Renting House Vs Apartment – Pros & Cons
Moving into a new place can be a complex decision. Why should it not be? It’s a long-term commitment that will be difficult to reverse once you have moved in. House rental or apartment rental? This blog will cover all that you need to know!
With the rise in the Real Estate business, the decision of renting a house or an apartment can be tricky. A diverse selection of apartments and housing societies are being developed, thus making the process of renting quite arduous.
Renting A House VS An Apartment
Several factors need to be considered before renting a house or an apartment including the cost of rent, formal procedures, paperwork, living space, etc. The housing trends in the society are also a huge factor to consider when deciding to move into a new place.
Initially, people living in Pakistan preferred living in houses. The trend of moving into apartments has recently begun in the country due to its cost-effectiveness and ease of living. A wide range of apartments is currently available and under construction as well.
If you are confused about your decision, Agency21 International is here to give you the pros and cons of both, Renting a House Vs An Apartment.
Pros Of Renting A House
Renting a house is a tough decision. Besides being costly (as compared to apartments), houses tend to be a bigger responsibility, however, it has many advantages:
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Space:
Who doesn’t like some extra space in their homes? One can achieve their dream home by utilizing extra rooms e.g. a separate room for gaming or a small gym if you are a fitness freak.
One of the main reasons to rent a house instead of an apartment is the space houses provide. One prefers renting a house especially if they are planning to move in with their families. This will enable them to have extra rooms and space for guests or children.
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Privacy:
If you treasure your privacy, renting a house is the right decision. Having a sufficient gap between homes is imperative if you need more privacy in your home. Renting a house vs an apartment- it is indeed a complex decision, but when it comes to privacy, apartments win.
In contrast to houses, with apartments, you will have neighbours who will live extremely close to you. This is a major privacy concern if you get easily annoyed with noisy neighbours. Vacuuming or loud music, no one wants disturbance after a long day.
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House Pets:
We cannot deny the fact that house pets would love living in a house rather than an apartment. An open space, a backyard, or a lawn outside is just what they need to hang around in the house. Pets need a big space to play and enjoy their time, rather than an enclosed space.
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Potential To Rent A Room In The House:
Renting a room in the house (only if the landlord permits) will almost certainly cut the house rent in half. If you can find an ideal candidate who is trustworthy and reliable, then renting a house is the best way to go about the decision.
Cons Of Renting A House
Along with so many benefits of renting a house, there are a few disadvantages you must consider before making your decision:
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More Responsibilities
Renting a house instead of an apartment provides more space, which may have certain downsides. A bigger house means a bigger space, thus a bigger responsibility.
House chores will most likely increase by a huge amount. Cleaning up will be a task, and if you have a lawn or a backyard, the maintenance will consume a lot of your time.
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Expensive
Keeping a few other factors constant, renting a house is generally expensive as compared to renting an apartment. If you want a large space for your family, you will need to pay an extra amount for it. Decorations and furnishing will be another major expense when it comes to renting a house.
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Utility Costs Are High
Utility bills in a house can be significantly higher than in an apartment. It takes a lot more electricity to heat or cool an entire house.
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Maintenance Costs
Needless to say, a larger space means you will have to incur more maintenance costs. With apartments, the owners usually take things into their own hands when it comes to maintenance work. However, with house rentals, every maintenance work will have to be done by you!
Pros Of Renting An Apartment
Apartments may not provide a large space or the privacy you need, but they certainly have some noteworthy benefits:
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More Affordable
Keeping expenses in mind, apartments are a feasible option as compared to house rentals. Apartments will have lower utility bills and less maintenance costs. As a matter of fact, in the matter of majority apartment rentals, the total rent payment will entail the utility bills as well.
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Amenities
If you are looking to enjoy good quality amenities with lower costs, apartment rentals are the best way to go about the decision. Houses with specific amenities like pools and spacious garages will naturally cost more. Whereas renting an apartment will get you all amenities in one place, without excessive expenses.
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Security
One of the first things one considers before moving into a new place is its safety. Especially if you are planning to live alone or with a few friends, good security is highly imperative. Apartments are usually guarded on all corners, with cameras at work 24/7.
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Maintenance
You are likely to incur high maintenance expenses when moving into a house rental. When it comes to this, apartments are ideal for living. Lesser space means low maintenance costs and fewer responsibilities.
Cons Of Renting An Apartment
With all the benefits apartments bring with them, here are a few notable cons as well:
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Privacy Concerns
There will be limited privacy when you rent an apartment. You will be sharing walls with your neighbours, therefore, you will have to be conscious of the noise you make. Listening to loud music, or vacuuming at the wrong times can trouble the neighbours on another level.
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Certain Restrictions
You may not get the freedom you need when renting an apartment. You may not be allowed to make certain renovations you want e.g. painting walls. If you have pets, there may be certain restrictions on them as well.
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Limited Space
One of the main cons of renting an apartment is the small space. If you are planning to move in with a family, you may want to think twice. Renting a house is a better option if you want a bigger space to reside in unless you can afford a luxury apartment.
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Parking
One of the problems people have to face is the limited parking space. Not only will the tenants get a small parking space, but having visitors may be a hassle as well- it will be almost impossible for them to find a parking space close to the building.
So, Should You Rent A House Or An Apartment?
Well, the answer is up to you. The decision depends on many factors including the rent you are capable of paying, space requirements, the amenities/facilities you require, etc.
Renting a house vs an apartment- it is a complicated decision. You can weigh the pros and cons of renting an apartment and renting a house by listing. List down all the benefits and disadvantages that you can let go of. Of course, it will be a complex decision, but jotting it down will help you
Conclusively, it all comes down to you!
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