Should You Rent A House Or An Apartment?
The rental markets in many cities are cyclical: a few boom years with renters scrambling for any available studio followed by a glut in availability. In either scenario, the most desirable rental units are snapped up the quickest
Deciding whether to rent a flat or a house may be a very difficult decision for a few tenants. There are certain advantages and disadvantages to each alternative. The tenant should carefully consider these points when making his decision. Whether or not a flat lease or a house rental is ideal for a particular tenant will mostly depend on his personal preference as well as his current needs in a living situation. For some renting a flat is perfect while others find a house rental meets their needs best. This article will analyse the advantages and disadvantages of each situation to aid readers make a more informed decision regarding the type of rental situation which possibly beneficial to them.
The Advantages and Disadvantages of Renting a House
There are a lot of advantages to renting a house as opposed to a flat. One of the primary advantages is this situation affords tenants who’d usually be unable to afford to buy a house the chance to live in a house for a much more affordable cost. Another advantage to renting a house is it may provide the tenant more alternatives. Flats are normally pretty standard in terms of size, number of bedrooms and number of bathrooms. Tenants who have particular needs such as five bathrooms and three bedrooms may have a difficult time finding a flat with these specifications but may find lease houses which provide these alternatives.
Location is often another advantage associated with renting a house. Flats are normally situated in more commercial areas while houses available for rent may normally be found in more residential areas. Several tenants favor this situation as it makes their rental property feel more secluded. Several house rentals also include a backyard which is suitable for tenants 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 tenant will be allowed to rent the home. While a contract may protect the rights of the tenant for a certain time period, there are no guarantees the householder will extend the contract beyond the existing terms. This means as the contract is due to expire; the tenant possibly given notice that the house wouldn’t be available for rent in the future. Conversely, this situation is rare in flats and most tenants are confident there will be the chance to renew their lease each time it expires.
The Advantages and Disadvantages of Renting an Apartment
Possibly one of the most significant advantages of renting a flat is the amenities which are frequently available when renting a flat in a flat complex as opposed to renting a house or even renting a flat in a private house. Amenities such as pools, hot tubs, exercise rooms, saunas, meeting rooms and theaters are just some of the amenities often provided when renting a flat.
Affordability is another advantage to renting a flat. Rent for a flat is normally significantly lower than rent for a house. Though the flat perhaps significantly smaller than the house, many tenants find they’re only able to afford these alternatives.
A lack of privacy perhaps one of the most significant disadvantages to renting a flat. Flats are normally situated fairly closely together and most flats usually share a common wall with one of their neighbours. Tenants may find their neighbours end up knowing a great deal more about them than they had intended just as the living situation makes it difficult to keep one’s life private.
Having to contend with noisy neighbours is another downfall to renting a flat. As previously, mentioned flats much share a common wall with a neighbour. As a result tenants may run the risk of having noisy neighbours who listen to loud music or have boisterous friends visiting late at night.