Gettin' Real: A Real Estate BlogGettin' Real: A Real Estate Blog

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Gettin' Real: A Real Estate Blog

Many people say they don't really feel like an adult until they buy their first home. It is a huge step. Rather than letting a landlord make all important repairs, you take on this responsibility yourself. You also get to build equity in the home over time, which can be a rather smart investment. At the same time, buying your first home can be a little intimidating. You may have questions about applying for a mortgage, setting a budget, and shopping efficiently. We hope to answer those questions with our helpful content. Your real estate agent is a good source of information, and so is this blog.


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Signs You Need To Downgrade To A One Bedroom Apartment

Is it time to downgrade to a one-bedroom apartment for rent? How can you tell if you're ready to be looking for one-bedroom apartments? Are there benefits in downsizing? Here is a guide to assist you in knowing whether one-bedroom apartments are your best bet, or if you should stay where you are.

You want to save money

Did you know that nationwide, the average one-bedroom apartment is 30% cheaper than a two-bedroom residence? If you want to save money and you don't have a large family to accommodate, then considering downgrading to a one-bedroom apartment can be a positive financial move.

You want more apartment options

Benefiting from the fact that one-bedroom apartments for rent are cheaper than two-bedroom apartments for rent, if you are on a budget and want to live in the better part of town, getting a one-bedroom apartment can make your options for housing broader. Furthermore, if you don't limit yourself to just two-bedroom apartments, you can have more variety for housing in general, even if money is not a concern.

You don't use all your space

Is your second room in your apartment more of a storage space than an actual room? Do you spend more time in the common area of your apartment, and rarely even go into the main bedroom? If you don't use all the available space in your apartment already, then downgrading to a one-bedroom apartment makes sense. You get more value for your rent, have less apartment space to take care of, and potentially save on heating and cooling costs since you don't have the extra room to moderate temperature in.

You want more intimate space

Have you recently moved in with someone and you want to share a bedroom? Have you recently had children move out and it's just you and your spouse left in the apartment? If you want more intimate space, eliminate the extra rooms by downgrading to one-bedroom apartments for rent in your area. Your realtor can help you find an ideal apartment in your budget so you can feel great about your investment.

When you get one-bedroom apartments for rent, you usually have a rental contract, just like you do with other types of apartment rentals. If you're wanting to do a month-to-month lease, ask your landlord if this can be a potential for you prior to signing a contract.

For more information about one-bedroom apartments in your area, contact a real estate agent.