October 29, 2020

Three Reasons Renting an Apartment Is Smarter in the Long Run

Did you know? The number of American renters grew from 99.4 million in 2010 to 108.5 million in 2018. And that number continues to grow!

No matter why those more-than 100 million people rent, the fact is that more and more people are recognizing the benefits of renting an apartment, and many don’t ever want to switch to buying! Not only is renting less expensive than buying, but it comes with fewer responsibilities and more freedom. Keep reading to learn more.

Your Upfront and Long-Term Costs Are Lower

In 2019, 82 percent of renters said renting is more affordable than owning, jumping up from 67 percent the year before. Let’s take a look at why.

First, upfront costs are lower when you’re renting an apartment. Buying a home with a mortgage typically costs you around 20 percent of the total purchase price. When you’re renting, on the other hand, you only need to pay a security deposit, usually equal to one month’s rent. And as a bonus, this deposit is returned to you when you move out (so long as you haven’t damaged the property).

Second, your costs over time are different. While homeowners need to pay property taxes and homeowner’s insurance, renters don’t. And according to a 2017 study by the Insurance Information Institute , the average renters insurance policy costs $180 per year, while the average homeowners policy costs $1,211.

You Aren’t Responsible for Maintenance or Repairs

Ever watched a ball crash through a window as if in slow motion? When the unexpected happens, renting an apartment gives you the comfort of knowing that you’re not responsible for making repairs . For example, at Corona Pointe Resort and Townhomes, we have knowledgeable and friendly staff who are trained and certified to make repairs. When you report that something is broken or needs attention, we are available to help you take care of it! No more tackling difficult projects alone for you.

You Can Move Whenever You’re Ready

“Mobility is one of the top reasons people decide to rent,” writes Robert Pinnegar at The Washington Post . “For millennials just entering the workforce or in the process of building their careers, the ability to relocate is a major factor. Even if they are in a financial position to purchase a home, millennials may choose to rent to have the flexibility to take advantage of new job opportunities as they arise.” 

Renting an apartment gives you great flexibility, and we want to help you capitalize on that! That’s why we instated our loyalty bonus: If you move from Corona Pointe Resort and Townhomes to another AMC property or vice versa, we’ll give you $250 to help you have a smooth transition.

Not only are costs different between renting and buying, but renters also have less responsibility and more freedom. No wonder so many people are choosing to rent. At Corona Pointe Resort and Townhomes, we want to make coming home the best part of your day. Stop by and see why renting an apartment in Riverside might be the best choice for you.

Improve Your VIP Experience: Flexible Ways to Pay Rent and Build Credit at Corona Pointe Resort

April 15, 2026
At  Corona Pointe Resort  , we are committed to providing our VIPs with the best tools to manage their apartment homes effortlessly. We want to highlight the various ways you can handle your monthly rent, including some exciting benefits that help you build your financial future just by living with us. 1. The AppFolio Resident Portal App The easiest way to manage your living experience is through the AppFolio app. It is a one-stop shop for your most frequent needs: Convenient Payments: Set up one-time or automatic payments using a bank account (e-check), credit card, or debit card. Split Payments with Flex: We have integrated Flex directly into your AppFolio app. This service allows you to split your rent into two payments throughout the month. Flex pays your rent to us in full and on time, while you pay them back on a schedule that fits your cash flow. Full Transparency: View your current balance, previous statements, and full payment history anytime. 2. Build Your Credit for Free with Pinata Your consistent rent payments should work for you. We are proud to offer Free Positive Rent Payment Reporting to major credit bureaus through our partner, Pinata. How it works: You will receive an email invitation from Pinata to sign up for this service. Once you are enrolled, your on-time payments are reported to the credit bureaus. The Benefit: This helps you build your credit score over time without any extra cost. It is our way of rewarding your reliability and helping you reach your long-term financial goals. (Please note: we do not utilize any resident reward or marketplace features through Pinata; this service is strictly for your credit reporting benefit.) 3. More Ways the App Helps You Beyond payments, the AppFolio app remains your primary tool for staying connected with our Riverside community. You can: Submit Maintenance Requests: Easily upload photos and descriptions of any needed repairs. Manage Renter's Insurance: Access your policy or update your provider details. Stay Informed: Contact the office via text or phone, update your contact preferences, and access your lease documents. At  Corona Pointe Resort  , we treat every resident like a VIP. Whether you are looking for more flexibility with Flex or looking to boost your credit score through Pinata, we are here to support your lifestyle.

Your Guide to Holiday Gifts and Activities in Riverside

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In Riverside, there’s a lot to see and experience during the holidays. We’ve got holiday activities, exciting shows, and unique shopping experiences to make for a memorable time.
beach chair and on the sand

16 Fun Summer Activities in Riverside, CA

July 1, 2022
If you're looking for summer activities in Riverside, you've come to the right place! Here at Corona Pointe Resort and Townhomes, we love getting out into the sun and enjoying the change of pace.