Your lease is about to expire. It is time to make an important decision. You are wondering whether to move out to a new place or renew the lease. Renewing a lease can be a challenging decision as it will have a long-term effect. It is necessary to think wisely before deciding, as you could end up being stuck with a wrong decision for at least a year. While moving into one of the Edmonton properties may seem like an exciting option, consider these reasons to renew your lease instead:
Moving Costs More
Remember when you moved into your current home? Wasn’t it a tedious process? Imagine going through the same process again. Moving homes, though exciting, can be a very costly process. You have to hire a real estate agent to house hunt for you. Once a house is decided, you have to pay packers and movers to move your belongings. Renewing your lease, on the other hand, would only amount to the paperwork.
Moving homes can be highly time-consuming. You have to remove time from your daily activities to find a house. If you do find a good home, negotiating with the lessor takes up some more time. Moving in and setting up a new home is also very time-consuming. Renewing the lease could help you save up on all the time you would spend finding a new home.
You have built a relationship with your lessor over the time you have stayed in their house. You both have an understanding of the things to expect from each other. You are able to discuss out the problems openly. It takes time to build a trusting relationship with a lessor. When you move into a new house, the lessor is unknown. You have to build the relation. You might end up not having the same kind of understanding with the new lessor.
Avoids Uncertain Factors
You know what to expect with the current place you are staying at. You have gotten over the period of uncertain factors. You are aware of the facilities available, around you and know what to do about the ones which are not. Moving to a new home would mean expecting the unexpected. There could be issues in timely maintenance or the facilities promised.
Established Neighborhood Ties
Remember, the neighbor next door is always the first point of contact in case of emergencies. You want to know your neighbors well. They are friends and acquaintances. Moving to a new place would mean rebuilding relations with neighbors. You might end up not liking your new neighbor.
Home is where the heart is. And, if you have been peacefully living in one place for a long time, then why move to another when you can renew the lease and extend your stay? If the stay has been good, consider renewing the lease, if not then find one of the best Edmonton properties and move out. For any assistance in renewing your lease or finding a better place contact us.