The biggest benefit of renting instead of owning is the financial aspect of renting. The fact is that rent is generally cheaper than a mortgage. In addition to an overall lower monthly payment, upkeep and utilities are lower due to less square footage.
When renting, maintenance is taken care of, making this a financial benefit and a timesaver. No worrying about watering the lawn or shoveling snow and no stress over a clogged sink or broken air conditioner. Fixing these items in an apartment is easy, because it’s someone else’s problem!
A sense of community is an underrated benefit to apartment living and being steps away from neighbors can provide an excellent atmosphere for creating life-long connections. Some complexes even regularly host resident events to encourage community engagement.
Unlike houses, apartment complexes are often built with amenities on-site such as clubhouses, pools, and fitness centers. Some apartment communities offer discounts to local gyms, shops, and restaurants as an added resident perks program.
Size and Style
Apartment units are built for convenience. Often, apartments are spacious but not overly large. They are built to be functional while the personal touches and décor are in your hands.
When looking for short-term living options, renting is by far the superior option. Buying a house is a much longer time commitment and is a major life decision. Whether you are working on your credit score, saving up funds, or slowly preparing for the responsibility of owning a home, an apartment is the best option in the meantime.
Renting is the perfect time to invest in a long-term future. While spending less on your living arrangements, this is an ideal time to save extra earnings.
Homeownership comes with stresses and responsibilities that you can avoid entirely if you rent. Homeowners must deal with up-keep, unexpected damages and replacements far more than a renter would.
One of the major perks of apartment home living is the convenient proximity to everything you need. Apartments are much more likely to be located in communities that offer shopping, restaurants, art galleries, parks and more as opposed to a house that is tucked away in a neighborhood.
Benefits of Renting vs. Buying| Apartment Living Tips