Everything in life has advantages and disadvantages. Hence, you need to know the pros and cons to renting cheap apartment before you decide that is really the way forward for you. The benefits of renting as opposed to buying, at least, are numerous. At the same time, there are some significant drawbacks to be aware of as well. Let’s take a look at them so that you can make an informed decision.
Pros and Cons to Renting Cheap Apartment – The Advantages
The greatest benefit is that these apartments, as the name suggests, are cheap. Certainly, they will be cheaper than renting a house. Furthermore, you might find that utilities are paid as part of your rent, which means you save even more money. In addition, lots of other things are taken care of for you that you would have to manage yourself in a house, including things like lawn care and maintenance. All you need to do if there is a problem is call the maintenance man, and everything will be done for you.
Usually, you will also find that there are some amenities in apartment complexes that aren’t available in houses. These include community gems, laundry services, a tennis court, and a pool. You can usually use these services for free. Your apartment may also come with vital appliances like a dryer, washer, dishwasher, stove, and fridge. It is very rare for rental homes to offer these types of amenities.
Pros and Cons to Renting Cheap Apartment – The Disadvantages
The advantages are quite obvious, as you can see, but there are disadvantages to be aware of as well. When you rent an apartment, you usually have a lot less privacy. Additionally, you will be able to hear other people below, above, and beside you, and they will be able to hear you. Parking is generally limited, which can make get-togethers and parties quite difficult to organize. Furthermore, since you won’t have your own yard, you will have to share space whenever you want to have an outdoor gathering.
Also, if you have pets, then you will often struggle. You may find pet-friendly apartments, which means you have to pay a pet deposit (non-refundable). Even so, there won’t be as much exercise space for your pet, meaning you’ll have to walk quite some distance to make sure your pet gets enough exercise. Additionally, there are other limits placed on what you can do, such as having parties and playing instruments. The last thing you want, after all, is an argument with your neighbors! That said, neighbors are another disadvantage of renting a cheap apartment. If you don’t like your neighbors in a rented home, you can simply ignore them. In an apartment, however, this can be a lot more difficult.
As you can see, there are pros and cons to renting cheap apartment. It is up to you to decide which of the two will weigh heavier. There are no rights and wrongs in that, you simply have to be realistic about the possibilities and what the consequences of each of your options are.