It’s your college graduation day and you’re ready to take on the world. You’ve got a new job lined up and you’re ready to move to the big city. Only one question remains: where are you going to live?
If you’re a fresh college grad, odds are your first place is going to be an apartment and odds are it will be far from your last. In fact, it’s estimated the average American moves about 12 times in their lifetime.
But let’s get back to your new place; it may not be absolutely perfect, but it’s yours and it’s your space to do what you want with. You might just be a homeowner one day, but for now you should know there are plenty of benefits that come with renting apartments.
- Security: Another benefit of renting apartments is that many apartment complexes have good security systems and surveillance to keep you safe and give you peace of mind, which can be important if you’re brand new to a big city.
- Financial flexibility: There are a lot of costs that come with being a homeowner from a mortgage payment to taxes to the general upkeep of your home. Living in apartments keeps your expenses down considerably. As if that wasn’t enough incentive, many complexes have programs where you get a referral bonus for recommending a friend.
If you rent an apartment, it may also allow you the chance to live in a bigger city like Chicago or New York without having to pay top-end housing prices. Saving money on housing will give you the chance to get out and city your new city and meet people..
- Freedom: When it comes to living in apartments, the one thing you’ve got a lot of is freedom. Whether you’re only staying for a short time or moving for work or for school, apartments offer plenty of flexibility when it comes to having your own personal living space. The Chicago Tenant Landlord Ordinance requires landlords to give a 48-hour notice before entering an apartment or home rental.
- Amenities: A typical apartment complex has lots of amenities to enhance your living experience while you’re renting there. A typical complex may have a clubhouse, a fitness center, a pool, a tennis court and other amenities, which are all tied into your rent payment.
- Maintenance: Being a homeowner means there are a lot of chores to keep up with. Living in an apartment complex means that your rental company or landlord takes care of all the maintenance. That means when it comes to lawn care, trash pickup or snow removal, a maintenance crew takes care of all those things for you. If that wasn’t enough, most major repairs are also covered in your rental agreement.
If you’re on the fence about renting an apartment, know that it’s more popular than you might think. Many surveys have indicated that a majority of people prefer to live in apartments and they choose to rent rather than own.
Renting an apartment comes with plenty of benefits, but you want to be sure to take time to find a reputable real estate company or landlord who can walk you through your options. If you’re moving to a big city like Chicago, searching the internet and making contacts will help give you an idea of what you may be in for.