Retirement Living: Renting vs. Homeownership

Getting flexibility and a maintenance-free lifestyle in your golden years

Benefits of Renting
If you currently rent a 55+ apartment home or townhome month-to-month, you know these benefits. But if you’re a homeowner contemplating jumping ship, here are some reasons to consider as you weigh the pros and cons in the lifestyle you want to live.

Many Options
Renting may make sense if you’re an empty nester, ready to downsize, experiencing loneliness or unsure of where you’ll spend your retirement years. There are so many floor plan options with an overabundance of amenities and life enrichment opportunities.

Comparing Costs
It’s important to compare the cost of renting to owning in the community that you’d like to move to. From the many reports we’ve read online and comparing average homeownership costs in our market to our costs, renting at The Fields comes out ahead.
*Ask about our Cost Comparison worksheet so you can compare our costs to homeownership

Less Maintenance, Less Responsibility
When you rent an apartment home or townhome at The Fields, you will not have to pay for maintenance. No painting, roof and gutter repairs, windows, sprinklers, carpets, dishwasher repair, you name it – we take care of it all. No major-league, structural maintenance and ongoing seasonal maintenance like shoveling, landscaping or raking. 
The average homeowner spends between 1%-4% of their annual income on upkeep. The older the home, the higher the percentage. Residents of no-maintenance communities can rest easy knowing they’ll always be living in a beautifully-kept home with a beautifully-kept yard...without having to lift a finger.

Freed-up Capital
Renting may free up money that you can invest, which could increase your overall income during your retirement years. Investments often grow at a quicker rate than real estate appreciates, making them an even better use of your financial assets. Also, ownership could put you at risk in the event of another housing-market crash—something renting does not do.

So, sell while the market is HOT, get what you deserve out of your home and come live The Fields at Arbor Glen lifestyle. New friends, fun and adventure awaits.

Opening in Spring 2021 – Now Accepting Reservations!

651-770-4443