Benefits of Renting a Furnished Apartment
In the recent years, furnished apartments have become the new trend in Indian metro cities for renting and buying. Based on the provision of appliances and furniture, an apartment can be semi furnished or fully furnished and priced accordingly. Fully furnished units are generally seen in studio apartments and service apartments for bachelors but are also available in large residential units. People who move in to a new city for job purpose or living in a city for a short duration opt for fully furnished apartments.
Are you starting a new life in a new city? If you are looking for an apartment to rent or buy in a new city, here are a few tips and benefits that will help you choose the right kind of apartment that suits your needs.
Benefits of a Furnished Apartment
A furnished apartment is best for those who want to live in a place for a limited period, say less than a year or those who are looking for flat sharing with two or more roommates. The benefits of obtaining furnished apartments are as follows:
• Moving is Easy
As there is no need for...
Living in an apartment building it’s like you have to share with other people and you can’t keep any noise because the people next to you or downstairs can hear you. Also you can’t have a barbeque or a party because there is no space to have it. When you live in an apartment building this view is high because you are sitting on the balcony of the 10th floor. Living in a house the view is nice and it’s right there because you can just step outside whenever you want. You can decorate it and if your house is big enough you can have a get together or a party. When u step outside or look out your window you see all these beautiful houses and the pretty flowers that my mom planted. It’s kind of hard to explain the feeling when I stepped into this house; it was like stepping into a mansion. I was so happy and I enjoyed the house because it was such a perfect place to be for when it got warmer. My mom and I would just sit outside our porch whenever we felt like it and we would just sit and have a nice conversation, sometimes I would read a book or listen to music outside instead of being in the house all day. Living out here is a comfortable place to live and to be in because we feel like we didn’t have
There are three distinct classes of houses in the tenement-houses; the cheapest is the attic home. Three rooms is next and is usually for very poor people. The vast majority of respectable working people live in four rooms. Each of these classes reflects the needs and resources of the renters in that the attic home, for example, is generally one small room and is usually rented out by a lonely elderly person with not much money. Three rooms generally consist of a kitchen and two dark bedrooms and are usually rented out to very poor people who have a family. Four rooms generally consist of a kitchen, two dark bedrooms, and a parlor and are usually rented out by respectable, hard working families.
Although the recent tech boom in San Francisco has been blamed for the increased housing demand and the lack of affordable rental housing in the City, the reality is that the shortage of affordable rental housing been steadily climbing for the last 35 years. Rent control is oftenat the center of the controversy regarding the affordable housing shortage. In response to high inflation, and escalating rents, San Francisco’s Residential Rent Stabilization and Arbitration Ordinance was passed in 1979 (Forbes, Sheridan, 1999). Rent control imposes restrictions on landlords in regards to rent increases and evictions. It is estimated that seventy percent of San Francisco’s rental units are under rent control (Marti, Shortt, 2013). Because of the limited rent increases allowed, tenants living in these rent controlled apartments seldom move out, which severely impacts the vacancy rates in the City. Although the vacancy rate among rent-controlled units is extremely low, there are occasions when a tenant may vacate a rent control unit (a job out of the area, the decision to purchase a home, etc.). When a rent-controlled unit is voluntarily vacated, the landlord is allowed to raise the rent to market rates (this is called vacancy de-control); then the rent control annual increase takes effect on the new rent. A landlord will often raise the new rent to the highest possible price the market will allow, in an attempt to recoup the financial loss he is incurring on the units still under rent control. Because of the new higher rent, the previously affordable unit is no longer considered affordable; which then impacts the inventory of affordable housing in San Francisco.
Foreclosures in our present day society are a big issue. Foreclosures lead to homelessness, job loss, vacant buildings in towns, it causes populations in towns to decrease, and more problems for both the victim and the town or city they reside in. Thought history many people have been foreclosed on. There are many ways to avoid a foreclosure and that is to be smart with money. If one was already foreclosed on they often have a hard time buying anything from real-estate due to their credit now being bad. A “rent-to-own” option however, can allow the foreclosed upon to prove that they are still good with money and should have better credit than that they currently have. The “rent-to-own” option is when one rents a building such as a house and is eventually given the option to buy the house after a possible few years of renting the house. This then raises the question of if a “rent-to-own” option is the best idea for those wishing to buy property.
The decision of Young to rent the condominium will provide advantages in terms of security deposit and rental payments for previous months because she did not face a significant financial commitment to pay for it. If she wants to buy the condominium, large amount of down payment needed to be paid by her. Monthly sales broker fees, closing costs, condominium fees, deed-transfer taxes and property taxes should be taken into account in the cost of a condominium fees. The rental fee is more cheaper compared to the purchase of a condominium. Young also a very professional person in investment banking after completing her studies in master. Thus, if she expects to pay at a higher price in the future, this will change the ability to buy and ability to pay the mortgage nowadays. Young consider to rents because it gives her chances to make a distribution and expand its
Leasing may also be a better option if you don’t have very much cash saved for a down payment. Usually a leaser requires a “drive off” o...
To simply say gentrification is good or bad would ignore the intricacies of this complicated issue. This essay will explore both the positive and negative consequences of gentrification, as well as how policymakers can balance the pros and cons of the process through public policy and further research. Lees et al. (2008, p. xv) define gentrification as “the transformation of a working-class or vacant area of the central city into middle-class residential and/or commercial use.” This essay will focus on gentrified areas that transform from working-class to middle-to-upper class, since these transformations are more commonly accepted as gentrification and have more impact overall. It is debated whether transformation of vacant areas is gentrification
To understand what is being discussed, one has to understand the underlying problem: rent control, as a result of a shortage of affordable housing. Rent control is defined as “a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants” (Block, W. n.d) and is the “stated goal of preserving affordable housing for low- and middle-income families” (Blackwell, L. n.d). Rent control changes depending on the country. In this essay the effects of rent control will be discussed.
When you buy a home it brings the sense of accomplishment and pride. It is also a chance to express your style and personal taste. You can enjoy freedom with home ownership.Buying a home also lets you have insight as a part of a permanent community. On the other hand, in a rented apartment or home, one might feel temporary and less
Overall, they argue that the goals of rent control can be reached if they are
This article describes the disadvantages and advantages of buying or renting your home. It describes advantages of buying such as taxes and appreciation of the home. However, coming up with a down payment may be hard for many people. Renters may have less cost and more flexibility on when and where they can move to.
Appliances and utilities: Apartment dwellers usually have utility bills: gas, electric, heat and water. On-campus students face different charges: mini-refrigerator rental fees, for example, can range from $35 to $120.
In this financial situation, I live alone in a studio apartment in a complex called South Gate Towers. For this apartment, rent is $1,120 per month (Baton rouge luxury apartments, 2014), which includes the apartment, electricity, water, heating and air, and Wi-Fi. The apartment was chosen because it has enough space for me on my own and is pet friendly to accommodate the one cat that I own in this scenario. I do not own a car in this scenario because the apartment complex I have chosen to live in has gyms and shopping centers in the complex itself. To save on gas prices, I take the bus to work in the morning, home in the eveni...
Living in a dorm definitely has its disadvantages: sharing a small room, bathrooms, showers, and washing machines. Although all of these things are a burden, the advantages and opportunities that come along with dorm life, without a doubt override the disadvantages. Just from my personal experience and comments made by other girls, I would definitely recommend that every freshman girl live in a dorm. There is nothing that I would take for the different people that I have met and made friends with just by living in the dorm.
Apartments can be very affordable in a rent-controlled neighborhood, and are much more feasible for families, or students just starting out on their own; whereas, in the country, you may have to buy a home or find hard to find cheap rentals. Transportation costs, groceries, taxes, and utilities are common expenditures for any adult. But, many may find that a large amount of money can be saved on these living expenses in a city.