When we speak about the pros and cons of renting a house vs. renting an apartment, affordability is only a part of the puzzle. If you plan to rent a home and save more in 2021 at the same time, do your homework first. Knowing what each option entails will help you make the safest and most satisfying decision.
Renting a House: Pros
Plenty of space
Two significant advantages of houses over apartments are more spacious rooms and areas able to conform to whatever purpose you require. You can easily dedicate different rooms to different family members (and duties) without the fear of anybody feeling confined or uncomfortable.
Want to have pets? Prefer a room for your hobbies? Need to work remotely? Wish to relax in a backyard? You can do all of it if you rent a house.
As advised by moving experts from slatterymoving.com, people who rent houses do it for the increased sense of privacy. As opposed to apartments, houses allow an ideal ratio between proximity to your neighbors and the perfect amount of peace.
Renting a House: Cons
The fact that the single-family houses are more spacious makes them rare in downtown areas, as well as significantly more expensive. Renting a house spells suburb.
Some of the main reasons people move out of houses are rising maintenance costs and the time it takes to clean and repair all that space. If you don’t want to make your rented home dictate your lifestyle, choose it carefully.
Houses are known to be huge money drains, the higher rent aside. In case you’re overly enthusiastic about renting and moving to a house, at least declutter before the big day to save on the moving costs. The more you bring with you, the more you’ll pay.
Renting an Apartment: Pros
Proximity to amenities
What apartments may lack in size, they compensate in proximity to essential amenities. If you prefer to live within short walking distance from favorite shops and restaurants and not worry about parking issues, consider renting an apartment downtown.
More free time
Renting an apartment relieves you of most of the work and costs. You’ll clean less space and completely forget about property maintenance. You will have much better control of your free time.
Way of life
If you have a job that allows traveling, renting an apartment makes more sense. More often than not, apartments come fully furnished, so moving in and out is quick and effortless, and they’re low maintenance.
Renting an Apartment: Cons
Unless you are ready to splurge on a luxury apartment, you will have a challenging time fitting your growing family into an average condo. This kind of decision depends on your plans for the imminent future.
Conforming to building rules
While even a rented house gives you the liberty to paint and redecorate as you wish, apartments fall under the board’s jurisdiction.
Unless you rent an apartment and a garage/parking spot at the same time, finding a free parking lot after a long day at work is going to be torture. There will be no such problems when you rent a house.
Choosing between renting a house vs. an apartment requires you to consider more than just the costs. The location, space, and even your lifestyle will affect the decision. These careful considerations have one more goal – to prepare you for homeownership one day.