FAQ
Frequently Asked Questions
Is Renting or Buying Better?
Many years ago, the American dream was to own a house. COVID helped changed that. Many people who now have the option of working from home. They do not want to be tied down to one house and one neighborhood for the rest of their life.
Renting has several advantages over buying a house:
Renters have no maintenance cost or large repair bills when a heater goes out or the roof springs a leak.
Renters only need a small capital outlay for a security deposit vs tens of thousands of dollars for a down payment.
Renters have the flexibility over where they live and for how long.
Renters will not lose tens of thousands of dollars should the housing market go down, thus holding them captive in an investment they are under water on.
Renters have lower insurance costs.
Renters have predictable monthly costs vs a house that will have repairs and increases in taxes every year.
With Renting, you can afford to live in a bigger more luxurious house than you could by buy.
Investing your money in a home, has historically proven to make less than other investment vehicles.
How do I apply for a Haydock Shores Home?
You can down load an application for a beautiful Haydock Shores Home from our applications page here: https://haydockshores.com/application/
How do I get approved?
We look at a number of things to make our decisions: Do you have a Steady Income, Good Credit Score, Record of paying rent or a mortgage on time. Just because one of these may not be great that doesn’t mean you will not qualify. We look at your overall financial picture when making our decision.
Will my rent go up every year?
We at Haydock Shores pride ourselves on holding rent increases to an absolute minimum. We believe that it is better to keep renters long term, than to hike the rent every year, just because we can. We have renters that have been with us many years that have only see their rent increase a small amount every few years.
What is required to rent a home?
You will need to pass our application process. We then require a security deposit that is equal to the first months rent. A security deposit and first month’s rent will be due before you can move in. We will also require you to pass a credit check and background check and sign at least a one year lease. That’s IT!!
Do you allow pets?
Yes, all of Haydock Shores houses are pet friendly. Most have fenced back yards. Plus we do not require a separate pet deposit like other companies.