There is an age-old debate related to housing that people often feel strongly about one way or the other, and that is whether it is better to buy or rent a home. In truth, what is best for you really depends on your own unique set of circumstances. We might be a smidge biased, but at The Legends Luxury Apartments, we believe there are plenty of good reasons why renting is more beneficial than buying. Read more about a few of these reasons below, then be sure to check out our stylish, modern apartments for rent in Hickory today!
7 Benefits of Renting an Apartment
Lower Monthly Living Expenses
If you’re like most people, the thought of saving a little bit on your monthly expenses probably sounds pretty appealing. When you rent an apartment in Hickory rather than buy a house, you can expect to save some dough. Buying a home will cost you around $140,000 in Hickory, whereas renting only costs between $600 and $800 on average. Once you figure in the lower utility bills, non-existent HOA fees, and lower maintenance costs, there is no doubt that apartment living is where it’s at financially.
Sure, celebrities have houses that are big enough to accommodate virtually every amenity they could ever want, and they have the money to fund it all. Unless you are independently wealthy, we are willing to bet that you have neither the space or the funds to include these in your own home if you were to buy. When you choose The Legends, the only thing better than our apartments for rent in Hickory are the amenities that come along with them. You won’t find that when you are searching for a house in today’s market.
One of the biggest perks of renting an apartment is the maintenance-free living they offer. As a renter, you don’t have to worry about mowing a yard, weeding a garden, painting your house, and any of the other back-breaking chores that homeowners do. Have a plumbing problem or some other type of emergency in the middle of the night? All you have to do is call the apartment maintenance team and sit back and relax because they will handle all maintenance-related requests.
Sense of Community
Many homeowners will tell you that it takes a while to get to know the other individuals that live on the street. This is because everyone has their own home and really doesn’t have to pay attention to anyone other than themselves. When you live in an apartment, the close proximity to your neighbors provides plenty of opportunity for social engagement. Aside from sharing a couple of walls, you also share the apartment community amenities with them, and that provides the perfect atmosphere for cultivating meaningful relationships.
Those who are in favor of homeownership cite the close proximity to neighbors as one of the downsides of renting an apartment. In truth, this close proximity isn’t only great for building lasting friendships — it is also a wonderful safety feature. Think about it: if you are a single parent with children or an older individual, would you feel safer in a home where you may or may not know your neighbors? Many individuals find that they feel much safer living in multi-unit housing because of the close relationships they forge with their neighbors.
Ideal for Various Lifestyles
If you travel a lot for work or pleasure, the thought of dropping hundreds of thousands of dollars on a home you’ll hardly ever see might make you a little uncomfortable. Likewise, if you are a new college grad or just retired, the thought of a large home with multiple rooms to clean may not sound that appealing. Apartment living is ideal for a wide variety of lifestyles simply because of the many perks we have mentioned so far. You may not want your home to be lavish or fancy, and an apartment provides just the right amount of space and functionality for many people.
No Long-Term Commitment
If you are considering buying a home, then you likely have done some research on the finance options that are available to you. You’ll have to take out a mortgage unless you can afford to pay cash for a house, and that means that you’ll be strapped into a loan for the next 15 to 30 years. On the other hand, when you rent an apartment, you only have to worry about fulfilling the terms of your lease, which is generally no longer than one year. The lack of long-term commitment that an apartment offers can be very attractive for many reasons.
Looking for Apartments for Rent in Hickory?
With all of the perks to renting, some might wonder why they even consider buying a home in the first place. When you are searching for apartments for rent in Hickory, look no further than The Legends. We offer competitive rates on our 1, 2, and 3-bedroom apartments, and our on-site amenities are second to none.
Many of our units feature fireplaces and crown molding, and all residents have access to our high-tech theater room and state-of-the-art workout facility. What’s more, we welcome pets and we offer convenient online payments — and that’s just a few of our incredible amenities. In truth, there is so much more that you’re sure to love about our luxury apartments. If you are ready to learn more, call us at 828-304-0081 today. We also offer online photos, virtual tours, and online applications. We look forward to hearing from you!