A house or apartment is a natural dilemma when considering buying your own home. It can seem all the more difficult to make a decision if you are buying your first home. While each comes with its own benefits and drawbacks, what you may need to ultimately give priority would be your lifestyle and preferences. No matter what you opt for, there will be options in all budgets, segments and areas.

Questions to consider when deciding between a house and an apartment

Either way, finding a space where you would be comfortable and peaceful should be your focus. However, here are some questions to keep in mind while you make a decision in the house vs apartment debate.

– What is your budget?

Like in any other purchase decision, budget should be the foremost concern. Property prices vary based on area. While typically apartments cost less than houses, apartments in certain areas (for example, an upscale or elite area) may cost more than houses in other areas. Generally speaking, apartments tend to be less expensive than houses in the same area; however, it can be the case that apartment living is more expensive on a £ per square foot basis.

For a first-time buyer who is looking to take their step in the property market, an apartment might be a wiser choice, as it would most probably entail a smaller security deposit amount than a house purchase.

– What kind of location would you prefer?

If you like the city centre, apartments may be the more feasible option. But houses may be your best bet if you prefer the suburbs and more peaceful areas minus the hustle and bustle.

– What maintenance would be required?

Apartments may be a frontrunner in this because they generally demand lower maintenance and offer greater convenience, including service personnel to take care of repairs and work. It may, of course, be attached to additional service and utility charges depending on how luxurious the development is.

– How much space are you looking for?

Even though some people may need a small space only, they may prefer to have a larger space because they can afford it. For example, even though a couple with no children may need a one-bedroom apartment only, they can still opt to have a three-bedroom spacious apartment or house based on their individual preference for space. While buying a house offers you the advantage of expanding the space later if needed, you do not have that option in the case of an apartment. You are restricted to the space that you buy.

– Do you want an outdoor space?

If you like to have your own garden and greenery around you, a house is what you should pick. Apartments tend to have common outdoor spaces and not necessarily your individual space and private gardens are rarer to find. However, the advantage is you would not have to bother with maintenance like cutting the grass, watering plants, etc.

– What is your lifestyle preference?

Lifestyle should be an important factor of consideration when choosing your space. If you want a slow pace of life, the suburbs or the countryside maybe your area, which would most probably have houses and not apartments. But if you like the fast life with easy access to bars, restaurants, and other amenities nearby, then an apartment in the city would be a better buy for you.

Another starting point for your decision-making could be – Would it be your permanent home or just the first home? At Glentree Estates, we understand that choosing between a house and an apartment can be a daunting decision. That’s why we’re here to assist you every step of the way. With our extensive portfolio of diverse properties, we can help you weigh each option’s pros and cons, considering factors like location, budget, lifestyle needs, and future plans. Our experienced team will guide you through the process, ensuring that you make a choice that perfectly suits your needs. Whether it’s a house’s charm or an apartment’s convenience, rest assured, Glentree has the ideal property waiting for you.

Renting an apartment or house may seem daunting, but renters could outgrow homeowners by 2039, as per predictions. It is obvious that renting is gaining popularity with urban professionals who may be looking for modern and urban living options at affordable rates.

Here are a few tips and information to get you started –

• Landlords and agents are not allowed to levy viewing fees or tenancy setup fees.
• The deposit has been capped at 5-6 weeks of rent, and it is refundable when the tenancy period ends, provided the property has been returned in good condition and well protected.
• The minimum tenancy period is six months. Any extension of the period can be mutually agreed upon and applied.
• Consider your financial situation and figure out your budget. Search for options accordingly.
• Keep documents ready to show credit history, employment status, immigration status, identity, etc.
• Some landlords may ask for someone to vouch for you and guarantee rent.

How to find a property?

Once you know how much you can afford to pay as monthly rent, look for ideal locations and property sizes based on your preference for proximity to close family and friends, transport networks, cities, or towns. You can either rent directly from a landlord or through a letting agent. A good real estate agent like Glentree will ensure a stress and hassle-free experience.

What to watch out for while viewing a property?

When you view properties, check on the following –

• Exteriors for damaged bricks, poorly maintained windows, cracks, etc.
• Room sizes to check if it would suit your requirements.
• Fixtures and fittings like lights, taps, cupboards, doors, etc.
• Security, like if the locks and alarms are working properly.
• Wi-Fi and phone connectivity.
• Noises around.
• Storage facilities.

Before deciding, you could opt to view the property once again to ensure it suits your requirements. Some rentals may be furnished, which could be beneficial if you are a first-time renter to avoid the extra expenses of purchasing everything required for your space. These usually include basic furniture like beds, wardrobes, dining table and chairs, sofas, and white goods (fridge, washing machine, microwave, etc.).

What are the requirements to rent a property?

You will have to give proof that you can afford the rent, for which you may be required to submit documents, and checks may be done to check your credibility.

The landlord or letting agent may check some or all of the following –

• References from an employer or previous landlord, if applicable
• Payslips as proof of income
• Tax returns for self-employed people
• Bank statements
• Identity proof
• Proof of your right to rent

Additionally, a credit check will be done on you. In case you are not able to give proof of income or your credit history is bad, it may be difficult for you to secure a property.

What are the bills to pay?

• Council tax
• Gas, electricity
• Water, sewerage
• Phone, Wi-Fi
• Maintenance

Some rental options may have ‘all bills included’ rent. Be sure to check what this entails. Glentree, an experienced real estate agent, can assist in finding the best rentals.