Why Renting an Apartment is Better than Owning a House

As kids, we all had dreams about growing up to be rich and live in a big house with some architecturally absurd feature, like a moat, or a slide leading from the bedroom to the kitchen. Maybe now that you’ve grown, you’ve become a little more practical, and decided to forgo the moat. Maybe that dream house is still in the future somewhere, but in reality, looking to own a home isn’t necessarily the best decision for everyone.  

Sure, owning a home and building equity are adult-sounding, but realistically, not everyone is ready for that step. You may want to wait a while before dealing with mortgage payments and property taxes. Not to mention, if you have a job downtown and you live in suburbia, prepare to have your soul slowly sucked through your tail pipe while making the one to two-hour commute, along with 10,000 of your closest, road-raged friends (Dallas drivers: you are rude. Use a blinker).

Sometimes people are in a rush to buy a home, just because they think it’s what you’re supposed to do. “You’re wasting so much money renting an apartment and not building any equity in a home.” Yes Grandpa, I know I’m paying money to someone else, but money doesn’t go as far as it did when you were my age. Don’t feel guilty for renting an apartment. You don’t need a house to prove that you are a real adult—just a checking account and a mild sense of existential anxiety will do.

And with that, here are some reasons renting an apartment is better than owning a home to help you ditch the guilt.

Closer to the Action

One of the best parts about apartment life within the Dallas or Fort Worth city limits is the proximity to social places and nightlife. It’s hard to find a place in suburbia that offers the same excitement and energy that a lively city space can (sorry Great Aunt Mildred, your bridge club just isn’t cutting it). Compared to places like Uptown, Deep Ellum, Lower Greenville, Oak Lawn, and West Seventh, the suburbs are KIND OF where fun goes to die. At least from the perspective of anyone who’s spent much time in the city.

Also, if you’re single and ready to mingle, there’s no better place than in a city. Even if you’re taken and ready to make-en some friends (get it—single and ready to mingle; taken and ready to make-en? Sorry), there are no shortages of fun activities in a city. Cool bars, clubs, music shows, live events, and even farmer’s markets are both great places to meet someone, and great places to get to know someone better. Where are you going to hang out with someone in the suburbs? Dairy Queen? Maybe, if an influx of children in soccer jerseys hasn’t already taken up all of the tables. Who doesn’t love a Dilly Bar

Less Responsibility

Not having to worry about things like plumbing or appliance repair is a very appealing perk to apartment living. Honestly, the less responsibility you have, the better, right? That way you have more time to spend on the other things on your to-do list, like avoiding donation requests from your alma mater.

Most apartments now have a tiered system of maintenance request priorities, and some apartments even require have a 24-hour response guarantee.  Yes, sometimes maintenance requests can be cumbersome and take forever, but online apartment reviews (and your apartment locators at Locate & Lease) will often call out those places with maintenance problems.

Additionally, owning a home more often than not comes with having to maintain a yard of some sort. It may be the raison d’etre of every middle-aged man on the block, but the suburban front yard is a serious responsibility that some people would rather live without. Are you ready to grow a mustache and start talking about sprinkler systems? If not, it may be time to get familiar with your friendly Locate & Lease apartment locators.

New in Town

Moving to an unfamiliar city is often a daunting task, but renting an apartment in the city is the best way to get familiar with your surroundings. Along with being closer to a thriving community, potential friends, and WAY better food, renting allows you a little more flexibility. Having to worry about a new house and all of the details that come with it just adds to the stress of moving. Painting and furnishing a house, keeping up with a yard, and dealing with loans and mortgages might be better suited to someone who is 100% sure they are ready to settle down in the city and state they’ve chosen. If you think you may be moving within a few years, renting an apartment is by far the most convenient option.  

There’s no need to be in a rush to own a home. Everything comes in due time, and it’s better to consider what will suit you best in your current stage of life. Besides, it’s an unfortunate fact that almost ZERO suburban homes have slides already build in them. Apartments sometimes have trash chutes, though, which are kind of like slides if you’re small. Just saying.