When your lease expires, you might be tempted to pack up and move out of your apartment or rental home. Before making any moves, it’s important to weigh the pros and cons of renewing your lease versus moving on to something new and different. This article will help you decide if it’s worth it to stay in the same place or if it’s time to say goodbye to your space and hello to an exciting new chapter in your life!
A lot of people choose to renew their lease for a variety of reasons. It could be because they are comfortable where they are, or because they’re not motivated to start the apartment search process all over again. Whatever the reason may be, it’s important that you know what costs come with renewal, as well as what to avoid.
Are There Any Good Reasons for Moving?
Sometimes it is better to stay in your current apartment, even if you have a chance at a larger one. Before making your decision, first ask yourself if there are any benefits to staying where you are. Is it closer to work? Do you like your neighborhood? Will you pay lower rent? Did you get perks that might be hard to find elsewhere (like a dishwasher or in-unit laundry)? If so, then renewing your lease could be the right choice for you!
What Are the Disadvantages of Staying in Your Current Location?
Sometimes, it’s not always advantageous to renew your lease. The cost of rent and additional expenses of upkeep can quickly outweigh any benefits you get from staying at your current location. Are there other locations within a reasonable distance? What does any new location offer that your current location doesn’t? Are you comfortable with these changes, or would you rather stick with what works right now? Only by weighing all these factors (and many more) can you decide whether it’s time to switch up or stick with what you have.
If it is time for a change, it’s OK! The most important thing is that you keep growing personally and professionally. Plus, moving somewhere new opens an opportunity to find new personal connections and grow your professional network— who knows what opportunities will come from changing locations?
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