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Advantages to Renting an Apartment

Cost Factor of Renting an Apartment

Apartments often cost less to rent than owning a home. Saving money on housing will enable saving for other things, such as vacations, cars or amassing funds for children’s private schools or college education.

Aside from the often lower price of rent, having an apartment can save money in other ways. For instance, if something major goes wrong in a rented apartment, such as a broken appliance or faulty plumbing, it’s usually the landlord’s responsibility to pay for and fix.

 Less to Worry About

In an apartment, tenants are often only responsible for what happens within their walls. For instance, household cleaning, cooking and so on. But homeowners have much more to worry about. There may be lawns to mow, driveways to maintain, falling limbs from trees to worry about. Having less to do around the home means more time for the things that are more fun in life.

Aside from having less to maintain when living in an apartment, not having to worry about a yard or driveway also helps keep costs down, as gravel and landscaping can be pricey.

The Ability to Get to Know an Area

If a person has recently moved to a new area, renting an apartment is a smart idea. This allows renters time to see if the area is actually where they want to be, and also to have time to find out more about the town. For example, what are the good and bad areas of town, what kind of jobs and services are available in the area, and what the location is like in relation to schools, parks and stores.

In some cases, a family will find out that a town is not for them, and it’s easier to get out of an apartment than to have to sell a house and move. Renting is also a good option for those who must move often, such as military families or people who have jobs that require frequent relocations. On the flip side, it’s also easier to rent an apartment on short notice than to buy a home when making sudden moves.

For some, renting an apartment is a better option than buying a house. It can be less expensive, require less worry, and enable people to become familiar with an area before committing to buy a home there.

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Best Website to Find a Rental Home

Craigslist

Almost everyone has heard of Craigslist, and it definitely has its pros and cons. Some people shy away from Craigslist because they are fearful that the advertisements are bogus. It is important to bring along a friend when checking out the location in person to protect yourself. However, there are some major benefits to craigslist as a source to check out rental properties: 

  1. Photos – most people provide 4 photos for users to look at before bothering to even inquire about the home
  2. Direct communication with owner – either through email or occasionally by phone, users can typically chat with the owner as opposed to a real estate agent/intermediary
  3. Bargaining – Most advertisements on craigslist are a bit above what the owner will rent the property for. Users can typically bargain with the owner to reduce the listed price.
  4. Access to more selections – When dealing with a real estate agent, renters only gain access to the few houses those agents may have for rent. Not to mention the fact that renters are typically not the priority for real estate agents, who have more to gain financially by dealer with sellers/buyers. Craigslist offers a wide variety of possibilities in one easy-to-access, free location.

Tips:

  • As mentioned, always bring a friend with you. Just because Craigslist has some great postings does not mean it does not have some potentially dangerous postings. Be careful who you trust and whose house you step into.
  • Remember that real estate agents and property managers do post on Craigslist too. If you see a bunch of listings that say the same thing (often listing offers that seem completely too good to be true), be especially wary.
  • If you are look for a specific neighborhood or a specific feature, use the top of the Craigslist page, where you can search for keywords, etc.

Other helpful sites:

Rentals.com and Rentalhomesplus.com are easy to access and very easy to use as far as narrowing the search by amenities, price range, etc. However, be aware that many advertisements are not removed quickly when the homes/apartments are already rented. There are also many location-specific sites to use; however, some request money and most are run by real estate agencies with only a few options.