Why are Apartments Becoming More and More Popular?

apartments

More people are choosing to live in apartments than ever before. According to The Rental Protection Agency, people between the age of 14-34 make up about 40.6% of the people that rent in the United States. Since 2020, according to the same group, apartment rentals have increased by 19%. More people are choosing to live in apartments and here is why.

It’s Convenient

The old real estate saying “location, location, location is everything” rings true for many apartment dwellers. They choose to live in an apartment because it is conveniently located near their job or their school. Many people are tired of wasting time on long commutes. They prefer to live near work, schools, shopping centers, medical facilities, and entertainment venues. The money that can be saved on gas and transportation costs is significant when you rent an apartment in the right location.

It’s Worry Free

Many people do not want the stress of home ownership or even renting a home. When you own a home, the cost of maintenance can be high. Most of the time when you rent a house, you take on some of the responsibility for the upkeep. Apartment living is worry-free when it comes to maintenance and repairs. If something breaks, you put it in a work order and it is repaired at no cost to you. Snow removal, taking care of common areas, and more falls on the property management team, not on the renter.

It Comes With No Long-Term Commitments

Apartment living is appealing to people because they can try out different areas instead of being stuck in one location for 30 years. A one-year lease can be just enough of a commitment to determine if you are happy in the building. It’s freeing for many people not to feel obligated to or stuck in one location. It is an ideal way to live for many people.

If you are considering renting an apartment in the near future to be closer to work, school, or both, you should act quickly. The market for apartments is highly competitive right now. As more people evaluate the benefits of apartment living, more people are choosing this option. Act now to reserve your apartment. Call us today.

Is That New Space for Lease Right for Your Lifestyle? Here’s What to Consider

Finding the ideal space for lease can sometimes feel like looking for a needle in a haystack. About 33% of people who rent move every year, either they move to a new apartment or a home, according to the U.S. Census Bureau. Unfortunately, this means there is a lot of competition for the perfect space for lease. Once you have found a space, here are things to consider to ensure that space will fit your lifestyle.

Does It Have Enough Space?

One of the biggest problems people run into with space for lease is the size. After trudging around for a few showings, you may feel a bit burned out, and be willing to “downsize” into a space that doesn’t fit your lifestyle. Don’t make this mistake. Take a step back and really give the space consideration, and what would it mean to have to accept a smaller space? You may find that in the end the space just can’t work for you. Keep in mind if you do accept a smaller space than you need, you will likely join the 33% of Americans that move every year sooner than you think. It may be best to continue your search.

What Do You Need From the Lease Space?

It is important when you find a space for lease that the space can provide you with what you need to live comfortably. Do you need a lot of natural light to feel mentally good? Do you have a dog or a cat? Will the space permit pets? These features, if they are important to your lifestyle, will have a great deal of impact in how you feel about living in space. Don’t compromise on the needs that are really important to you.

How Much Does The Lease Space Cost?

It is important that you know what is covered in the lease. How much will it cost? What is included in the cost? Is maintenance covered? Do you have to pay for trash services, water, or other utilities? Before you sign on the dotted line, no matter how much you love the space for lease, be sure you are going in with your eyes wide open.

The perfect space is out there waiting for you. A real estate agent may be able to help you find the perfect space without compromise. Call today to learn more.