If you’re looking for a new home, you can choose from many housing options that are suitable for your lifestyle. Renting an apartment may offer you advantages over buying a home or choosing another form of housing, and you may be convinced to move into one of the apartments that’s available for rent after you’ve considered these seven compelling benefits.
1. Cheaper Than Buying
Renting an apartment can be considerably less expensive than buying a house. In addition to the home’s purchase price, you’d have to pay property taxes, insurance premiums and other fees that are associated with owning the home. You might even need to pay land surveying and home inspector fees if you were to try to buy a house instead. You’ll only need to pay the monthly rent and perhaps some smaller extra fees for security, parking and apartment insurance if you choose to move into a rental apartment instead.
2. No Need to Do Maintenance or Repair Work Yourself
Whenever a maintenance or repair issue that requires more than a simple fix occurs in your apartment, you can call the landlord to have the issue resolved. Many apartment communities have on-site maintenance staff, and you shouldn’t have to wait long to get the problem fixed. Maintenance and repair work is usually covered by the landlord or apartment community owner, so you shouldn’t have to pay any out-of-pocket costs. In addition to saving you the money that you’d need to spend on maintenance work if you owned a home, you won’t have to endure the hassle of finding the right maintenance contractors if you rent an apartment instead.
3. Greater Security
Apartment buildings and complexes are often equipped with additional security measures to keep tenants safe. Some apartment communities have doormen and security guards on staff to monitor the premises for suspicious activities. You’re also less likely to have your apartment broken into if you live within an apartment community that has several other units. If you lived in your own home instead, you’d be responsible for buying a security system for your home and adding other security features if you wanted to make your house as safe as possible.
4. Access to Community Amenities
Many of the best apartment communities have public amenities that are accessible to all tenants and their guests. If you choose to move into one of the brand new Chapel Hill apartments or one of the other available rentals, you may have access to amenities like a resort-style swimming pool, a fitness area and an outdoor kitchen with grills. Some apartment communities even have fenced dog parks where tenants can take their dogs for safe walks and play.
5. A Simpler Process
Homebuying can be a tedious, prolonged process, and renting an apartment instead can save you the trouble. Unlike buying a house, you usually won’t need to hire a real estate agent to help you find an apartment, and this can save you a lot of time and frustration. You also won’t need to go through the negotiation process with a current homeowner or compete with other people who are interested in buying the home if you choose to rent instead.
6. Greater Flexibility to Downgrade or Upsize
If you ever want to increase the size of your living space or downsize to save money, you can do so much easier by renting an apartment rather than owning a home. You can move to a larger or smaller unit within your apartment community or at another nearby location at the end of your lease period if you’re renting an apartment. If you wanted to increase the size of a house that you owned, you’d likely have to have a home addition built, which can be very expensive and time-consuming.
7. No Need to Try to Sell When You’re Ready to Move
Selling a house can sometimes be more difficult than buying one. You’d need to list your home on the market, review offers from potential buyers and possibly invest more money in repairs and upgrades if you lived in a home that you wanted to sell. With an apartment rental, you can move out easily at the end of your lease period and won’t be responsible for finding another tenant to fill the vacancy.
Many people who want a suitable home without a lot of strings attached are happy when they choose to rent an apartment. You can check out the different apartment rentals that are available to find something that will be the best fit for you.