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Should You Renew Your Apartment Rental Lease or Not?

Consider This Before Your Renew Your Apartment Lease

If you need to choose whether to leave your apartment, or stay put, now that your apartment rental lease has termed, you might find yourself struggling to determine which decision is right for you.  There are pros and cons to both options, whether to renew your apartment lease, or not. And truly, only you can decide which options is the best direction to take.  Regardless of your final choice, there are some factors you will want to take into consideration.

Your Location

Location is truly everything when it comes to finding the right apartment rental (or any type of real estate, really).  If you find yourself close to work and to the other activities and places that you frequent, nearby to highways or airports that make your way of life easier and the friends and family that you spend the most time with, staying where you are could be in your best interests.  If however, you are spending an excessive amount of time and/or money on travel, it might be time to consider a move.

renew your apartment lease

Your Budget

Your finances will also play a very large part in the decision to find a new apartment rental or to stay where you are.  First off, let’s consider the cost of moving.  Purchasing packing supplies, hiring a moving company and potentially missing time from work to make the transition happen can be heavy on your wallet.  That being said, if you are living well above your means and keeping your apartment has become a source of financial stress, it’s probably a good time to start looking at some other options that will make your life more manageable.

Your Amenities

One of the best benefits of apartment living is having access to some really great amenities rolled into the cost of your monthly rent.  If, for example, you are an avid gym user or love to swim, it can be extremely convenient and cost-effective to live in a unit that offers you access to a community gym or pool.  Paying for memberships to off-site facilities can be relatively expensive, not to mention the time that you are putting in to get to them.  If your community doesn’t offer amenities that are beneficial to your lifestyle, you may want to look around and see if there is a comparable apartment community that does.

Your Community

Another great thing about living in an apartment rental is the access to all types of different neighbors from different walks of life.  Living with other people so close to you can be trying at times, too.  If you’ve found a tribe of like-minded individuals in the people that surround you, that might be a great indication that you’ve landed in the space you were meant to be in (for the meantime, anyway).  If, however, you find yourself in a situation where you are constantly involved in unwanted drama or squabbles with your neighbors, or you find yourself repeatedly having to make noise complaints, you might not be in the most ideal living situation.  Liking your neighbors is imperative to a positive rental experience.

Your Landlord

Having a great landlord is another key component that will help to determine whether you should stay put in your apartment rental or not.  Let’s face it, not all landlords are created equally.  There are those that will go above and beyond to make their tenants happy, those who will do the absolute bare minimum (and even less), and those somewhere in between.  If you’ve managed to build a good rapport with your landlord, staying where you are might be the right choice for you.  If you choose to move, just understand that you also run the risk of finding a less than ideal landlord in your next space and make sure you diligently research them before committing to a lease.

Your Negotiability

Speaking of rapport, having a good relationship with your landlord could also give you the leverage to negotiate better terms in your current apartment rental before you renew your apartment lease.  You’re not required to blindly re-sign on the dotted line.  If there are things that you love about your living situation and some things you’d like to see done better, this is a great opportunity to address those things before making the decision to leave completely.

Your Familiarity

Lastly, a benefit of staying is that you know what’s expected of you and your community rules.  If you don’t like or agree with those expectations, it could be time to move on.

Looking for a Great Apartment Rental in Hattiesburg?

The absolute best way to come to a concrete decision as to whether you should stay or go is to get out there and see what else is available in your rental market.  The grass is always greener on the other side, and doing your research will allow you to make a well-informed decision.  You don’t have to do it alone; contact the team at Hattiesburg Apartments and let us show you some of the best that Hattiesburg has to offer.  Contact us today!

Posted by: southgaterealtyllc on September 12, 2019
Posted in: General