Starting by renting when you move to a new city is defeat ?

Due to migration or a Job Change, its likely that at some point in our life we need to move to an unfamiliar place. Beginning a new chapter of our life in a new place can be an exciting and memorable, but it can also be rough on our finance management. Many of the expenses associated with a major move are unavoidable, but there’s one major mistake that is easy to avoid: buying a home immediately upon arriving.




The myth: Starting by renting when you move to a new city is defeat.

Reality: It’s actually the smartest decision we can make, both for our sanity and our bank account.


This is because there is no way to know what neighborhood will work best for us until we’ve spent a good amount of time actually living in the area. So before rushing to buy an apartment in the new are try to consider some of the following factors:

• What kind of commutation you are going to use ?
• Is there any shops or markets near near by ?
• Is there enough chance of entertainment nearby?
• Does the neighborhood feel safer to us?
• Are there sources of noise at odd hours?

Now did you prefer to rent for a while and learn the area rather than buy right away?
Yes, its always better to learn the locality rather than understanding after a few months that we may rather live closer to a town.

Summary

Give yourself some time to find out what really works for you

Better not take to take a momentary decision when it comes to an important decision as important as where you will live. Do enough research online and offline and also get advice from people who really live in that area so that we can make an informed decision.