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.