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Living the Tenant Life: 5 Benefits of Renting Instead of Buying

If you’re in search of your next home, you have a big decision to make; will you choose to rent or buy?

While buying a home can be a great investment, it carries its fair share of drawbacks.

Keep reading to learn 5 important reasons why choosing to rent is often the smarter option.

1. No Maintenance or Upkeep

One of the biggest costs of owning a home is the costs of maintenance and upkeep.

Roofs get holes that need patching. Appliances malfunction or go out with age. Carpets get wear spots and hardwood floors needs refinishing.

The list of maintenance costs is endless.

But renting a home rather than buying reduces these costs, because the renter is rarely responsible for them. Instead, when something breaks or needs replacing, you can call up your landlord and get it fixed, with no cost to you.

2. Reduced Expenses

Besides maintenance, renting allows you to cut other costs associated with home ownership.

Renting an apartment or condo can help you avoid costs like yard maintenance or the high cost of heating or cooling a larger home.

Even if you choose to rent a home, you’ll avoid costs like higher insurance and real estate taxes.

3. Included Amenities

When you choose to rent an apartment or condo, you’ll likely also get access to a variety of amenities.

From laundry and game rooms to workout centers and pools, there are tons of amenities that renters get access to, often at no additional cost. If you already pay for a gym or pool pass, this can mean additional cost savings when you rent a property that includes those.

4. Lower Down Payment

The average down payment on a home is 20 percent of the home’s cost. If you’re looking at a home valued at $100,000, that’s a $20,000 downpayment.

Alternatively, the down payment on a rental is often no more than one month’s rent. And that downpayment is usually a security deposit, which means you’ll get it back when you move out.

If you’re not in a financial situation to put up a large downpayment, renting makes perfect sense.

Plus, less money spent on a down payment or maintenance costs means more money to spend decorating your new space.

5. The Ability to Easily Move

The average American will move 11 times in his or her lifetime.

One of the biggest decisions to make when choosing renting vs buying is whether or not you may move within a few months or even years.

If you buy a home and then have to move for work or other reasons, you’ll have to get a realtor, list your home, and hope it sells. If it doesn’t sell fast enough, you might face having to pay your mortgage on your old home while also paying for another one in your new home city.

But when you rent, moving is as easy as waiting for your lease to be up. You may even be able to pay or negotiate to break your lease even sooner if needed.

Making the Decision to Rent

Now that you know why choosing to rent rather than buy a home is such a great choice, it’s time to choose the perfect rental property for you.

If you’re ready to start your search, check out these tips next to learn what to look for in a luxury apartment rental.

Top 5 Decor Tips for Your Apartment in Lawrence, KS

There are more people renting their homes in the U.S. than at any other point in a half-century, and it’s safe to say that not all of these heads of household are natural born interior decorators.

If you’re a tenant of an apartment in Lawrence, KS who could use some decorating tips, read on. Here are five ways to spruce up your rented living space and make it feel like a home.

1. Take Time to Learn the Layout

A first good step towards decorating your apartment is to actually not buy anything or do any decorating until you get the feel for the floor plan first.

Hastily buying furniture just to have something to fill a room can actually lead to buyer’s remorse. You should take a week or two to get used to how much available space you have, how natural light hits certain areas, and what your storage capacity is like.

You definitely don’t want to end up buying something that proves to be too big, obstructive to foot traffic, or just doesn’t work for the space.

2. Invest in “Real” Furniture

When you’re renting a home there may be a temptation to fill it with the skimpiest furniture (or something that tries to pass as furniture, such as crates) you can find because it won’t be permanent, after all. However, investing a little on high quality, well-constructed furniture is worth the time and effort to create a space you’ll love coming home to.

This doesn’t always mean spending a lot of money. You can score great second-hand finds on Craigslist, Facebook Marketplace, Amazon or at any number of discount furniture stores.

A cozy accent chair, lush rug, or solid coffee table is something you can take with you should you choose to move one day. They will help the next space feel more familiar than any folding chair ever could.

3. Showcase Sentimental Items

Family photos, vacation mementos, and objects that have special meaning to you should definitely be on display in your apartment. Photos look best when they’re wrapped in complimentary frames and grouped together on a shelf or table or hung on the wall.

Other irreplaceable items may include your childhood stuffed animal, the blanket your mother knitted, or something that your child created for you. These can have their own designated places throughout your home.

4. Get Permission Before Painting

One of the fastest ways to change a room’s mood is to paint it. This is a non-issue when you own your home, but be sure to determine the rules stated in your lease before you run out to buy a can of paint. Some apartment management companies allow it as long as you agree to paint it the original color before giving up your lease.

If painting is allowed, only paint a small sample of a color you’re interested in on the wall and examine how it changes in tone throughout the day. Both natural and artificial light can alter color and it will look different at nighttime versus during the day.

5. Seek Out Storage-Minded Pieces

If you’re renting a unit on the smaller size (or that is too small for all of your belongings), decorate with furniture that features built-in storage. This may be a coffee table with a lid that opens up, a side table that holds magazines or books, or a bed with hidden storage underneath.

Renting an Apartment in Lawrence, KS

Now that you know some pointers on decorating your apartment in Lawrence, KS, perhaps you are interested in renting one. We have luxury units of various sizes to fit every budget and family size. Search our current vacancies.

Apartment Hunting Tips: Finding Luxury Apartments in Lawrence, KS

The number of renters in the United States is on a steep rise. That coupled with near-record low unemployment rates have left many middle class to affluent singles, couples, and families looking for luxury apartments that give them all of the safety and comfort they crave in their home.

If you’re moving to the Lawrence Kansas area or are a long-time resident looking to upgrade your living situation, you’re going to find that locating true luxury apartments in Lawrence KS can be difficult.

While many apartments brand themselves as being luxury, few embody the standard of excellence people like yourself are looking for.

To help you on your apartment hunting journey, our team has compiled a few quick tips to help you find the perfect Lawrence Luxury apartment!

1. Know What Luxury Costs

A quick way to differentiated faux luxury from real luxury is cost. A high-quality luxury apartment whose aim is to endlessly service its tenants, offers world-class amenities and gives you the experience you’re looking for is going to run you more than your traditional Lawrence apartment.

If you’re running into apartments branded as luxury offering to good to be true prices, beware… You’re going to find that corners have been cut.

2. Look at Amenities and Pet Policies

A big part of luxury living is luxury amenities. During your Luxury apartments in Lawrence KS search, the complex you choose to do business with should provide access to a gym, swimming pool, clubhouse, garage and of course should be pet-friendly!

3. Assess the Area

Not only do luxury apartments mean having incredible amenities and living spaces, it should also mean being surrounded by incredible beauty.

Remember, you’re paying a premium for a luxury apartment experience. For that reason, never settle during your luxury apartment search for a surrounding area that doesn’t inspire awe!

4. Never Settle for Less than Modern

A luxury apartment is both modern in its design and modern in the appliances and furnishings it comes with. That means liberal use of high quality flooring, excellent design aesthetic, and wonderful steel appliances.

If your luxury apartment feels dated in its motif, you’re not getting the experience you’re paying for.

Wrapping Up Tips for Finding Luxury Apartments in Lawrence KS

If you’re one of the many people moving to or relocating within the Lawrence KS area, you may be on the hunt for a luxury living situation. If that’s the case, it’s important that you keep in mind our tips listed above.

They should help you find a true luxury apartment complex that will impress thoroughly over the course of your lease as opposed to leaving your disappointed and trapped in a contract.

For the ultimate luxury apartments in Lawrence KS experience, we recommend losing yourself in our pristine living community, The Fringe.

The Fringe’s surrounding natural beauty is only bested by the incredible living spaces we provide our tenants and the unbeatable amenities you’ll find yourself enjoying all year long.

Learn more about availability at The Fringe, our floor plans and fill out an application to transform your living situation today.

4 Apartment Tips for Luxurious Living in Lawrence Kansas

Given the way we live our lives today, there are lots of benefits to renting an apartment rather than owning a home. As adults, we move around more and wait until we’re older to settle down. Apartment living affords an amount of flexibility that you don’t get with owning a home.

Even when you do opt for renting over ownership, you still want the place to feel like your own. Just because you don’t own doesn’t mean it’s not your home. Your space should be a reflection of you and you should be able to incorporate personal touches.

Customizing an apartment requires more creativity than it might if you owned a home, but the results are worth it. You’ll end up with a space that fits your lifestyle and feels uniquely yours.

Below, we’re reviewing some apartment tips so you can spruce up your space. Read on to learn more.

1. Pick a Theme

When you’re living in an apartment, you want the entire space to have a cohesive feel. As you or your guests travel from room to room, there should be some thread tying all of the decor together.

It can be helpful to pick a theme that will guide you as you’re decorating. Look through home design magazines to see what you gravitate towards. And think about what you want your apartment to say about you.

Whether you like a modern look, a country feel, or something European-inspired, keeping all of the elements in the same style family will create the best overall look.

2. Maximize Space

Even in a luxury apartment, space can be at a premium. But there are a number of helpful tips for apartment living that can help you make the most of what you have.

From a design standpoint, consider how you can arrange your furniture to maximize the space in each room. Creative storage solutions can also keep your home clutter-free, which will make it look and feel more spacious.

3. Make Easy Upgrades

You may not be able to tear down walls or replace countertops, but there are lots of small upgrades that can make apartment living feel even more luxurious.

If you have carpeting, try adding a colorful rug on top to add a unique touch.

4. Bring the Outside In

When you’re first moving into a new space, you want to make it feel like you’ve lived there for years. One of the best new apartment tips for creating that cozy, lived-in feel is also one of the simplest: think green.

Add flowers and plants to the rooms throughout your apartment to personalize it and make it feel homier.

Ready to Try These Apartment Tips?

If luxury apartment living is better suited to your lifestyle, these apartment tips can help you get the most of your space. Just because you don’t own it doesn’t mean it can’t feel like your own.

If you’re looking for a luxury apartment in Lawrence, Kansas, please contact us today!