At some point in your young adulthood you’re going to be likely to be weighing the pros and cons of renting vs. buying.
In many ways, some consider choosing a property to be just one big game. You make a decision, move your chess piece, hit an obstacle, change direction and create a counter-move. You may have decide to apply for a mortgage and discovered you don’t have a good enough credit score. The possibilities are endless.
Because it’s a “game”, it certainly can be unpredictable. There are only truly a few safe options, and for some people apartments are one of them. A decision of such financial magnitude as choosing a property requires clear, concise thought.
So, to give you some reasons why an apartment may be right for you, below are are few benefits of choosing one to live in.
Less Maintenance
The financial costs of maintaining an apartment are generally lower than a house due first to the smaller property size. In addition to it’s smaller stature, you’re less likely to be affected by the weather.
You may not longer have to shovel snow, or clear away leaves as that responsibility may solely lay on your landlord. You’ll just have a smaller, more focused space that is easy to maintain.
Many apartments will be under the control of a property management company, or landlord. That usually means that any maintenance costs (i.e. plumbers, electricians) will not have to be paid by you.
Decorating time will also be reduced, because you’ll have less walls (that you’re able to paint) and rooms overall which will cut down on your cleaning time! I’m just trying to be positive here people.
Everyone wants a stylish, modern home that leaves a lasting impression. And in an apartment, this vibe is easier to achieve and certainly cheaper than it is in a home.
Cheaper Monthly Payments
Besides less maintenance, another ramification of the smaller property size is lowered monthly payments. Look at the average payment on a house, and you’ll discover that apartments cost a lot less. Whether you’re checking out apartment rentals or considering a mortgage, the cost will be affordable.
Potential Increased Safety In Numbers
Because apartments are somewhat piled on top of each other, and there tend to be several in a smaller space, security risks may be lower and you may also be likely to get to know your neighbors more quickly being within such a close vicinity.
You’ll be surrounded by other apartments, each with its own security measures. In addition, apartments are much easier to burglar-proof than houses. Houses have a great deal more entrances and exits, making them somewhat more susceptible to theft.
The owners of the apartment complex will also invest in their very own safety measures (hopefully?) You can even buy your own apartment security kit. If you lived in a house, there’s a chance you could be the only one in the building, or not there at all.
If you weren’t home at your apartment, you can rest easy knowing that almost every square inch is surrounded by your neighbors.
A Community Of Neighbors
Speaking of those neighbors, you’ll have quite a lot. This comes with all the expected benefits, like someone to water your plants and collect the mail when you go on vacation. You’ll also be closer to them, literally as in many densely populated areas, apartments will be stacked in close proximity, much like this.
Above all, hopefully your apartment will feel more personal. It’s a smaller space that you can easily customize, and is generally cheaper than buying a house.
What helped you decide between renting or purchasing?
Rockford Johnson
March 15, 2016Cool post! I didn’t know that there were so many benefits of living in an apartment. Thank you for explaining that “Besides less maintenance, another ramification of the smaller property size is lowered monthly payments. Look at the average payment on a house, and you’ll discover that apartments cost a lot less. Whether you’re checking out apartment rentals or considering a mortgage, the cost will be affordable.” I have never rented an apartment before but I know that it will be a lot more cheaper than renting out a house.
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March 16, 2016Great post.
Thanks!