If you’re looking around for a new living opportunity and you can’t decide if you’re ready to splurge on a house or you’re better off sticking with a loft or apartment rental, here are just a few advantages of apartment rentals that might convince you to step away from the housing market for a while:
- Security: When you live in an apartment building, you automatically have better security and safety features in many different ways. Financially, the best loft apartments for rent come with management services that provide greater security regarding your personal information and your property. Luxury apartment rentals often come with enhanced building security features to make sure that you always feel safe, and the management team provides high-quality repair and maintenance services to ensure that any time you’re dealing with an emergency, it’s handled quickly and professionally.
- Fewer Responsibilities: There’s no shame in admitting that you simply don’t have time to keep up with outdoor landscaping or tiny interior maintenance issues like leaky faucets and broken door handles. When you live a busy life — and who doesn’t these days? — you don’t have time to keep up with all these little repairs. If you own a house and you let too many of these tasks slip through the cracks, they can add up pretty quickly and they end up really taking a toll on the overall value of your house. When you rent a loft apartment, on the other hand, you never have to worry about whether small repairs are influencing the value of your living space.
- Cost: Let’s face it — even though the Great Recession is definitely winding down, the housing market still isn’t the most stable market in the U.S. today. Housing prices fluctuate way too often, and they often depend on other factors that are out of your control (like neighbors, or community aesthetic). Apartments and lofts for rent often come with rent control — and even if they don’t, it’s easier to manage your finances when you rent a loft or apartment because you know exactly how much money you’ll spend each month on rent, utilities, and extra services.