Our decisions are powered by a variety of different forces in our life; the decision of where to rent a home is no exception. With many different options available to potential renters, such as condos, apartments or houses, it is necessary to evaluate what you need out of a rental unit.
In order to do this you need to assess where you see yourself in the future. For the single dweller with the active social life, perhaps a downtown apartment is suitable. However for the young working couple, perhaps more space in a quieter community is preferable.
Consider Your Lifestyle and Wants
Consider this scenario: A young couple grows tired of living in the hustle and bustle of the downtown noise and is looking for a quieter location in which to have ample space to entertain family and friends. As we mature and our relationships change, the desire for peace and quiet at the end of a long work day outweighs the desire to live where the action constantly is. It is at this time that the move to a house rental seems most ideal. For close to the same price as renting a small apartment in the downtown area, it is possible to rent a very cozy townhouse not too far off in the suburbs.
Benefits of Renting a Detached House or Townhome
The benefits of renting a house are plentiful. For the young couple who wished to get their feet into house rentals, they are in the best situation for which to set up their future. They can take their time accumulating enough furniture to furnish an entire house rather than a small apartment and not break the bank in doing so. With the slow accumulation over time the task will not seem so cumbersome.
Now imagine this same couple decide to start a family of their own. The idea of starting a family while living in an apartment does not seem overly appealing, however if this couple already has a furnished house they are in a much better position to comfortably bring a new baby home from the hospital.
Later down the line the small family may consider purchasing their first home and move away from renting. In this case they already have everything they require in order to move into and furnish a house which will make that transition easier and more cost effective than had they stayed in an apartment.
House rentership isn’t necessarily for everyone, but knowing when it is the right time to make the switch from apartment rental to house rental could prove to be very beneficial in the long run.