What Is The Difference Between To Rent An Apartment Essay

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Recommended: Difference between buying and renting a home

Have you ever debated on whether or not you should renew your monthly apartment lease you regularly pay or buy that desired, beautiful home you have had your eye on for so long? Many people contemplate this same situation every single day. It is a very big decision of moving from just paying rent on your apartment to paying your mortgage every month. The differences between renting an apartment and buying a home all varies on what your perspective of the situation is. Many of the differences include up-front cost and prices, your own financial situations, and the different property styles and regulations. The first aspect, which carries the most differences, would be the upfront cost and prices. Renting and buying both come with several different expenses. Renting an apartment could be quite expensive depending on the amount of bedrooms you get. According to numbeo.com, the average amount that a person pays to rent an apartment in the Baton Rouge area is around $850 a month, which is just a one bedroom in the city limits. To get an apartment outside of the city limits it could run around $800 a month. Different apartment complexes prices vary, it’s all depending on the quality of the apartment and the location. Basic utilities for an apartment that is 915 square feet could run …show more content…

Financial situations can dictate how much you can spend a month on bills. Most apartment renters are college students or single citizens who cannot afford to pay house hold bills all on their own. It is more convenient for them to just pay their month to month set in stone bills until they get to the stage in their lives of buying a home. Homeowners are most of the time families or single individuals who are far up into their careers and lives. Families usually have two people bringing in an income which makes it a lot more comforting taking on $1,400 worth a bills a

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