millions of dollars to purchase properties in the best location, renting can be a better option to get you into a prime location.
Coastal homes and city center properties aren’t always available on the market. But with the popularity of our area, it’s more common to discover these properties on the market listed for long-term renting.
Are you interested in finding long-term rentals in the coastal North Carolina area? Browse long-term rental homes managed by Sea Scape Properties to find your next home!