If looking for a new place to live, you might have your heart set on buying your own place. But due to a crazy housing market and stricter mortgage loan requirements, realizing the dream of ownership is difficult. Not to say that you will never own your own place, but it may take longer. In this case, moving to an apartment in Jacksonville might be the only choice. You may hate apartment living or simply be ready for a house. Before spiraling into an emotional funk, consider the benefits of moving to an apartment.
1. You have a landlord. If the toilet gets clogged or an appliance breaks, you can call your landlord or the building maintenance department. You’re not financially responsible for repairs, which equals more cash in your pocket.
2. Save money for a down payment. Depending on where you live, moving to an apartment in Jacksonville is cheaper than buying your own place. Imagine how much you can save. The more you save, the quicker you can afford the down payment on your own place.
3. Freedom. Moving to an apartment in Jacksonville gives you the freedom to move when you like — as long as your lease has expired. It’s not so easy when you own. You have to find a realtor, list your house on the real estate market and wait for a buyer. The entire process can take — on average — up to six months.