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Belvedere
The Reserve at Belvedere Apartments in Charlottesville, VA

Contact: (434) 296-6200

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The Benefits of Apartment Rental: Commitment v. Convenience

Apartment for rentWhether you are dreaming of your first home or you are looking for a change, the question is always the same: Is it better to buy or to rent? The choice is not always simple due to several factors, but more people are choosing to rent an apartment than ever before. When you weigh the various benefits of renting an apartment, it’s easy to see why apartment rental has become so popular.

LOCATION

Statistics show that the popularity of urban living is steadily rising - more and more people want to live close to work, shopping, and recreation rather than living in a sprawling suburb that requires car ownership (and the costs associated with owning a vehicle). Unfortunately, purchasing real estate in a desirable urban neighborhood can be intimidating - many city neighborhoods come with a hefty price tag. Apartment communities can offer apartment rentals in the same neighborhoods at affordable prices, allowing more people to live in the city without dedicating a daunting portion of their income buying and maintaining a home.

REALISTIC INVESTMENTS

benfits of apartment communityShopping for a home in our current market requires that buyers bring 10-20% of the total value of the home they want to purchase to the bargaining table. This can be a difficult amount of money to save before starting the search for average homes in attractive neighborhoods. This makes it especially difficult for first time home buyers to shop confidently. As a result, many buyers decide to settle for a home or a neighborhood that is not ideal in order to make the down payment. Alternatively, apartment renters usually only need to pay a security deposit and 2 months of rent, making it much more realistic to rent an apartment home that provides the lifestyle they seek at an initial cost they can afford.

LOW MAINTENANCE

First time home buyers aren’t always aware of the cost of maintaining a home. Routine maintenance costs can be significant – gutter cleaning, lawn care and leaf removal, trash disposal, septic system service, property taxes, and driveway upkeep can add considerable expense to a mortgage payment that might already be steep. In addition to routine maintenance, home owners must be prepared for unexpected repairs or even appliance replacement. In addition to the cost of repairs, home owners have to find contractors and trustworthy maintenance providers on their own, a task that can be fraught with pitfalls, including the risk fraud or improperly completed work. A responsible apartment community attends to the needs of its residents and provides necessary repairs and maintenance, allowing renters to enjoy their apartment home without worry or additional expenses.

EASY MOVING

apartment community with poolBuying a home can be a difficult, tedious process. A buyer has to wait for inspections to be completed before it is possible to move in, and often there are additional fees and requirements that can extend the process and add to closing costs. Furthermore, previous owners are not required to meet a specific standard to make a home “move-in ready”, often forcing new owners to clean, paint, and or even repair the home before or during the moving process. An apartment community removes these burdens from residents so that you can move into your apartment without hassles knowing that it has been professionally cleaned, freshly painted, and fully repaired.

MORE FREEDOM

Modern society emphasizes the importance of life experiences, travel, and education, all of which can make home ownership inconvenient or limiting. Home owners need someone to watch for emergencies or maintain the yard while they travel. Taking a new job or choosing to pursue an educational opportunity can force you to get your home market-ready in a short period of time. If a family member needs short- or long-term care, your will have to either invite the family member into your home or sell the home to move close enough to meet their needs. Renting an apartment keeps travel plans simple and worry-free, because maintenance will continue while you are gone. You can also move without having to sell your home before you can even begin to search for a new place of residence.

apartment featuresEXTRA BENEFIT

In addition to allowing you to live in an attractive location without the stress of maintenance, apartment rental can enhance your lifestyle in ways that might be not be available to home owners without extra cost or increased travel. Many modern apartment communities feature fitness rooms furnished with a wide variety of state-of-the-art exercise equipment, allowing you to skip the gym membership. You can also enjoy amenities including community movie theaters, swimming pools, playgrounds, walking trails, dog parks, mini cafes, and so much more, all included in your apartment rent.

Buying a home can be expensive and inconvenient, and often creates disadvantages and costs not associated with apartment rental. The right apartment community offers freedom, manageable costs, and the opportunity to live in a neighborhood that fits your lifestyle. Apartment rental may not be right for everyone, but it’s a good idea to tour an apartment community before you buy. You may find your own piece of paradise.

 

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Discover an amenity rich luxury apartment community with one, two, and three-bedroom homes designed with modern elegance. The Reserve at Belvedere offers abundant community amenities and standard features creating your exceptional lifestyle.

 
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