So you just signed a new lease, huh? Congratulations! Renting an apartment equals freedom. You’re free from landscaping responsibilities, maintenance costs, and mortgage payments!
It has often been touted that bigger is better. But that is not necessarily so. In some instances, the practicalities of smaller can be just as alluring as the trappings of a larger option. Great things come in small packages…right? The debate gets even more complicated when you talk about living space and apartments. Who really knows the actual square footage they need in order to live comfortably? What does 750 square feet actually look like — and does it look that much different from 850 or 950? So when searching for your next apartment, how much space do you really need?
The rising cost of rental rates has been all over the news for the past two years. And now, those stories are being replaced by ones highlighting the softening of those same costs as well as the value associated with being an apartment renter (rather than a homeowner). But there is a whole lot more to the equation than just the basic cost – primarily rent. In fact, there is a ton of math that goes on behind the scenes at both apartment communities and inside renters’ apartments. Follow along as we crunch some numbers you may not have considered when it comes to your next apartment.