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Renting an apartment – is it worth it?

If you have encountered this post, you are probably searching the information about apartment rents because you are starting a new life on your own. Finding a roof over your head is not that easy and we understand that. In addition, apartment sale is becoming more and more popular and huts the apartment rent market a little, as realtors spike up the prices of rentals to work on their commission. Nevertheless, renting an apartment is usually the only viable option for young people who don’t have too much money to spend up front. And, contrary to the common opinion, young people (usually students) are very good tenants.

Buy or rent?

Many people ask themselves this question – is it more viable to rent an apartment or buy it and do not hassle with high monthly fees in the future? You know that rented apartment is not your property and you have to take care of it like for any other thing that is only leased – you should return it in at least in the state you got it. Of course, the comfort and rules in the rented apartment are all dependent on your agreement with the owner. You should also look for newly renovated apartments for rent in the UK, which are trendy right now (but prepare for a bit higher than usual price). This trend prevails also in the big investment habitat and refurbishment of an apartment before sale is nowadays an obvious thing to do when you put your house on the real estate market. Thus, if you encounter an offer that offers the apartment cheap, it may mean that all renovations and refurbs have to be done by the tenant and you obviously don’t want that.

Renting for the first time – where to start?

If you are new to the property market, you probably do not have any experience in apartment searching and renting. But hiring a realtor who will help you is pretty expensive, so if you are short on cash, it is a better idea to do everything in your power to find the apartment yourself. Thorough research is necessary if you wish to find something that will suit not only your budgetary needs, but will also conform to your personal standards. But remember – finding a perfect (or rather – a near perfect) apartment may take weeks at the least ad it is usually months before you get something that will satisfy you. Location, price, comfort, equipment – all of those factors can make or break the offer. If you have a real problem finding a good apartment for rent in your neighborhood, better think of buying one, even if it means a mortgage of some sort.

Davidn Benson

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