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21 Apr, 2020

Is It Smarter to Rent Before Buying When Moving to a New City?

Moving to a new city is always exciting and stressful at the same time. It brings a lot of joy, new opportunities along with potential challenges. One of them is finding a dream home in the hotspots of Sydney at an affordable price.

Apart from packing household belongings, hiring the best removalists in Sydney and preparing a complete moving checklist, you also need to find the most suitable home while moving to a new city. However, it depends on various factors such as type and size of a residential property, your estimated budget, location, local amenities, neighbourhood, close vicinity, traffic patterns, security and a lot more.

That is one of the reasons why many experts recommend that renting a residential property at first while moving to a new city is better than buying a house. First, discover the new place, shortlist the best areas where you can find your type of house within estimated budget before getting into the home buying process.

If you are also finding it hard to make the right decision between renting or buying a home, then look at some useful insights below:

Key Benefits of Renting While Relocating to a New City

Nothing can be challenging than choosing an ideal house in metropolitan cities like Sydney, especially when you are new in the city. In such scenarios, renting is one of the best options because it allows you to make a well-informed decision without any financial burden or time constraint. Here are some key benefits to renting a house while moving to a new city:

• Once you have decided your relocation plan, it will be good to find a residential property on rent before buying your dream home. This will allow you to look for the ideal house that can match your lifestyle and reflect your personality without any stress.
• You will be under no pressure while choosing your home because you already have a rental property. Instead of making the wrong buying decision, you can rent a home while moving to a new city.
• You won’t need to worry about searching for a new abode when selling your old house or saying goodbye to your friends and family. Since relocation itself is a challenging event, you won’t get time to involve in a home buying process. That’s the reason why renting can be an ideal option for you. All you need to do is to focus on your moving process and hire the best Sydney Removalists who can take care of your belongings throughout the journey.
• You will get plenty of time to unpack your boxes after your relocation and before setting up a new house.
• Getting a lot of time to explore a new community, neighbourhood and amenities. This is the best way to know the cost of living, best residential properties, prices of apartments, cottages and other dwellings, infrastructure facilities, crime rate, safety and security measures, green parks, nearby schools, entertainment hubs, community life and much more.
• You will get an opportunity to know about the ups and downs of a new city before choosing a particular location for your residential property in Sydney.
• You will also get time to fix the potential repairs and make renovations the way you want to make to your new house before the final move in.
• In case you unable to find your dream home right away, you will be able to wait for the most suitable option because you are under no pressure. This gives you a lot of flexibility.
• You are free to change the city if you are not comfortable because you are not associated with a new-bought apartment or a mortgage.

There is no denying that finding a property to rent is comparatively easier than choosing a suitable house to buy. This means renting when moving to a new city allows you to make your move a bit simpler and stress-free.

Drawbacks of Renting While Relocating to a New State

Despite tons of benefits, many people avoid renting a house because of the following disadvantages:

• You will need to arrange another moving process again. Facing the same challenges of packing household items, organising items, etc seems quite challenging and back-breaking. Whether you are moving to the next street or any suburb, it is always difficult to pack and lift heavy and delicate belongings.
• Since you won’t know what type of home you are relocating, it becomes difficult to know the worth of your relocation.
• You may need a storage facility to keep some of your belongings in a secured place until your new house is prepared fully.
• You may not feel like a home because you are still living in a property for a short-term.

Conclusion

It is pretty clear that renting before buying a dream home while moving to a new city both has advantages and disadvantages. Ideally, it is a good idea to rent a house and discover the new place, community, real estate market and make the well-informed buying decision. If you are moving to a new city, then consider hiring highly-trained interstate removalists in Sydney for a safe and sound experience.