Apartment VS Houses: Which is better?

Once we move out of our parent’s house, it all goes downhill from there. There is no easy way of saying that being an adult is not an easy job. There are so many things to take care of like finding a job, getting a college education or the most important of them all, finding a place to stay in. In the beginning, majority adults opt for apartments and getting a roommate or more to share it with them. However, as the years pass by and we get stable jobs, we realize that we cannot stick to the same setup forever.

This is where you get conflicted between either following the traditional route and buying a house or opting to stay in an apartment. The world of Real Estate is a tricky one and you want to make sure that you make the right decision here. So, we are going to do a quick comparison between the two options to help you reach a decision.

First of all, with houses, you get property that you get to call your own. You do not have to worry about renewing any leases because once you have made your payments, the house is yours for the rest of your life until you choose to sell it. With apartments, you have a home until your lease finishes, you will then have to go through the process of renewing your lease after that.

With apartments, you can just up and change locations once your lease is officially finished. With houses, you cannot move whenever it is convenient for you, so you stay put.

With houses, you do not have to follow anyone else’s rules. You can remodel, design and make whatever changes you please. You can also keep pets as well. However, people living in apartments cannot make any changes without the approval of their landlord.

People who live in apartments normally do not have to deal with the costs of maintenance and repairs that comes under the landlord’s domain. Homeowners on the other hand, have to bear these costs on their own.

When it comes to Real Estate, selling your house can get tricky. The market tends to fluctuate so you whether you sell your house with a profit or just breakeven is purely luck. With apartments, you just have to terminate your lease and find a new one if you have to move.

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Being a Home Owner: The Pros and Cons

We have been taught that the ultimate sign that you have made it as an adult is to finally get a house of your own. This may have sounded funny to us back then but now we understand the implication’ when it comes to Real Estate, the market is tough and finding a house is not an easy process. So, a lot of people actually prefer apartments over having a house. Some people even end up buying their apartment as well. So, if you are still conflicted between the two options and are not sure whether a being a homeowner is the right decision, you can read the pros and cons being a homeowner below.

The Upside:

  • Being a homeowner allows you a lot of freedom. You are free to design, paint and do whatever you want with your house. You also do not have to deal with apartment complex rules and you can even keep as many pets as you want.
  • You also get the luxury of privacy which is something not available to most people who live in apartments.
  • You get a permanent house of your own, so you are not spending money on rent which will ultimately be useless once your lease is up.
  • Being a homeowner gets you a lot of good credit points which will help you when you need to apply for bigger bank loans in the future.
  • Some Real Estate owners start renting out their homes as well as a means of secondary income.

The Downside:

  • Of course, with house ownership comes a lot of responsibility as well. It is upto you to take up maintenance costs like repairs, refurnishing, pest control etc.
  • While houses can appreciate overtime, they can also depreciate as well. Real Estate is not an easy investment because of how unpredictable it can be.
  • If you fail to meet up with your monthly payments, you can possibly be evicted which will affect your credit history immensely and will make it really difficult for you to apply for loans later on in the future.
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Increasing Your Property’s Market Value

As children, our biggest wish is to want to grow up as soon as possible so that we can be adult with our own house where we do not have to follow any ‘rules.’ Those really were simpler days now that we look back on them as adults. There are a lot more responsibilities and for most people, it is the same mundane routine every day for the rest of their lives.

However, buying a house is something everyone gets excited about garcinia and the first few years of being a house owner is equivalent of a ‘honeymoon period.’ However, over the years we start noticing problems here and there in the house and ultimately a lot of homeowners opt to sell their house. However, given the current state of the Real Estate Market, it is not that easy. So, there are a few projects you can do to raise the overall market value of your property.buy zetaclear

A proper landscaping job can do wonders and is normally considered to be high in demand when it comes to the realm of Real Estate, So, you can either opt for a full-scale project like getting a patio or even an outdoor kitchen built. You can also opt for smaller landscaping projects. Ultimately they help boost your curb appeal.

When it comes to the interior of your house, remodeling your kitchen and/or bathroom will do wonders for you. Most real estate agents report that potential buyer’s decisions are largely influenced by a house’s kitchen and bathroom. So, this would be a renovation project that would pay off in the long run. However, you need to make sure that the bathroom and the kitchen go with the theme and design of the house itself and not stand out.

When it comes to growing families, the number of rooms in the house are always a priority. So, you can benefit immensely by opting for either a room extension or a room partition as well. For more information on how you can increase your house’s overall market worth, you can always contact your local real estate agent for more information.

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