Call Today 877-677-8695
Resident Survey
Old Mill Town Homes
725 Mill Stream Lane
Lynchburg, VA 24502

Old Mill Townhomes Blog


Why Renting is Often Better

- Monday, September 02, 2013

Once you get your career going, you may begin to think about settling down; maybe you are looking for a place to live. One of the biggest questions is whether you should rent or buy your home.

For many, buying is one of life’s biggest aspirations. But for others, buying property doesn’t really have a place in their lifestyle. It can be difficult choice, and one that’s going to have a big impact on your bank-balance. There are pros and cons to both buying and renting.

Buying a home has been traditionally been the goal for many people. Once you’ve paid off your mortgage or mortgages, your home is your own. A home also represents a large chunk of your credit security.

Fundamentally, this is  how many look at it: monthly mortgage payments may be a headache when times are tough, and it may be increasingly difficult to get one but at the end of the day you’re paying into something that you’ll eventually own outright.

The same cannot be said for renting, and this is the main criticism. However, there are many benefits to renting.

Firstly, you’ll need a much smaller initial down payment to secure an apartment. Provided you treat the property right, you’ll receive your deposit back in full at the end of your lease.

Secondly, you have flexibility and freedom. You can choose to move– in a completely different region –more quickly and easily than you would be able to if you owned a home.

Thirdly, the upkeep of any rented property is the responsibility of the landlord. Homeowners will have to pay for home repairs and ensure they have insurance coverage.

For more information on renting an apartment in Lynchburg, VA contact Old Mill Town Homes.

Economic Voice

Recent Posts


heavy metal jam lynchburg road runners - VA improve apartment air quality college expenses food pantries in Lynchburg halloween recipes townhome in Lynchburg, VA how to improve credit score Lynchburg restaurant week apartment in Lynchburg, VA cutting down on college expenses fried shrimp recipe off campus student apartments, Lynchburg time management renting in Lynchburg off campus apartments in Lynchburg, VA old mill carpet stains looking for a roommate happiest cities in America student friendly apartments, Lynchburg, VA chinese new year Lynchburg festivals reasons to rent Old Mill Townhomes - VA what to do in Lynchburg, VA live music Lynchburg pet friendly apartments, Lynchburg, VA Lynchburg fireworks one bedroom apartment, Lynchburg, VA fall decorating ideas renting in retirement three bedroom apartment, Lynchburg, VA Lynchburg music festivals Friday Cheers Holiday book list halloween events Lynchburg, VA Bridal show, lynchburg town homes in Lynchburg, VA off campus apartments, Lynchburg, VA how to set priorities health tips recipes off campus apartments exam study tips off-campus housing Lynchburg, VA St Patrick's day menu ideas tailgating recipes pet friendly apartments nuggets Best of 2013 in Lynchburg jobs with the most opportunity apartment pets Lynchburg holiday events Backpack for Kids program bangers and mash how to get a better night's sleep valentine's day ideas Virginia 10 Miler Race decorating on a budget Downtown Lynchburg, VA best time to move Virginia mardi gras recipe movie suggestions what renters should know local heavy metal bands Old Mill Townhomes keeping new years resolutions spraygrounds, Lynchburg 3 bedroom apartments in Lynchburg, VA apartment decorating ideas theater in lynchburg renting textbooks pet moving tips Thanskgiving decorating ideas New Years Eve date restaurant week Lynchburg do i need renter's insurance town house in Lynchburg, VA feng shui apartments donate to charity New Years Eve date ideas dog park study tips holiday gift donations Lynchburg, VA Lynchburg christmas parade Valentine’s Day ideas live music in Lynchburg holiday movies how to fix a credit score four bedroom apartment, Lynchburg, VA pancake recipe college student housing Lynchburg, VA healthy easy meals favorite cookie recipes 2 bedroom apartments in Lynchburg, VA student housing in Lynchburg, VA pet halloween costumes insomnia tax deductions for renters Lynchburg fourth of july easy corn nuggets increase gas mileage website new years resolutions campus safety budget friendly meals Live Healthy Lynchburg civil war exhibit Lynchburg Museum Interlocken Music Festival looking for roommates renting vs buying mardi gras shrimp recipe lights, camera Lynchburg video competition lose weight how to fix your credit score renting Best Mountain Town student apartments in Lynchburg, VA hot crossed buns recipe rent or buy veterans day events Lynchburg, VA waterparks, Lynchburg off campus housing St Patrick's day party 100 Mile Challenge Day at the Point off campus apartments, Lynchburg St. Patrick's Day recipe how to remove carpet stains how much rent can I afford town houses in Lynchburg, VA healthy snack ideas bike trails in Lynchburg, VA town homes, Lynchburg, VA things to do in Lynchburg, VA 2012 Holiday book list fix your credit score gift donations Lynchburg, VA Liberty Mountain Snowflex Centre campus safety tips most job openings awareness days Bride of the Year Extravaganza townhouses in Lynchburg, VA HHHunt Apartment Homes halloween events march awareness days renting vs owning Valentine’s Day Lynchburg in Southern Living Thanskgiving cookie recipe corn nuggets rent or own Operation Christmas Child, Lynchburg, VA Janurary events in lynchburg hiking tips Irish Soda Bread recipe pancake bar recipe old mill apartments first Fridays apartments in Lynchburg, VA scents for homes libery mountain townhouse in Lynchburg, VA improve credit score holiday lights off campus housing in Lynchburg, VA townhomes in Lynchburg, VA Oscar nominations improve indoor air quality great movies restaurant week, Lynchburg, VA renting in Lynchburg, VA football food improve a credit score Lynchburg Museum two bedroom apartment, Lynchburg, VA college student apartments in Lynchburg, VA Lynchburg, VA heart health get a better night's sleep perfect apartment pets what is renter's insurance for decorating tips healthy budget friendly meals things to do in Lynchburg why rent when to move St Patrick's day menu renter's insurance