When you’re looking for a new place to live and you can’t decide if you’re ready to buy a house or continue renting an apartment, the decision can seem incredibly overwhelming. But the truth is, many young adults are choosing to rent lofts and apartments rather than make big investments in houses, and here are just a couple reasons why:
Cost is always a major issue when it come to buying or renting a house or apartment, and the real estate industry hasn’t been the most stable of industries in the last few years. Although you won’t have ownership rights when to choose to rent a loft apartment, you’ll still build up credit by paying your bills on time and you won’t have to worry about factors that could affect the value of your property if you ended up selling it. With so many luxury apartments popping up across the country, these housing options are becoming very affordable and convenient.
Fewer responsibilities are definitely one of the major perks when it comes to renting a loft apartment, and the best apartments are managed by a team of customer service and maintenance staff who will ensure that any time you have an emergency repair issue, you always get some help ASAP. There’s no reason to feel like you should be able to handle all of these home repair and landscaping tasks just because other homeowners can — many people choose to rent a luxury apartment simply because they have other priorities, and that’s completely okay!
There are a lot of ways that buying a house can be a great investment and a great move for you, but if you aren’t completely sure that you’re ready for it, then there’s nothing wrong with opting to rent an apartment. Ultimately, it comes down to whatever makes you feel comfortable and whatever you can reasonably afford. Regardless of what other people are doing, if you feel that renting an apartment is a better choice for you in the long run, then it probably is!