Owning a house is anyone’s ultimate dream. However, the circumstances don’t work in everyone’s favor, and hence many people opt for renting a place. But what if we said that renting a house is a better option than buying your own house? It is no secret that the ever-rising inflation has made almost everyone’s life challenging. Though a section of society prefers investing in their own house, many usually opt for a rented space as it is easier on their pockets, helps improve their finances and, most importantly, saves them a lot of money.
Whether you are planning to sell or buy a house or are on the lookout for a rented house, it is essential to seek consultation with an expert financial advisor before taking the plunge. Joshua Krafchick is one such person who can show you the right path if you have set your heart on renting a house. Apart from that, he can help you make the right decision if you want to sell your house and explain the nuances of renting a space and how it is better than owning a house.
The best part is that Krafchick provides his clients with various options that suit the customers’ existing financial profiles while keeping an eye on the future. When it comes to building strategies, he is the perfect man for the job as he will explain in detail which option will be more profitable to the customer in the long run. To put it in simple words, he will help you increase your savings.
Money and finances are extremely complicated topics, and although we all want to be experts, many people often get lost in all the technicalities and sometimes end up losing money. In this case, a qualified financial advisor can advise you on how to break down the complicated mesh of the financial world along with helping you make good decisions.
Having studied Actuarial Science, he is an expert in assessing financial risks in the insurance and finance fields through mathematical and statistical methods. He knows how to use the mathematics of probability and statistics to help him analyze the financial implications of uncertain future events. This knowledge gives Krafchick an edge over others, and he is able to provide financial advice and guidance to those who need it the most.
So, it won’t be an understatement to say that he is the go-to person if you are planning to rent a house. He will not only give you financial advice but will also tell you how to manage money to reach realistic financial goals. Moreover, he will help you find a rented place that you can afford and still save money. Now that’s certainly a great deal!
While there are advantages of buying a house, similarly, renting a house also has its fair share of pros. For starters, tenants don’t have to spend on repairs and maintenance of the house; this is the landlord’s responsibility entirely. All you have to do is call the landlord and get the work done without putting a dent in your wallet. Sometimes owning a house often means you are carrying deadweight capital. Therefore, Krafchick also guides homeowners going through a monetary crisis to sell their homes and opt for renting a house, along with how the saved amount can be used appropriately.
When one goes to rent a space, they get many amenities within the rent and, as a result, they tend to lead a better and more comfortable life. In fact, when looking around for a rented apartment or house, you have the freedom to choose what you prefer. Renting a place means you don’t have to give a huge amount like down payment for the house, which is definitely a plus. As a renter, you pay a security deposit and the first and last month’s rent – which, compared to the down payment, is relatively lesser, and you don’t have to pay a big chunk of money all at once.
As an expert in the field, Joshua Krafchick knows the market in and out and hence can assist you in bargaining and not paying too much for something that is not worth it. He can help select a rented space in a location that meets the customers’ requirements. This is surely an advantage that renters have as they can choose to live wherever they want. Just make sure to trust your financial advisor when they tell you when is an excellent time to sell the house and how renting a house is easy on the economy.