Should You Rent a House or an Apartment?

Should You Rent A House Or An Apartment?

Deciding whether to rent a house or an apartment can be a very difficult decision for some renters. Whether or not an apartment rental or a home rental is ideal for a particular renter will largely depend on his personal preference as well as his current needs in a living situation. For some renting an apartment is perfect while others find a home rental meets their needs best.

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 normally 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 who have specific needs such as five bathrooms and three bedrooms may have a difficult time finding an apartment with these specifications but may find rental homes which 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. Because it makes their rental property feel more secluded, many renters favor this situation. Many house rentals also include a backyard which is desirable for renters with pets or children.

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 rights of the renter for a certain period of time, there are no guarantees the homeowner will extend the contract beyond the existing terms. This means as the contract is due to expire; the renter may be given 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

Deciding whether to rent a house or an apartment can be a very difficult decision for some renters. There are many advantages to renting a house as opposed to an apartment. Apartments are usually situated in more commercial areas while houses available for rent can usually be found in more residential areas. Rent for an apartment is usually significantly lower than rent for a house. Apartments are usually situated fairly closely together and most apartments usually share a common wall with one of their neighbors.

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 run the risk of having noisy neighbors who listen to loud music or have boisterous friends visiting late at night.

Perhaps one of the most significant advantages of renting an apartment is the amenities which are often available when renting an apartment in an apartment complex as opposed to renting a home or even renting an apartment in a private home. Amenities such as pools, hot tubs, exercise rooms, saunas, meeting rooms and theaters are just a few of the amenities often offered when renting an apartment.

A lack of privacy may be one of the most significant disadvantages to renting an apartment. Apartments are usually situated fairly closely together and most apartments usually share a common wall with one of their neighbors. Because the living situation makes it difficult to keep one’s life private, renters may find their neighbors end up knowing a great deal more about them than they had intended simply.

Affordability is another advantage to renting an apartment. Rent for an apartment is usually significantly lower than rent for a house. The apartment may be significantly smaller than the house, many renters find they are only able to afford these options.