In the changing economy, people are increasingly moving long distances for new jobs. Or taking up jobs that require them to relocate frequently. In fact, on average, a whopping 45 million people move every year. For these and many other reasons, for many people renting can be a more suitable and cost-effective alternative to buying a home. Professionally managed apartment communities take lot of the hassle and uncertainty out of renting, offering comfort, security and a reliable staff at hand to deal with any problems with heating or plumbing.
Rent or own? Choices for Millennials
For financial reasons as well, renting may be a better choice. The New York Time published a graph showing that the down payment for a house is much higher than the security deposit for a rental apartment required by a landlord. While the down payment is typically at least 5% of the value of the home, security deposits are just equal to one month’s rent.
Renter’s insurance, typically costing just $12 a month according to the Independent Insurance Agents and Brokers of America, is also much lower than a homeowner’s insurance policy which can cost anywhere from $25 to $80 a month.
Apartment communities that reflect your values
Property management companies are now addressing environmental concerns and community involvement as a way of improving quality of life for tenants. Apartments are increasingly seen as a positive alternative to houses, offering all the amenities with none of the attendant problems.
An apartment community with green design, environment friendly appliances and plumbing, and all amenities make it easier for you to focus on the important things in life rather than the minor hassles. Shared green spaces for relaxation and socializing create a home that you will want to come back to, and where you will want to invite friends and family.
Apartment rentals offer a range of alternatives
Apartment communities generally offer a range in terms of apartment size and layout, including studios, 1- and 2- bedroom apartments and luxury apartments. Many apartment communities also offer long-term corporate housing. So it’s easy to pick the one that best suits your needs.
Residential property management companies typically offer many services and amenities that make apartment rentals a good choice for those seeking the ideal place to live, relax and play.