Renting an apartment is often a good choice for young adults, especially those just starting college. But there are many reasons why you might prefer to live on your own instead. Read this article to learn more, or contact a realtor in Southfield Michigan specializing on first time home buyers.
The Cost Factor.
If you’re looking to save money by moving into an apartment, think again. While some apartments offer lower monthly rents than others, the average rent for a one bedroom apartment is $1,200 to $2,000 per month. That’s not cheap! Not to mention that money can be spent on a loan, a house that you own! Everyone knows the best investment is real estate. If your living in a property why not spend your monthly payments to your own property?
The Location Factor.
There are several reasons why renting an apartment might not be the right choice for you. First, there are certain locations where renters are much less likely to find affordable housing. These areas tend to be located in urban centers with high concentrations of low income residents. Second, there are other issues that come along with living in an apartment. For example, you’ll need to pay utilities, such as electricity, water, gas, and cable TV. Third, you’ll also need to consider how easy it will be to move out of an apartment when you decide to leave. Finally, you should take into account whether you prefer to live alone or with roommates.
The Space Factor.
If you’re looking for a place to rent, then you should think about what kind of space you want. Do you want a studio apartment or do you prefer one bedroom? What size is ideal for you? How far away from work or school would you like to live? Will you be able to afford monthly rent payments?
The Noise Factor.
Apartments come with noise issues. Whether it’s loud neighbors, construction, or even the sound of cars driving by, apartments can make life difficult.