Who said apartments have to be cramped and noisy? While people often turn to owning or renting homes for scratching that luxurious itch, other options have risen to the top as the go-to solution for affordability and quality. Luxury apartment communities are composed of on-site activities, such as gyms and pools, and nearby theaters, parks and malls. They’re well known for their accessibility compared to conventional homeowning while maintaining high standards for security. If you’ve considered apartments for rent but are still comparing notes with homeowning figures, prepare to be convinced!
Why Do People Move?
Did you know it’s estimated that 45 million people move every year? The market has to keep up with the demand of people who have different budgets, different goals and different physical needs. Some need spaces that are elderly accessible, while some need a strong surrounding community for their children to grow up in. Single-family homes have grown significantly in size to meet demand, with an estimated 13% increase over the past few years to 2,678 square feet. So, how do apartment communities come into the mix?
Renting v.s. Homeowning
Homeowning feels wonderful for those that crave independence and the ability to craft their living spaces entirely to their will. However, there are multiple benefits to living in luxury apartment communities. The biggest is freedom — if you move around for multiple reasons, be it job or military, then flexible apartment leases will ensure you’re never tied down. Affordability is another top reason people turn to apartments, as leasing and applying for down payments on a house can be outside of many renters’ budget. Last, but not least, insurance is a lot smoother with luxury apartments. Did you know the average renter’s insurance is a mere $12 a month? That’s music to anyone’s ears!
The Final Verdict!
Luxury apartments ensure you get the most bang for your buck. With an affordable down payment (and insurance if you could use the extra security!), you get a thriving surrounding community, multiple on-site activities at your disposal and the freedom to move whenever you see fit. Apartment rental is a thriving business that only continues to grow as the economy changes and people try to balance their budget, so what are you waiting for? Look into luxury apartment rentals in your community and start saving your hard-earned money!