Luxury Living Chicago Realty has been working with people who want to rent, sell and buy Chicago real estate for over 10 years. We specialize in working with clients who are interested in moving to Chicago for the first time.
Part of our process is helping these types of clients determine if they should rent or buy when they have never lived in the city before.
Chicago has seen a huge new construction boom in brand new rental apartments for the last few years, but lately brand new Chicago condos have started to hit the market. If you’re moving to Chicago and looking for a brand-new home you must debate the perks of rent vs. buy.
When should you rent a Chicago apartment?
If you are relocating to Chicago, it might be helpful to rent for the first year. Take time to fully explore Chicago and learn which areas you really enjoy.
When should you buy a Chicago condo?
If you’re ready to take the sales plunge ask yourself these two questions:
- How familiar are you with Chicago neighborhoods and do you know which ones you would want to put down more permanent roots?
- Where do you see yourself in one year, three years and five years? Buying is a long-term commitment, where renting gives you flexibility.
We’d love to help if you’re moving to Chicago for the very first time. Click the button below to access our Chicago Relocation Guide to get started.