Apartment search? There is a lot of discussion now whether renting is better than buying your own home. This is because people put more pressure on the cost of living when you rent or have a mortgage. One of the considerations in home ownership is also whether this will be your home for the time being while you are working or whether you are still at home.
However, during the pandemic a lot of job insecurity has occurred and working from home is now the choice rather than an option. So, when it comes to real estate, it’s more the urgent and future needs that you need to consider.
If it was me, I now opt to rent. Because renting has less commitment and it’s easier to leave where you are moved because of your work, travel, or something else. Renting doesn’t give you the headache of real estate issues and mortgage paperwork. You don’t need to face a lot of paperwork to find a buyer if you own the property and sell it.
So what are the things you should be looking for in an apartment?
It really varies depending on the big city or a small town. The two have a different price range, so you need to focus on your budget and what you can get out of it. You can consult the Toronto Real Estate for options and choices.
- One of the most important things to look for when renting an apartment is the proximity to where you are dating. It will be handy if there is a Walmart or fast food restaurant nearby where you can go to eat or buy your supplies. Parking is always an option in smaller towns. some large city skyscrapers may not be available. If like a community apartment, it is usually an open parking lot. Sometimes there are gate guards and sometimes just open where anyone can come in and park but the guards were patrolling.
- Are the apartment complex and the space and grounds well maintained? If well maintained it shows how well run the place is and it will be easy to get repair service when you need it.
- What do they use in heating and cooling the apartment? This is for air, water and oven. Most apartments have heating and air conditioning, but the difference is that they are gas or electric, as electricity is more expensive. Heating and cooling are usually low priority as is assumed.
- The most important nowadays is Internet access. Who are their suppliers and what is good to have? Maybe this can be included in your rent? Otherwise, ask residents about their experiences and get a feel for which service provider can serve you well.
- You should also ask if utilities and waste disposal is included in the rent you pay. Most often, water and garbage disposal is included.
Other optional things you should ask if they are included in an apartment in your rental are:
- Also important are amenities such as the swimming pool, gym and clubhouse. Do they have them and what are the rules? Can you bring a guest with you to use the facilities? How many family or household members can access.
- I would have included guest access rules, but due to the pandemic I guess many are more careful about who to let their homes and neighborhood in, but maybe for future reference just ask yourself how many time a guest can stay at your place because some apartments have rules about this and they might charge extra if you have a longtime guest.