Deciding whether to rent an apartment or a house can be a tough decision for some renters. There are certain advantages and disadvantages to each option. The renter should carefully consider these points when making his decision. Whether or not an apartment rental or a home rental is ideal for a particular renter will largely depend on his personal preference and current needs in a living situation. Some are renting an apartment is perfect, while others find a home rental that meets their needs best. This article will examine each situation’s advantages and disadvantages to help readers make a more informed decision regarding the type of rental situation that may benefit them.
The Advantages and Disadvantages of Renting a House
There are many advantages to renting a house as opposed to an apartment. One of the primary advantages is this situation affords renters who would generally be unable to afford to purchase a house the opportunity to live in a house for a much more affordable price. Another advantage to renting a house is it may offer the renter many more options. Apartments are usually pretty standard in terms of size, number of bedrooms, and number of bathrooms. Renters with specific needs such as five bathrooms and three bedrooms may have difficulty finding an apartment with these specifications but may find rental homes that offer these options.
Location is often another advantage associated with renting a house. Apartments are usually situated in more commercial areas, while houses available for rent can usually be found in more residential areas. Many renters favor this situation because it makes their rental property feel more secluded. Many house rentals also include a backyard which is desirable for renters with children or pets.
One of the major disadvantages to renting a house is there may not be a great deal of certainty regarding the amount of time the renter will be allowed to rent the house. While a contract may protect the renter’s rights for a certain period, there are no guarantees the homeowner will extend the contract beyond the current terms. As the contract is due to expire, the renter may notice that the house would not be available for rent in the future. Conversely, this situation is rare in apartments, and most renters are confident there will be the opportunity to renew their lease each time it expires.
The Advantages and Disadvantages of Renting an Apartment
Perhaps one of the most significant advantages of renting an apartment is the amenities available when renting an apartment in an apartment complex instead of renting a home or even renting an apartment in a private home. Amenities such as pools, hot tubs, exercise rooms, saunas, meeting rooms, and theatres are just a few of the amenities often offered when renting an apartment.
Affordability is another advantage to renting an apartment. Rent for an apartment is usually significantly lower than rent for a house. Although the apartment may be significantly smaller than the house, many renters can only afford these options.
A lack of privacy may be one of the most significant disadvantages renting an apartment. Apartments are usually situated reasonably closely together, and most apartments usually share a common wall with one of their neighbors. Renters may find their neighbors end up knowing a great deal more about them than they had intended simply because the living situation makes it difficult to keep one’s life private.
Having to contend with noisy neighbors is another downfall to renting an apartment. As previously, mentioned apartments often share a common wall with a neighbor. As a result, renters may risk having noisy neighbors who listen to loud music or have boisterous friends visiting late at night.