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Leasing Your New Place as a Stepping Stone Toward Home Ownership

Thursday, February 13, 2020 - 12:00AM

After graduating from high school, a technical college, university or graduate program, you likely feel excited about getting your own pad as an independent career person. Leasing a new place is a good first step toward eventually owning. Unless you have generous and wealthy parents, few people have a high enough credit score or the down payment money needed to buy a home just out of school. When you find a home with the help of a reputable property management company, you don’t need to worry about maintenance. Also, it’s simple to make your monthly payments on-line or discuss any complaints about neighbors. Making your rental payment on time every month helps build your credit history while teaching you good money skills. Also, leasing your new places is a practice run at home ownership. In some situations, you will find it’s better to continue to rent versus buying. Leasing gives you greater flexibility. According to an article by Metro.com, some experts call millennials part of “generation rent.”

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Topics: rent versus buying, investment property, homes to rent in San Diego

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