October 5, 2020 at 1:27 pm · Justin Becker · Comments Off on Renting an Apartment vs Renting a House
Renting a place versus buying one has its advantages, but what happens when you are on the fence about renting an apartment versus renting a house? The easiest way to figure out which living situation is best for you is to weigh the pros and cons. By simply comparing the advantages and disadvantages of an apartment or a rental home, you should likely come to the conclusion that one is better or more suitable for your housing needs.
Advantages and Disadvantages of House Rentals
To help you find your forever rental, we have taken the liberty of listing the pros and cons for both an apartment and a rental home. So, let’s go over what each home type has to offer and what that means for you.
One of the nice things about renting a house Is all the additional space you have. That said, it really depends on the size of the house, especially in comparison to a 1-bedroom or 2-bedroom apartment. Typically, you will find a lot of functional space with a house. Most homes have a living room, a den, outdoor private space, multiple bedrooms, at least 1.5 bathrooms and additional parking.
In addition to possible extra space, rental homes do offer a certain level of privacy. Apartment homes, on the other hand, likely have common walls or areas. Plus, any outdoor space is often right on top of your neighbors’. For many people, having a place to live that is just their own is important. Thus, if you are looking for added privacy, then houses for rent might be what you need.
What’s more, with an actual house, you have more freedom to enjoy leisure activities or your hobbies. For instance, if you are in a band, then you and your bandmates can practice in your garage or basement. Similarly, if you are into building furniture, or even just gardening, a house tends to accommodate better.
Distance and Convenience
In terms of drawbacks, renting a home tends to be a less convenient option. For example, most rental homes are located in the suburbs, ie. far away from the hustle and bustle of the city. Yet, most people tend to work in the city. As a result, you can expect to have a commute to work, which may take longer than you would like due to traffic. Along those same lines, other important places like hospitals, vet clinics, grocery stores, and even entertainment typically involve you hopping in your car when you have a rental home.
Another con or drawback that needs no introduction is the level of maintenance or responsibility for repairs. Since you are renting or leasing a home, your landlord will still have to cover major repairs, but when it comes to things like general maintenance, mowing the lawn, etc., then that will likely fall to you, the tenant.
Lastly, another disadvantage to renting a home is that you have to negotiate things with your landlord directly. Usually, there is no property management team or go-between when you are renting a home. Thus, if your landlord is not easy to talk to, you may find yourself having to fight for things that you are entitled to as a tenant.
Advantages and Disadvantages of Renting an Apartment
Alternatively, when you choose to rent or lease an apartment home, you may notice that it’s not a complete and total bed of roses. Instead, you will probably have to deal with a few drawbacks, but the good news is most of the advantages to renting an apartment do outweigh the disadvantages.
With that said, one of the biggest pros or perks to apartment living is the cost. Most one-bedroom apartments today will cost you less than $1000 a month. Moreover, your $1000 a month may include most of your utilities, covered parking, and give you access to a wealth of communal amenities. In contrast, a rental home will likely be more than $1000 a month, and that price generally does not include your utilities or offer you any additional perks.
Ease of Moving Out
Another bonus to living in an apartment is that when you are ready to move out, you simply give notice and start packing. With a rental home, things are technically not too different. However, typically the move out process for a rental home is a little more involved. For instance, since you have more space with a rental home, you probably have more stuff, which means you need additional help and possibly a bigger moving truck.
Besides being easier to move out of, an apartment home is generally closer to everyday conveniences. This means grocery stores, shopping centers, restaurants, and other amenities are likely within walking distance even. Furthermore, with an apartment, you don’t have to worry about mowing the lawn, repairing the light in the hallway and you also have less monthly expenses. Plus, high-end apartment communities offer remodeled units and upgrades that are comparable to contemporary homes for sale. That is not to say that rental homes are not well-maintained, but rather you will have few upgrades because rental homes change hands too often for the landlord to go all out.
One of the most common downsides to renting an apartment is the restrictions on home improvements. You may even get some money knocked off the rent with a rental home if you do the floors to your liking. However, an apartment, more often than not, has strict rules about any home improvements. Thus, if you want to paint the walls of your apartment unit, change the carpet, etc., then you need to check with your landlord and review your lease.
Another common issue that many renters dislike is the amount of available space. In general, studio apartments and one-bedroom apartment homes are not necessarily expensive, but if you are looking at an apartment community that offers three-bedroom apartments or even four-bedroom units, then limited space is really not an issue. Nevertheless, if you do not have room in the budget for a 2- or 3-bedroom unit, then you might not be too happy about the limited space.
Lastly, when it comes to renting an apartment home, there is the issue of privacy and peaceful enjoyment. Whether it is faulty plumbing, noisy neighbors, or a broken wash machine, apartments are known for having a nuisance or two. Obviously, this can make the overall experience of apartment living a little unpleasant, especially when your neighbors are making a lot of noise, and you are trying to study, work or sleep. That being said, before you give up on the idea of living in a quiet apartment complex, you should know that apartment communities that have first-rate property managers do not stand for loud neighbors or ignore repairs/maintenance issues.
As you can see, there are perks to renting both a house and an apartment. Thus, your decision really is based on your ability to deal with the possible drawbacks. Moreover, if you are looking for an affordable option that offers you convenience and flexibility, then you should start looking for apartment homes in your area. If you need some help finding inexpensive luxury apartments or would simply like to know more about the pros and cons of renting either, then do not hesitate to reach out to an expert team member at Cass Lake Front Apartments for assistance today.