As house prices increase, it has become more convenient to opt for different kinds of housing to suit certain needs and not dive into debt. One of the most popular options is to rent an apartment because of the decent housing with a better payment option, although it has its downfalls. Recently, however, the tiny house movement has taken root and has brought a new level of housing to the market. So, which is better for those who do not want to take the giant leap and buy a house? Is renting an apartment or buying a tiny house more suitable?
The benefits of purchasing a tiny house include:
The relief and pride of ownership - buying a tiny house is often much cheaper than a full-scale house, and that comes with a handful of advantages. You are the owner, not the bank or the landlord, so you can take pride in the extra freedom that you have. There is no rent or mortgage to pay, and no pesky landlords or neighbors to constantly worry about.
The convenience of mobility - one of the most daunting aspects of owning a house is the fact that you are grounded to that location for the rest of your life, or until you decide to sell your house. Although this is not entirely true for an apartment because you can easily move out, you cannot take that apartment wherever you like. Tiny houses, on the other hand, are great if you like to travel and see new sights every so often.
The tiny house movement - there is not much to brag about when you are renting an apartment, mostly because most people have already done so and the thought of renting an apartment simply does not sound exciting. With a tiny house, however, there is a whole other world out there with fellow tiny house inhabitants. The tiny house movement is rapidly increasing, and so you can have a community to confide in and share the experience with.
The inconveniences of tiny houses include:
Lack of space - this doesn't come as a surprise. The primary purpose of a tiny house is to be small, compact, and mobile. That being said, there is limited storage space, and it is challenging to fit more than two people comfortably.
Getting settled - although mobility is an excellent, unique feature of the tiny house, it is not always easy to find a vacant spot to park your tiny house and arrange all of your other belongings. It takes a lot of effort to get settled in your desired location.
The advantages of renting an apartment include:
Lack of ownership - not owning property is not something to be ashamed of. By renting an apartment, you do not have to pay for structural repairs, upgrades, or costs for maintenance or lawn care. The landlords also make sure that you do not have to pay for light bulbs or smoke detector batteries, which is a benefit because small expenses add up.
The added amenities - with a tiny house, there is not much to do because of the lack of space. Apartment complexes often have amenities such as a pool, playground, gym, or laundry service to add excitement and assistance.
The inconveniences of renting an apartment include:
The structure you must abide by - just when you thought you escaped your parent's rules, you are trapped once again by all the regulations set forth by your landlord or property manager. It is important to make sure everything is in good shape at all times, and that you always pay your rent on time to be on good terms with your superior.
Lack of privacy - although having an apartment means having your space, it is almost impossible to avoid having a noisy neighbor right beside you, keeping you awake all night. If you and a neighbor are not fond of each other, it makes the situation that much worse. Between the neighbors, the noise outside, and the landlords, it can be difficult to believe that your apartment is your escape from the world.
Once you have decided that owning a house is not the way to go. It is important to figure out which path you do want to take. While owning a tiny house may seem stressful and difficult to manage, it is full of unique experiences and excitement, showing a different aspect of life. Renting an apartment is another option, one that comes with both regulations and freedom.