While some insist that buying a home is actually more cost-efficient than renting, it still seems to be generally thought of that renting an apartment is a great way to save money. While there are financial reasons to rent an apartment, there are even more benefits beyond that. If you are considering renting an apartment, there are plenty of quality reasons to rent instead of trying to buy your own home. Read on below to find out four of our best reasons!
1. Saving Money!
We already covered this point a bit, but when you take a look at upfront costs of buying a home–not to mention paying a mortgage over time, property taxes, and your own maintenance of your home–you really realize how much buying a home is. Renting an apartment means you can save a ton of money upfront. It’s not quite that simple though, there are a ton of factors to consider, but if you’re concerned you can check out this interactive calculator put out by The New York Times.
2. No Maintenance
Homeowners are in charge of everything from fixing their own broken pipes, maintaining their landscape, switching out light bulbs, and repairing a damaged doorknob. If you rent an apartment or townhome, this isn’t something you have to worry about. Instead, your landlord or property management company will make sure that maintenance people are able to do it for you.
3. Smaller Utility Bills
Apartments and townhomes tend to have smaller spaces than a large, single-family home, which means smaller utility bills. Because the units are located in close proximity to one another, they’re better insulated and you’ll notice it does wonderful things for your bills.
4. Less Cleaning
These smaller spaces can also bring the benefit of less time spent cleaning. There are fewer nooks and crannies you have to worry about, meaning you get to spend your time how you want. Even a townhouse, which offers much larger spaces and is more suitable for growing families than an apartment, will still offer you easy-to-clean space that won’t give you a headache at the end of the day.
The Apartments of Wildewood have a friendly community that’s waiting to welcome you!
At The Apartments of Wildewood, located in beautiful in St. Mary’s Maryland, we offer homes with access to pools, an on-site gym, and maintenance whenever you need it – and have access to all the information you need to affordably rent an apartment in St. Mary’s. To set up an appointment to check out an apartment or townhouse rental from The Apartments at Wildewood, call us at 301.737.0737 or visit the website!