There are many benefits to renting an apartment instead of buying.
Finding a good apartment
for rent is a completely subjective process. What's ideal for you in
terms of size, location and amenities might not work for someone else. Because
the search for a new apartment is so subjective, it's important to know how to
find your best fit. Many apartment complexes have amenities that you will not
have if you own or rent a house, such as a pool, tennis court, and laundry
services. Plus, plenty of home-owner hassles are typically taken care of
when you reside in an apartment, such as maintenance and lawn care. If you're
feeling down about not owning a home, or if you just want to remind yourself
how fabulous the apartment lifestyle is, here are the top 10 benefits of
apartment living.
1.) Financial
The number one benefit of
living in an apartment is the financial aspect of renting. Rent is
generally cheaper than a mortgage. In addition to an overall lower monthly
payment, other financial components such as upkeep and utilities are generally
lower due to the smaller space.
2.) Maintenance
Not only is the lack of maintenance
worries a financial blessing, but it’s also a major timesaver. When it
snows, no need to shovel, and when the lawn looks a little rugged, someone
else will be there to take care of it. The peace of mind that comes with
renting is priceless.
3.) Amenities
Unlike houses, apartment
complexes are often built with amenities such as pools, gyms, and laundry
facilities directly on the premises or in very close proximity.
4.) Safety
The close proximity of
neighbors makes multi-unit dwellings the safest locations for single women,
children, families and the elderly.
5.) Size
Apartment units are built for
convenience. The space does not have to be large and lavish; it just needs
to feel safe, quaint, and functional with a living room, bedroom, bathroom and kitchen.
6.) Community
Another great benefit of
apartment living is the opportunity for social engagement. Although a sense of
community exists in both rural and suburban areas, the close proximity of
apartment life provides an excellent atmosphere for creating lifelong
connections.
7.) Short-term
Another area where renters
have a better financial deal is the upfront cost. Renters might have to pay a
security deposit equal to one month's rent. However, when purchasing a home
with a mortgage, you're required to have a sizable down payment typically
20%.Apartment for
rent is a great short-term option.
Deciding to buy a home is a lifelong dream, but you have to live somewhere
while you work to make that dream a reality. Whether you are working on
credit, saving up finances, or mentally preparing for the responsibility of owning
a home, an apartment is the best option in the interim.
8.) Savings
While renting, we face less
burdens and responsibility. Thus, this time is the perfect opportunity to
invest into your future. By placing extra money you earn into a “rainy
day” account, you can save up for a bigger, brighter future.
9.) Lower Responsibility
Homeownership comes with a lot
of headaches that deciding to rent will free you from. Instead of using
the “rainy day” fund to fix the boiler, it can be used for a much-needed vacation
to a tropical island. Of course it's important to take care of your space and
belongings. But not needing to worry about property maintenance can be a major
stress reliever.
10.) Accessibility
