Who Moves More Often: Owners or Renters?
One thing is certain: In the past couple of years, moving companies might have been one of the strongest industries in the world. Moreover, during the last couple of years, especially since the rise of the coronavirus pandemic, a lot of people tend to seek a new home for themselves. While there are many different reasons as to why one moves, we are going to answer a different question today – Who moves more often: owners or renters? Of course, you cannot hire Best Long Distance Movers without knowing why you want to move. Hence, aside from talking about who is moving more often; we are going to discuss the most common reasons for moving. Generally speaking, in this article, we are going to discuss all of the important facts and statistics that might affect any future relocation. Moreover, this article will provide you with useful insight into the migration data.
Who Moves More Often: Owners or Renters? Let us Discuss!
To be able to fully understand the difference between the two statistics, we have to understand the positions both parties are in. So, for example, someone that is renting a home will most likely not aim to settle down into that same home. Hence, renters are most likely to relocate frequently. Most importantly, as their situations might vary, these relocations can sometimes be something that they did not plan or expect. On the other hand, although owners might be able to settle down in their home, there is a large portion of them that is still constantly on the move. So, what are the reasons for this, and who is moving more frequently? The coronavirus pandemic surely made a large impact on the migration of people, as well as their reasons for moving. Therefore, we can say that it is one of the larger contributors to the latest migration trends.
What are Some of the Main Reasons People are Moving?
Some relocations might “fall out of the blue”, while others might have taken months in preparation. Therefore, how and when we move can depend on several different things. Most importantly, to move somewhere, you must have a valid reason to do so. Well, technically, you do not have to have a valid reason, but a reason is good enough.
So, before you get in touch with long distance moving companies in Florida, it is important that you know why you are moving. The reason for the move allows you to approach the process better. For example, moving to college would mean not having to move your entire household with you, but only the necessities. Hence, some of the main reasons for relocations are:
- Better job opportunities
- Education opportunities
- Lower cost of living
- Being closer to family
- Much more affordable housing
- Change of scenery
Where are Americans Moving to the Most?
Although might not be the most important reason, the coronavirus pandemic made a large impact on the migration trends during these last couple of years. In fact, according to recent studies, the majority of the population that was moving to the South of the state was moving due to the lighter COVID-19 restrictions and requirements. In fact, because of the pandemic, 23% of Americans were moving to be closer to their families. Moreover, out of the 10 highest inbound migration states, 8 of them have some of the lowest population density in the US.
The highest inbound rate has the state of Vermont, at 74%. Aside from Vermont, some of the other states on the list are South Dakota, South Carolina, West Virginia, Florida, Alabama, Tennessee, Oregon, Idaho, and Rhode Island. Therefore, hiring best long distance movers in Alabama would mean moving into a desirable US state.
What States Are the US People Leaving the Most?
The Northeast and Midwest regions of the US suffer the biggest casualties when it comes to outbound migration. For the fourth year in a row, the state of New Jersey experiences the largest amount of outbound migration. Namely, it is estimated that around 71% of the population leaves the state of New Jersey. Moreover, the state of California is also one of the states that are frequently on this list.
Consequently, the majority of the states from this list, are states that have the highest population density in the US. Aside from New Jersey and California, some other states are Illinois, New York, Connecticut, Michigan, Massachusetts, Ohio, Louisiana, and Nebraska. The main reason a lot of people did not hire best long distance movers in New Jersey, for example, is the ability to work remotely due to the situation in the world.
Who Moves More Often: Owners or Renters? What are the Main Reasons for Tenants Moving?
As we were saying in the introduction of this article, renters are, by default, much more prone to move than homeowners. However, just because they are, by nature as such; does not mean that renters are constantly on the hunt for a new home. In fact, many renters, even if they move, move due to some external factors that they could not affect. Therefore, as one of the key differences, we can say that renters might move more often simply due to the fact that there are external factors that can contribute to the relocation process. On the other hand, owners are less likely to experience an external factor affecting their lifestyle in such a way that they have to move to a new home. So, to understand better why renters would call, for example, long distance moving companies in Illinois, we discuss the reasons for the move of tenants.
One of the main reasons a tenant would move would be the sheer price of the rent. In fact, as the pandemic has a lot of effect on the economy of the whole world, prices are constantly changing. While some states have a hard time stopping the rise of prices, some have things in control as much as possible. Moreover, many people choose to move to a smaller city that offers better rent than to stay in a city with higher prices.
In fact, the pandemic did a lot for people to realize what they want from their lifestyle. Moreover, many people came to the conclusion that living in a crowded city is not that much helpful for their well-being. So, when it comes to affordability when discussing who moves more often: owners or renters; we have to say that renters are more affected by rising prices than home owners.
The Need to Upgrade or Downsize
Many people that live in rented apartments or homes will slowly start to fill in their space with new belongings. Moreover, others might turn to a minimalistic lifestyle which would create much more space than they would need. Therefore, these are often the cause of tenants’ relocations.
For example, people might start a family, thus requiring more space in their home. Moreover, people that start working on remote jobs that require a home office space might also require additional space in their home. On the other hand, as minimalism became the biggest “lifestyle” trend in the past couple of years, many people seek smaller homes. Tiny home living is slowly becoming a trend and many people, especially younger ones, are looking for a way to downsize. Therefore, another reason why people would contact best long distance movers in California is the change of their lifestyle.
Who Moves More Often: Owners or Renters? Why Are Owners Moving?
Homeowners might share some reasons with renters. However, when it comes to moving as an owner, there is a high probability that there are serious reasons behind the decision. Not to say that renters do not have serious reasons. On the contrary, as homeowners, there is a lot more at stake when it comes to moving houses. Therefore, homeowners that are moving will need to be careful when doing so. From home-related reasons to having financial struggles, there are a lot of things that can make a homeowner change their home. So, what are the main reasons that make homeowners get in touch with long distance moving companies in Michigan, for instance? In fact, we are not going to be discussing all of the basic reasons like moving because of work, or to be closer to family. Instead, all of the reasons will focus on specific home issues or situations.
One of the biggest reasons why people do not opt for homeownership as early in life is the fact that there is a lot to spend money on. Owning a home is a big obligation. Aside from all the legal steps you have to take, you also have to maintain a home once you purchase it. Firstly, this is somewhat of a moral obligation of the homeowner. Secondly, by maintaining your home, you are ensuring the safety and comfort of your own family. Renters, for example, are not facing such issues on a regular basis.
Maintaining your home is not something that will ever “stop”. In fact, your home will most likely require constant investments and upgrades. Therefore, many homeowners will choose to purchase a smaller home, which requires less work and maintenance. Hiring long distance moving companies in Ohio can help you easily relocate.
Starting a New Chapter
Starting a new chapter is something both parties experience. So, when talking about who moves more often: owners or renters, we have to understand that each of them will go through some life-changing events. Unlike renters, that can somewhat easily relocate, homeowners will have a lot more to go through. In addition, homeowners will most likely move due to work, family expansion, or settling down into a more tranquil and safe area.
Moreover, many homeowners spend a lot of time in one neighborhood alone. Because the neighborhood can change over the years, many homeowners choose to change the neighborhood, at least. Therefore, hiring best long distance movers in Texas services is most likely to be done by owners that want to move to a new neighborhood or city. Additionally, finding a new home that has better value than the owner’s current home is another important reason.
To Answer the Question; Who Moves More Often: Owners or Renters?
Although both sides have their own reasons for moving; there is a group that is moving more often than the latter. Of course, you will have to understand that, for the most part, the reasoning behind relocations for each group is different. Nonetheless, it is no less impactful. As we were saying, moving for work as a reason has seen a large decline in percentage. A little less than 30% of Americans were moving for work during 2021; while 60% of them were moving for the same reason in 2015.
Renters are Most Likely to Move More Often
Due to the nature of their position, renters are logically more inclined to move than homeowners. Although it does not always have to be the case; many renters can spend years, if not decades in a certain home. Of course, in the long run, this will create much larger expenses than owning a home.
Nonetheless, renters are most likely to move because their living situation can change quickly. While owners have more time to plan things out. Mostly due to the fact that there are no external factors to speed up the process.
Homeowners Move Less, But The Process Requires More Attention
As we conclude the question of who moves more often: owners or renters; we have to note that moving as a homeowner is not an easy task. Because it will require more paperwork and obligations, aside from going through the purchasing process again; moving as a homeowner takes a lot more time. Therefore, hiring adequate assistance, like best long distance moving companies in Texas can surely speed up the relocation process. During this period, you can deal with paperwork. Finally, moving as a homeowner will mean having to do a lot more than just relocate your home. Hence, homeowners try to stay in one place as much as possible.