Renting vs Buying a Home: The Advantages of Both

Posted on: April 25, 2019 | by: Lighthouse Self Storage October 29, 2019

A home with a sold sign outside

Are you in the market for a home? The decision of whether to buy or rent a home can be a big one, with many benefits to both. Ultimately, the decision comes down to what is best for you. In this post, you will find a breakdown of the advantages of both renting and buying a home.

The Advantages of Renting and Buying a Home

Advantages of Renting a Home

  • Less initial investment: When you buy a home, you need to put down a down payment of at least 3.5%. In order to minimize the amount of money you are paying in interest, it’s smart to put down more than the 3.5% minimum if possible.
  • Less commitment: Since buying a home is generally more work and more of an investment, most people plan to live in their home for at least a couple of years. When it comes to renting a home, the commitment is only 6 months to a year.
  • Limited maintenance responsibilities: When you rent a house, your responsibility for the day-to-day upkeep and repairs is much more limited. For example, it is common that yard upkeep, minor repairs, and appliance upkeep.
  • The ability to budget easier: When you rent a home, you’re able to budget much easier. Your expenses related to your home are planned and the same every month. This is different for buying a home, where you have to be ready to deal with broken appliances or repairs the house may need.

Advantages of Buying a Home

  • More control of the property: One major perk of buying a home is you have more control of the property. If you want to remodel the house to add a deck, you’re able to. The home is truly yours
  • Tax advantages: Buying a home can help you to qualify for more tax deductions. During tax season, this can help you to get a much higher return.

Need a Household Storage Unit?

Whether you buy or rent a home, you can benefit from the use of a storage unit rental. A storage unit rental can help to keep your home neat and organized by storing out-of-season and unneeded items. Are you looking for a storage unit near you?

Lighthouse Self Storage has storage facilities in West Palm Beach, FL, Cooper City, FL, Homestead, FL, Fort Lauderdale, FL, Whittier, CA, Westminster, CA and Oceanside, CA. Our storage facilities have a wide variety of storage units in both traditional and climate controlled, including the 5×5, 5×10 and 10×10 storage unit.

Reserve your storage unit today!

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Convenient Storage Solutions for California and Florida Residents

Lighthouse Self Storage makes self storage easy with clean & secure storage facilities in Florida and Southern California. Find a location near you today!

Recent surveys show that 41% of consumers rent out space to facilitate moving, while 17% need the extra space to declutter their home. Self-storage units are becoming more and more popular nowadays, considering the need to maximize on the reduced size of living spaces. If you live in California or Florida and are looking for the most convenient and flexible self-storage space, Lighthouse Self Storage has got you covered. Lighthouse Self Storage Facilities has a wide range of world-class storage units that are built to meet your specific needs. Below are some of the exceptional self-storage solutions you can expect:

Self-Storage for Homeowners and Students

If you are moving, staging a home or consolidating homes, our excellent, clean, and secure units will come in handy for your storage needs. If you are a student emptying your dorm, Lighthouse offers many storage solutions for your needs and items large and small. Our storage units will keep your furniture, books, bedding, clothing, electronics, and furniture safe and secure. Why haul heavy items back and forth, miles across the country when you can rent storage whenever you need it? We are convenient and flexible to meet your needs.

Car, Boat, and RV Storage

If you are traveling, you need not leave your precious vehicle, boat, or RV at the mercy of the elements. If your garage will not fit all your toys, consider taking out some spacious motor vehicle storage at Lighthouse Self Storage for them. This way, they will remain secure and intact, and you get to have peace of mind during your trip.

Climate Controlled Storage Units

Lighthouse Self Storage has an excellent selection of climate controlled units, specially made indoor units designed to protect your property from the damaging effects of drastic changes in weather, humidity, and temperature. We offer air conditioned or heated units to keep constant indoor conditions for all of your items and their storage needs. These climate controlled units are perfect for items that need to be in a controlled environment, such as wines and spirits. If you are storing fabrics, wooden items, electronics, family heirlooms, documents, and soft metallic items, our climate controlled storage units offer a home-like atmosphere for temperature sensitive and unique articles.

Drive-up Storage

This kind of storage is exceedingly convenient for businesses and homeowners looking to store copious amounts of property, and need to reduce the hauling distance and effort. With our drive-up storage, you will not have to incur extra costs on movers' hourly fees by taking days to transfer your items. You get to drive up to your unit, unpack or belongings, and continue on with your day. It’s that simple.

Business Storage Solutions

You no longer have to worry about extra space, rent overheads, or idle property during off-peak business seasons. Whether you need to store machinery, essential documents, or inventory, our business storage solutions will cater to all of your needs. We have worked successfully with many law firms, e-commerce stores, and contractors to keep their essential business property safe. Visit us today to find out more about our business storage solutions.

Hurricane Season Storage

The last thing you should be stressing about is your valuable outdoor property, which is likely to be destroyed in the event of a storm. You may also need to clear out a safe room to use it for shelter. If you have any lawn and patio furniture, consider taking out safe storage for it with Lighthouse. Our concrete self-storage units will give your valuables the safety and security they will need to protect them from damage. Our storage units can also come in handy during the winter when you need to protect your valuables from the biting cold.

Rent storage space with us today!

If you are in Southern California or Florida, Lighthouse Storage is an excellent solution for all your self-storage needs. Our storage units are secure, well-lit, and clean to ensure optimal care for your valuables.

Please contact us at (866) 483-3455 for more information about our new facility for self storage in Cooper City. You can also drop by any of our storage facilities to get a free quote on any storage solution that fits your needs.

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