Retired couple Benjamin and Mary Beth Glover have lived in virtually every corner of the United States until deciding several years ago to construct a retirement home in a suburb of San Antonio. An unfortunate downturn in the Texas residential housing market, which caused tremendous financial stress, forced them to scrap these plans and re-focus on options available in the Baltimore market. The Glover’s are now part of a growing “renters by choice” movement which provides them with the flexibility, available capital and preferred home style to meet their lifestyle.
The couple recently leased two separate apartment units – to house their three cats and the material Mary Beth uses to create elaborate quilts – within the Symphony Center Apartments located on 1020 Park Avenue in Baltimore City which is managed and leased by David S. Brown Enterprises. The Glover’s were attracted to Symphony Center’s proximity to three medical centers that they visit frequently, as well as the City’s dynamic restaurant environment, particularly surround the Mt. Vernon area.
Speaking among stacks of moving boxes that are carefully organized and labeled throughout their current rental home in Pikesville, the Glover’s explained why renting makes the most amount of sense at this point in their lives. “Financial flexibility is among the most important reason,” stated Benjamin Glover, who met his wife while working for more than forty-five years at Bechtel Corp. “We had to re-group, and lost a majority of our cash reserves when dealing with the housing situation in Texas. Mentally and financially, we could not take that chance again. The short-term lease provides us with security and confidence that we don’t have an extended commitment to the property.”
Leasing two separate units at Symphony Center, according to Mary Beth, provides them with two, two-bedroom units which “is almost as large as a house.” The couple also chose Symphony Center because it is pet-friendly. “We needed the extra space for the three cats, and also to utilize one as an office and area to create elaborate quilts, which we donate to charity,” she added.
“It would have been almost impossible to find a ranch house to rent in this area, so Symphony Center became the next best option in terms of overall accessibility, product type and cost. Not worrying about maintenance and upkeep issues is another attraction to apartment living. We have an on-site company that takes care of all that,” Benjamin explained.
“In the current market, renters by choice are not solely defined by young people in their 20s and 30s who are limited by their financial resources,” explained Monique Cydylo, Residential Division Executive for David S. Brown Enterprises. “The Glover’s and others in this mature demographic bracket are recognizing the advantages of renting to match the unique requirements of their lifestyle. When finding the right apartment product, they achieve the size they are looking for, combined with the perfect location, and close to the amenities and services that are important to them.”
David S. Brown Enterprises, LTD., founded in 1933 and headquartered in Owings Mills, MD, is a full-service real estate company providing leasing, sales and management services. For additional information, visit www.davidsbrown.com
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