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Learn from our property management experts!
When it comes to renting an apartment, several factors can determine which community is right for you. Whether you are looking to be close to schools, fun activities, or to save on rent, sometimes the best place to rent an apartment is an up-and-coming area with a lot of promise.
There are many benefits to renting an apartment in a growing area on top of the existing benefits of apartment living. No matter what you are looking for in an apartment, do yourself a favor and check out the communities in an emerging neighborhood; they have a lot to offer!
The most obvious benefit of renting an apartment in a growing area would be lower costs. The more established areas that are in the most convenient locations will have higher rental costs when compared to neighboring areas that are still developing. With a less popular area comes fewer nearby shopping and amenities and perhaps longer commutes to work, so be careful and do your research. The positives can, however, outweigh the negatives.
Being a part of a growing area is very exciting. You will be well established and familiar with the area as you watch it grow from trendy part of town to a highly sought-after neighborhood. This can happen fast, even if you only live in your apartment for a year.
Usually located near larger cities, growing neighborhoods are never far from the action. As larger cities fill up and more people come to the emerging neighborhoods near them, the shops, restaurants, and other activities shortly follow. More than just things to do, smaller, up-and-coming neighborhoods each have their own unique character and culture.
The opposite of what everyone always tells you, renting a house or apartment can indeed be smarter than buying a home. If you are unsure whether you want to remain in the area you’re currently in for years to come, you should not be buying a house there just for the sake of buying a house. A general rule is that if you want to stay in an area for 5 years or more, it might be best to buy. However, if you do not want to stay that long, if you’re a college student, or if you just are not ready for all of the extras that come with homeownership, renting is probably the path for you.
For rentals at great prices in growing areas of Middle Tennessee, check out our communities!