Depending on where you live, the demographics of your tenant pool will vary. If you want to make your property family-friendly, ahouseis your best bet. Apartments are usually smaller and work better for younger people (college students, single women, bachelors, groups of friends) with a tighter budget.
People also ask
Is it better to rent or buy a house?
So renting (vs. buying a house) can save money, increase the odds you’ll get the home you want in the future and help you avoid a stressful buying process. Deciding whether to buy a house vs renting an apartment is always a complex decision. But for now, renting has some serious advantages. Home prices just hit a record high
What are the benefits of renting an apartment instead of buying?
Besides the costs savings provided by the general difference in square footage between the two, renting an apartment also means sparing your wallet the costs related to heating or cooling a larger space. Lawn care might not be covered in your rental agreement, further extending your expenses.
Is it cheaper to live in an apartment or a house?
Expenses ?Living in an apartment should be cheaper than a house. Not only will the rent often be more reasonable, but you are also paying for less room most of the time. You will need to spend less on utilities, which is frequently included in your monthly rent anyway.
Is renting an apartment right for You?
These are the reasons why renting an apartment might not be right for you. Nuisances ?Living close to your neighbors will mean you are disturbed by noises more than you would like. There can be other problems as well, like infestations and unpleasant smells that you檒l have to put up with.