Long-term rental of private houses has recently been a very popular service. Today, everyone who needs rental housing can choose for themselves not only the optimal rental period but also the most suitable type of living space, starting from a chic suburban cottage and ending with a dormitory room.
Despite the wide variety of real estate, the most popular type of housing for rent are apartments and private houses, which are located within the city. According to a Harvard study, multi-family buildings – including the traditional “apartment” – make up about 61% of the country’s available rental stock. Of course, apartments are much more in demand than the private sector, although living in a house has a lot of advantages. Many residents of megalopolises who have lived in apartments for a long time are increasingly preferring to rent private houses.
Now, you can rent a private house for absolutely any period, both for a day and for a long time. Renting this type of real estate is in great demand mainly among couples with children and, in most cases, for a long time.
The main advantage of renting a house is not only personal space but also the size of the rent. Currently, the cost of such housing is significantly lower than the cost of renting apartments, since the demand for the private sector is much less than for the same living area, located in high-rise buildings. Also, the amount of rent depends on the location of the house, remoteness from the centre, living conditions, area, communications, additional premises, as well as on many other factors.
Today you can rent an expensive multi-story mansion, as well as a small one-story house with two rooms, the so-called economy option. The budget option, by the way, is the most popular, since this particular type of housing has an affordable cost, therefore, even a family with a limited budget can afford to rent such a house.
Moving to a private house, even if it is rented, is complete peace of mind, proximity to nature, excellent conditions for raising a child. Also important are such advantages as the absence of problems with noise insulation and parking, relatively low utility rates, safety for children, etc.
Among other things, when renting a private house for a long time, you can have a pet, grow vegetables, fruits, plants and just relax in nature. It should be noted that abroad, long-term rental of the private sector has been widespread for quite a long time and there it is considered quite normal.
A huge advantage of a long-term rental house is the possibility of renting a property with a subsequent repurchase right or the possibility of purchase in installments. And if more recently, only a few landlords could agree to this type of transaction. Many sellers have become much more loyal in resolving such issues and agree to consider such a sale option as rent followed by redemption. For the tenant himself, this form of buying a house will be convenient, since renting with the right to buy out is actually the same mortgage, only with a much lower percentage.
Visit FirstKey Homes to view thousands of Homes for Rent and learn more about their available rental properties in over 15 states across the United States.