Why Apartment Rentals Beat Out Monthly Mortgages

Renting a living space provides more flexibility in terms of relocation, with many apartment complexes offering short term leases. Are you considering a relocation? Read on for several benefits of rental apartments.

There are several benefits of apartment living that may help you in the decision between renting and buying a home. First, apartment rentals are consistently cheaper than paying a monthly mortgage. In fact, according to SFGate research, renting is often cheaper monthly than owning a home – the average rent cost in the United States was $884 in 2012. Many apartment complexes also include utilities in the cost of rent, or even cover things such as gas and electricity for their tenants.

Additional amenities are also a major perk of apartment rentals. Many complexes come equip with fitness centers, tennis courts, lounges, pools, onsite laundry and even internet cafes at no additional cost to the tenant. For some, certain amenities may not have been available to them had they been in their own home.

Local apartments for rent, whether it be a complex or privately owned, typically also take care of maintenance issues you would normally be burdened with in your own home. Things such as gas and water leaks, snow and garbage removal, mowing, plumbing problems are taken care of for you at no additional cost.

Finally, many rental apartments provide added security, by buzz-in entry ways, security staff, and gated communities. Living in rental apartments can give you piece of mind whether you live alone or with others .
While owning your own home has its upsides, there are several more advantages to rental apartments than paying a monthly mortgage, which may help you to make your final decision come move time. Continue reading here.