Have you landed a job and are looking into moving out and getting your own place? If you are starting out, renting an apartment is a big step towards independence.
You may feel excited to get your own place, but it’s best not to get ahead of yourself. You want a place that fits your needs and budget. This is why one of the best starter apartments for first-timers is a studio unit like the Catalina Apartments Studio City CA.
Read on to learn these five big benefits of renting a studio space of your own.
- More Cost-Efficient and Saves You Money
The cost of living within the city is sky-high. Most places charge based on square meters of the area you are renting, so getting a smaller space is a good idea.
Bigger places cost a lot more in rent, which means they require a substantial deposit. Most rental units will ask you to give out a month in advance and a security deposit.
On top of that, the price you pay for rent increases every year. Save yourself money in rent by renting a smaller space. Here are reasons why renting a studio apartment saves you money.
You Don’t Need to Buy a Lot of Furniture
One of the ways you can save money because of a studio apartment is by saving on furniture. If you rent a huge four-bedroom house, you’ll have to furnish it. One of the benefits of renting a studio apartment is that some already come with furnishing.
Some studio apartments come bare, semi-furnished, or furnished. If you are the type to want customized furniture, then get a bare unit. If you move around a lot, save yourself from the hassle of moving furniture and get a furnished unit.
A smaller space means a smaller amount of furniture can fit. This means you should be mindful and buy only essential furniture. A much smaller space helps you save money from buying unnecessary furniture.
You Are Less Likely to Hoard
As mentioned above, a smaller space can fit a smaller amount of things. Knowing you have a smaller space to work with forces you to buy only essentials.
This means you are less likely to hoard furniture and personal items. Online shopping makes hoarding clutter easier than ever, so it helps to be a mindful buyer.
When people have more space, they would want to fill it. Being more intentional with your space and the things in it helps lessens the chances of clutter. There is no point accumulating things that only collect dust hidden inside a closet.
Utilities Cost Less
A smaller space means less cost when it comes to your utilities. This is helpful if you prefer having central air conditioning. A smaller space means a smaller space that needs heating and cooling, which leads to a smaller bill.
- Easier to Maintain
We all know that housekeeping takes a lot of time and effort. A bigger house would need more time and effort to clean and may even take up your whole weekend. Living in a small space will make cleaning easier as the amount of space you need to clean is less.
- Happier Environment and Family
A smaller space takes up fewer natural resources to build. Owning fewer things and using less electricity is better for the environment. Having and using less makes your carbon footprint a lot smaller.
A smaller space means more quality time with your loved ones. Having limited options to hang out in is a sure way to spend more time with your loved ones. Activities such as watching movies and eating together are easier in smaller spaces.
Doing things together creates a stronger bond and helps you save on bills. Smaller spaces encourage you to do daily activities with other people. Being together in one room is a great way to reduce your carbon footprint.
Don’t let the small size of a studio unit fool you, as some can even house a whole family. There are also multi family studio apartments perfect for families on a tight budget. With the right interior design and space-saving techniques, studio renting will feel like a breeze.
- Costs Less Money to Buy and Easier to Resell
A smaller space will cost less as properties become sold per square meter. Renting a smaller space means paying less in rent and security deposit. If you would like to buy instead of renting, then it is also a better investment.
Having a studio renting business is a great form of passive income as your market is larger. Most young adults who moved out from home rent studio units, and retired people also rent out studios. This is because studio units are cheaper and need less maintenance.
- Gives You More Financial Freedom
Paying less in rent means you can use that money for other uses. You can use these funds for bills, savings, and even travel. Having a smaller space means paying less rent and bills, giving you more financial freedom!
Being confined in a smaller space will make you more likely to want to go out. If you live in a small space, you are more likely to go out for a stretch. Get the most of your tax money by visiting public places such as nearby parks.
Start Renting a Studio Space of Your Own Today
Now that you know these five big benefits of renting a studio space start renting today! Are you interested in renting a studio space for yourself or your family? Look into some studio units near you today.
Want to know more about apartment renting and the benefits of renting a studio? Check out our other blog posts for all you need to know about studio renting and how to rent a studio. Start renting a studio space of your own today and be independent!
