Many people choose to rent an apartment instead of buying a home prioritizing flexibility and a simple lifestyle over homeownership. Below are ten excellent reasons for choosing to rent an apartment instead of buying a house.
1. No Maintenance Costs
Homes require constant attention and money. Apartment dwellers don't have to worry about cleaning the gutters or replacing the roof.
2. Flexibility
A home ties you down like nothing else. If you get a new job in another city, you're going to have to sell your home before moving. Short term leases are especially nice when opportunities arise since your commitment is limited to a short period of time.
3. Larger Selection of Apartments in Urban Areas
Finding an affordable home for sale in a highly desirable area is not always possible. Since renters tend to be more transient and can move more easily, apartment vacancies are more likely to occur in choice areas where you want to live.
4. High-end Amenities for Affordable Pricing
Buying a home with a pool and tennis court isn't an option in modest or middle-class neighborhoods. It is not surprising that when renters evaluate the many amenities available in apartments compared to what they get in most affordable houses, they find it difficult to justify buying a home.
5. No Yard Work
Yard work is much like a part-time job. There is weeding, mowing, edging, raking, planting and shopping to be done. Apartments have some of the most beautiful landscaping around, managed by a professional landscaping service or apartment staff members.
6. No Down Payment or Closing Costs
Buying a new home comes at a substantial cost. Closing costs typically start at about three to five percent with a three to five percent down payment at a minimum. For a modest $200,000 home, it could easily cost a buyer $12,000 at the closing table.
7. Easy to Make Friends
When you move into a new neighborhood, it can take a long time to get to know your neighbors who are busy with their own families. Apartment properties offer many activities that encourage friendship. There are pool parties, wine tastings, movie nights and many other types of activities where you can get acquainted with the people in your apartment community.
8. Social Media Outreach
Many apartment managers have a Facebook page, and they are often on other social media platforms as well. It is easier to meet other people via social media posts than in person. These sites are used to share information about upcoming events, so renters can stay informed and immediately feel like part of the community.
9. Amazing Gyms
Many apartments offer incredible gyms for the perfect workout. It is much harder to dedicate the room space and money to set up a home gym.
10. Designated Parking
Parking in urban areas can be truly inconvenient and time-consuming. Apartments typically come with designated parking for residents.
Brought to by the Shreveport / Bossier Apartments Guide