According to a recent Rent.com survey, approximately 8 out of 10 millennials plan on renting for the foreseeable future, which should come as no surprise! After all, the renting lifestyle seems to be a perfect fit for the Millennial generation. Read on to learn a few of the many reasons Millennials seem to be in a renter state of mind:
Minimal Commitment: Millennials simply love the flexibility and freedom of renting! They don’t like to be tied down to one spot, and without the responsibility of a home mortgage, apartment renters are able to move around as they please (after their lease is up that is).
It’s Affordable: With little or no credit history, many millennials are unable to take on a mortgage, or unwilling to take on the responsibility in addition to their student loans and other monthly bills. Alternatively, apartment living offers an incredibly affordable option for millennials, especially if you’re splitting the bill with a roommate!
A Multitude of Modern Features: Many modern apartment buildings offer fresh, fun designs with a wide array of features millennials crave. Arcadia Run’s stunning new apartments, for example, include a number of fabulous modern features such as: oversized kitchens with granite countertops, 9 foot ceilings, full-sized in-unit washers and dryers, extended windows, walk-in closets and more!
No Unexpected Expenses: With everything included in your monthly rent check, there are no unexpected costs associated with apartment living. Unlike home ownership, which can easily accrue additional costs for any number of issues throughout the year: heating and cooling costs to plumbing repair expenses and beyond.
No Maintenance Required: Yet another substantial perk of apartment living is that no maintenance is required! That means no lawn maintenance in the spring, no leaf raking in the fall, and no pathway or driveway shoveling in the winter! Millennials are a generation that seems to be always on the go, so being able to sit back and relax for a few moments instead of having to mow the lawn on a beautiful afternoon is yet another major perk of apartment living!
These are just a few of the many reasons why the Millennial generation loves the apartment lifestyle! If you’re looking for a stunning new apartment in Manassas, VA, be sure to check out the beautiful 1 Bedroom and 2 Bedroom floor plans of our modern apartments at Arcadia Run today!
Sources: rescour.com, rent.com, nmhc.org, nielsen.com, appfolio.com, realtrends.com, money.usnews.com