Category: Apartment

Categories
Apartment

Exploring the Top 2 Reasons People Love Renting Over Buying

More people are renting than at any other point in the past 50 years. There are a number of reasons for this, and one of the biggest reasons is that many apartments simply offer a higher level of convenience and luxury than some homes. Before you decide whether renting an apartment or buying a home is the right decision for you, it’s important to understand the countless advantages that renting has to offer. Here are just a few reasons why renting may be a better option than buying.

Apartment complexes are responsible for maintenance.

This is, by far, one of the greatest advantages of renting, most renters agree. While the average homeowner has countless maintenance tasks to stay on top of throughout the year, like lawn mowing, snow plowing, and more, those who rent apartments can simply sit back and relax, knowing that these time-consuming and physically demanding jobs are taken care of, oftentimes before they even wake up each morning. What’s more is that if anything breaks in your apartment, like your oven, garbage disposal, or toilet, your apartment’s maintenance crew can take care of the problem as quickly and efficiently as possible without you having to lift a finger.

There’s less of a financial demand.

The second reason so many people enjoy renting an apartment as opposed to owning a home is that there’s not as much of a financial demand. Buying a home is, more often than not, a long, drawn out, and overly complicated process. It can take months or even years to save up for the funds necessary to finally get the deed. Renting, on the other hand, just requires a deposit, which is typically equal to one month’s rent. This is a much more reasonable option, especially when you consider the other cost savings associated with rental properties.

Millennials are the most likely of all age groups to rent. In 2016, 65% of households headed by young adults were renting. But regardless of your age, there are some apartments for rent that offer services and amenities that far exceed what ownership has to offer.

Categories
Apartment Apartment application Pet friendly apartments wheeling

4 Reasons to Consider Renting

Model luxury apartments

Buy a home used to be the American dream, but increasingly people in the United States are finding apartment living to be just as rewarding, and far easier in many ways than owning a house. If you are trying to decide between house and apartment, read on to learn some of the advantages of apartment rental.

  1. Apartments allow for a lifestyle of frequent moves. If you are the sort of person or family that needs to move regularly, one of the great advantages of moving into an apartment is the ease of signing, moving in, and then moving out again if you need to. Of those who rent in America, 33% move every year. The average American will end up moving about 12 times during their life, so this is an important consideration for everyone.

  2. Renting an apartment makes room for changing financial situations. We don’t usually like to think about it much, but the reality is that people lose jobs, take pay cuts, or have unexpected financial demands that can mean there’s a lot less money coming in. Owning a home is a financial commitment for the long haul, so it’s wise to very sure of your financial situation before ever considering buying a home. When you rent, you are in a lot more flexible situation.

  3. There are often great planned amenities that go along with the property. As furnished apartment, luxury apartment, and townhome life become more popular, master planned communities are being built with planned amenities that people want right included from the outset. In fact, some planned amenities, like golf courses and pools, are so common that developments are increasingly looking for ways to stand out from the crowd. From coffee shops to free bikes, paddleboarding to biking and hiking trails, the options these days are nearly endless.

  4. Renting takes away the stress of upkeep and maintenance. No one wants the septic system to clog up. No one wants the garbage disposal to die or mold to get into the walls. It can be ruinously expensive to replace a roof, and if you live in an area with snow you may feel you’re spending your whole life removing snow from shared sidewalks and street corners. If you rent, though, you don’t have any of these issues.

From planned amenities to ease of moving, renting can be a great option for the modern, busy family. Never worry about who has to clean the gutters and allow yourself freedom and flexibility financially by looking into rental properties today.