If you rent an apartment in Mooresville, NC and love it, you are not alone. In fact, here are just a few reasons why 51% of renters say they don't want to own their homes.
- Among renters who previously owned their homes, 51% said they prefer renting, according to a survey by Apartments.com.
- Their top reasons for choosing to rent instead of buy: no unexpected repairs; no—or low—maintenance; the flexibility to move when they want to; more affordable; no unexpected tax increases; can’t get or don’t want a mortgage.
- Plus, 56% of renters who have never owned a home said they prefer renting.
On the flip side, 44% of renters who have never owned a home want to buy one, the survey showed. When renters choose to move, either to another apartment or to a purchased property, it’s often because they want more space or because they have gotten married or divorced.