Corporate Housing Companies Can Make Job Moves Easier

Indianapolis luxury apartments

You really meant to retire. You had the party, the cake, the gifts, the whole celebration, in fact. And then, just a few months after you retired a former business associate of yours came to you with an offer too good to ignore. He needed a finance leader to monitor the transition of a new company that they purchased in Chicago. It was a six hour drive from Omaha, but the option of weekly one hour plan trips were also available. It was a temporary position so your friend thought of you first. A great job with great compensation and it should only last six months. And, just like that you are no longer retired. At least not for the next six months.
If a too good to pass up job opportunity has you looking for a temporary rental situation, corporate housing companies have several options. Whether you are looking at luxury apartment communities complete with furniture or a more simple apartment rental, corporate housing companies can offer possibilities in a variety of price ranges.
On average, 45 million Americans move every year. Some of these moves are permanent relocations, and some of these moves are short term leases for a temporary job or contract. Often, corporate housing companies work to find transition housing for a family who has been transferred because of a job. These renters often have the rental fees covered by the new employer if a move needs to happen quickly. Waiting for an original house to sell while also looking for a home in a new location takes time. These are decisions that often cannot be rushed so the new employer offers a transition package to make the move more manageable.
Some new employees see a move as an opportunity to move away from a cumbersome home loan and move toward a more flexible apartment rental. These rental decisions also take time and advanced financial planning. Consider the following:

  • Many leases are available for a 12 month period. If you are in a job that requires you to move often, an apartment lease may be a better option than buying a home.
  • Apartment rental deposits are often equivalent to one month’s rent. Since this amount is usually significantly less than the minimum 5% down payment on a home, getting into an apartment can be much cheaper than getting into a home.
  • Renter’s insurance costs on average $12 a month. When compared to $25 to $80 per month for homeowner’s insurance, renting is a less expensive option.

If it is time for you to relocate because of a job, you new employer may offer you the services of corporate housing companies. This kind of transition service is a perfect time to reevaluate the pros and cons of renting versus buying a home.

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