Pros & Cons of Leasing Privately Owned Residences

Much like different styles of apartment homes, there are a couple of things to consider if you are searching for something out of the scope of apartments. Here you will find some pros and cons of each to consider in your search!

Single Family Residence

Single Family Residences are homes meant to house one set of individuals. You will find this type of residence all throughout a city, but in higher concentrations in the suburban areas surrounding them. Single family residences are a great option when space is a necessity in your lifestyle.

Pros

Greatest amount of privacy in any housing option providing what might be considered a more peaceful atmosphere
Yards typically an expected feature, making pet ownership considerably easier
Garages typically associated with single family residences
Depending on the location and level of update, single family homes can often provide the closest rivalry to the luxury of highrise living

Cons

High variability in cost depending on location, space, and level of updates
Generally the lessee is expected to maintain the landscaping in a single family rental
Due to private ownership, single family residences often are associated with longer turn around with maintenance concerns
Much higher cost of monthly utilities such as electric, water, and trash.

Duplex & Fourplex

Duplex Apartments often appear as single-family homes yet are a multi-family residence with 2 separate wings of the home and still offer a significant amount of space.

Pros:

Often lower cost than renting a single family residence
Increased privacy as opposed to larger apartment complexes
Less oversight from management
In most cases, yards are included in bottom floors

Cons:

Immediate maintenance concerns often take longer to resolve
Often no included amenities (pool, clubhouse, package lockers, etc)
Much higher cost of monthly utilities such as electric, water, and trash.
Landscaping and yard maintenance is often left to the lessee

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