Why it is best to renew your lease as opposed to moving

If you’re uncertain whether you want to renew your lease, it’s important to carefully consider the many variables involved. There are many important reasons to move to a new home, like a new job or family obligations. But moving is costly – in terms of both money and stress. A seemingly inexpensive rental might become pricey once you factor in deposits, applications, moving fees, and other expenses. Be sure to consider all of these factors before making a final decision.

Here are the primary factors to think about when deciding whether to renew your current lease:

  • The moving process – Ask anyone who has gone through a move recently: it’s not very much fun. Whether you’re shelling out for the help of a moving company, or handling it all yourself, it’s stressful and time-consuming to uproot your life – especially if you don’t have an important reason to do so.
  • Expenses – Even if your prospective home has lower rent than your current one, there are other financial considerations to make. There is the money associated with the moving process, first off. But you must also consider the fees that are associated with signing a new lease: application fees, security deposits, pet fees, etc.
  • Your relationship to your community – Once you’ve lived somewhere for a significant period of time, you’ve likely developed relationships with your neighbors and building supervisors. Your landlord’s offer for a lease renewal is evidence of that. It will take time to develop those relationships elsewhere.

You might consider all of these factors and decide that moving is still the right choice for you, but you may instead realize that renewing your lease is a better choice for your situation.  Regardless, it is valuable to consider all of these factors and their impact on you and your family. No matter what you choose to do, however, you’ll always be welcome with us.

Ellacott Parkway Apartments

Welcome to luxury living at Ellacott Parkway Apartments for rent in Cleveland, OH. These one and two bedroom apartments are classic and stately in design and feature newly upgraded appliances, cabinetry, ceiling fans and more. You will love the bright open floor plans with and ample closet space.

Inside the beautiful landscaped grounds of Ellacott Parkway, you will the discover the convenience of having an onsite laundry care facility in each building, ample parking areas including garage parking, and impeccable same-day service that will never leave you wanting for more.

You’ll be located right in the heart of the East Side business district in Warrensville Heights – within minutes from Downtown Cleveland, I-480 & I-271. You will love having a variety of shopping and dining options just a few miles away at Legacy Village and Beachwood Place.

Discover the comforts of home at Ellacott Parkway apartments in Cleveland, OH. Schedule an appointment today!