Renting a House Vs. Apartment – What You Need to Know

Finding a new rental home is a personal decision based on the needs and wants of people worldwide. When deciding on renting a house vs. an apartment, what is your best choice?

Many factors are associated with the pros and cons of renting a house or apartment. A little research and house hunting go a long way.

Now is the time to make a list of all of your must-haves and ideal locations.

Tour as many properties to get a feel of the local neighbourhoods. Bring a trusted friend or family member to keep you on track. But, what else should you consider in the ongoing renting a house vs. an apartment debate?

Let’s find out!

Space –

How much space you need is a significant factor when house hunting. A Studio apartment might be the most budget-friendly housing solution for first-time renters or recent college graduates.

On the other hand, retirees might want a cozy little spot without the hassles of homeownership. A spare bedroom for the grandchildren to spend the night and community activities offer the perfect place to settle in.

Families with children should take into account the pros and cons of renting a house.

Depending on the children’s ages, here are some advantages to renting a home:

Basement/Attic Storage

Private Garage

Yard Space

Play Room

Peace & Quiet

Neighbourhood Bike Rides/Walks

Other families might enjoy the amenities an apartment complex has to offer. Here are a few advantages to renting an apartment:

Safety Features

Doorman

Workout Area

Pool

Playground

Apartment Complex Events

Keep in mind the sq. ft. of a home or apartment changes with the seasons of life. When allocating a rental budget, plan for a few years in the future if possible.

Location –

No one ever wants the old saying about being house rich and flat broke to refer to them. We all know renting an apartment in Cleveland, Ohio is much more affordable than in New York City. 

But even in areas where the cost of living is less than in big cities, there are expensive hot spot communities. Compare rental prices adjacent to these neighbourhoods, and remember to calculate your monthly living costs apart from just rent.

When moving for work requirements, ask your employer and co-workers for neighbourhood information on:

Neighbourhood Safety

Nearby Apartments

Areas To Avoid Renting

School Information

Bus/Train/Subway Availability

Location details and options can help you decide on renting a house vs. an apartment.

The Unexpected –

Add unexpected costs to the list of pros and cons of renting a house. For example, are you expected to handle lawn maintenance?

Do you need to own a lawnmower, trim the hedges, and mulch the flower beds? How about snow removal? Does the rental property come with a snow blower or snow plow service?

What about a severe weather event? If damage to the home occurs, what time frame can you expect service?

Is the home furnished with all kitchen appliances? Even a microwave or refrigerator? Do you need to purchase a washer and dryer or make trips to the laundry mat every week?

Ask for a detailed list of all the necessary steps to make sure you get your security deposit back if one is applicable.

Falling in love during the first viewing of a property can be easy. Save yourself the heartache and financial strain by knowing all the facts first.

Prepare for the unexpected. When renting for the first time or tenth, have your questions ready for the property owner or manager to answer.

Maintenance & Repairs –

The choice between renting a house vs. an apartment can boil down to everyday conveniences. Sure routine maintenance and repairs can be expected while you live in either.

But a large apartment building may have a handyman on site ready to fix that leaky pipe or broken air conditioner.

Find out the phone numbers and emails to ensure you know the correct people to contact. Also, be confident you have an emergency, weekend, or after work hours way to connect with a maintenance or repairs service person.

Pet Friendly –

When your favourite family member is furry, they may factor in the renting house vs. apartment question.

Many rental properties have restrictions or do not allow pets.

Sneaking a pet into the home can lead to fines, unneeded stress, and worse. Find a pet-friendly rental that welcomes your little buddy or buddies.

Know right off the bat what steps you need to take to reduce the damage a rambunctious puppy or adult pet can cause. 

Will the manager or owner allow you to install a gate on the steps or other areas of the home for the pet’s safety?

If your pet likes being outdoors, ask about rentals with:

A Fenced In Backyard

Walkable Trails or Sidewalks

A Grassy Area

Outdoor Space to Burn Off Energy

A nearby vet and local dog park are also perks of the neighbourhood! You know your pet’s needs the best. Consider the pros and cons of renting a house.

Senior Considerations –

Apartment complexes catering to the needs of senior citizens are popping up across the country.  These apartments offer many events and amenities to make the retirement years relaxing, social, and fun! 

The senior community may want to research apartment complexes with convenient services such as:

Prepared Meals

Game Day

Movie Night

Housekeeping

Exercise Time

Local Trips

Salons & Barbers

Interactive Classes

Find a home where you can meet new people, find new hobbies, and enjoy life in the senior apartment near you or the climate of your choice.

There certainly are many pros and cons of renting a house. The most important ones are those that matter most to you, your partner, or your family.

Finding a new home is a smoother process when you have the facts and crucial information. Good luck on your adventure in renting a house or apartment! Check out multiple properties, and don’t worry about asking questions to find your perfect spot.

Find your new home with us! Cleveland Bricks offers single-family homes and apartment units in dynamic neighbourhoods near the city and surrounding areas. View our available properties by visiting www.clevelandbricks.com today!