When is renting a better option than buying in Daytona Beach area?
Most of us dream of owning our own home or some kind of real estate at some point in our lives, but when is it actually better to rent rather than buy? According to Ramara Garrett of Waverly Property Group, there are actually a number of situations wherein renting is the better option, especially for Daytona Beach real estate. First, if you have just moved to a new location, whether for your employment, retirement, school or just a change of climate. You can research a new location all you want, but there is nothing like actually living there to give you the true flavor of the area.
Nothing proves that point better than the Daytona Beach real estate area. The “Daytona Beach area” stretches From Ormond by the Sea to Ponce Inlet to the North to New Smyrna Beach at the south end, a distance of only about 35 miles. Those 35 miles, however represent a number of very distinct oceanfront communities. Ramara Garrett encourages people that are transferring or relocating to the Daytona Beach area to spend a substantial amount of time actually living, vacationing or exploring the area before they decide where they see themselves buying Daytona Beach real estate. For this reason, Daytona Beach long term rentals may be a better option, at least for the first six months to a year. Changes in life can have a profound affect on your finances and it may be better to wait until you get through them to consider buying a home in Daytona Beach.
Another question to ask yourself is do you have the time and/or resources to maintain your very own piece of real estate in Daytona Beach. If your budget is stretched thin as it is, one major home repair might be out of your reach. Ramara Garrett of Waverly Property Group says that many of her Daytona Beach rental tenants are young professionals or retirees who enjoy the stress free ability to simply call Waverly Property Group when something needs to be fixed. As a tenant, you never have to worry that you don’t have the money to fix the air conditioning if it goes out. Lastly, if your credit is less than perfect, renting may be necessary for a short period of time. Maybe you went through a bad divorce. Maybe you are young and haven’t established enough credit? Maybe you over-extended yourself. Whatever the situation, if your credit is less than perfect, it maybe be to your advantage to rent for another year while you work on repairing your credit. If you are unsure whether renting is the right choice for you, call Ramara Garrett and the team at Waverly Property Management and le them help you decide.








































