If you’re a single person or a couple who has just moved to a new place and are looking for an affordable place to live, you may want to consider trying to find lofts for rent. City loft apartments can be a great economical choice–and besides, they look really cool! A loft apartment is the stuff of NYC dreams in movies–a spacious and well-lit room with high ceilings and modern furniture. For a couple especially, looking to find lofts for rent can be a great first apartment choice together. Lofts are also great for creative types like artists who need a large space to work in, as well as a living space. In many cases, people may combine both their working and living space into one.
Why Rent In The First Place?
Join a growing population of young adults especially who rent. Approximately 35% of adults in the United States rent every year. You can actually save money renting instead of purchasing your own place. Research shows that a little under 20% of homeowners would have saved greatly if they had rented instead. Besides that, if you buy a home, hoping for equity down the road, the first five years of owning that home are spent repaying the bank. Generally, about one third of homeowners don’t even get past those five years before moving again. Additionally, if you choose to rent, you’re not subject to cost fluctuation like with owning a home–you don’t have to worry about maintenance, insurance, or property taxes.
It’s also fairly easy to be a renter–in many cases you won’t have to shovel snow, mow the lawn, rake leaves, or pay for maintenance (unless you’re responsible for a problem associated with it). In many cities, heat and hot water are often included in the base rent and you can enjoy a luxurious place for a lower cost.
Why Pick A Loft Apartment?
For those trying to find lofts for rent, it’s pretty clear. The large space appeals to many people, especially with its open layout. There are no internal walls in a loft apartment and there’s almost a rustic or postmodern look with exposed piping, concrete or wood floors, and gigantic windows. It’s a great place for those who like to live minimally with good light and the prices are usually fairly affordable for people moving in together.
Renting An Apartment: What to Check
Some items you’ll want to check off your list:
- Ensure the apartment has one smoke detector at the least.
- How are the other residents in the building? Surrounding noise?
- Is the apartment in safe location?
- What utilities are included? What do you have to pay for?
- Do all the appliances work?
- How quickly will your landlord respond in an emergency?
Above all, whether you’re getting a loft or sharing with other people, listen to your gut. If something feels off about a place, trust your instincts. You want to make this place your new home, not be miserable in it. With some hard looking and perseverance, you’re sure to find the best place for you!