When looking for a place to rent, many people focus on the location and the cost of rent but often fail to consider the age of a property. However, the property’s age and condition considerably impact a tenant’s enjoyment of the property. While older homes may seem charming, they often come with a host of maintenance and repair issues that can cause headaches and disruptions to your daily life. Furthermore, you might end up spending more on utilities! That’s why it’s better to rent new or recently remodeled homes instead of older properties.
Lower Maintenance Interruptions
One of the most significant benefits of renting a new or recently remodeled home is the lower maintenance and repair requirements. However, while property repairs are at the landlord’s cost, they are still irritating for tenants as they have to provide access to repair providers and property management.
New homes are built with the latest materials and technologies, which means they are less likely to suffer from issues like leaks, faulty appliances, and other problems that interrupt the renter’s daily lives. Similarly, homes that have recently been remodeled to a high standard will have had any issues fixed and updated, meaning that you won’t have to deal with any major repairs or renovations during your tenancy.
In addition to these practical benefits, new or recently renovated homes often feature the updates most tenants want. Suppose you’re a renter who enjoys an open-concept living space, walk-in closets, or modern finishes. In that case, you want to rent either new or fully renovated properties which are better suited to modern lifestyles. This means that you’ll live in a more stylish and modern home that is more likely to appeal to your aesthetic tastes. In addition, the flooring, countertops, and other finishes in a new or remodeled home will be in excellent condition, meaning that you won’t have to worry about any unsightly wear and tear.
Lower Utility Costs
Utility costs often go overlooked by tenants while they browse the market for a new rental, however, the cost difference between an old and new property can be surprising. The U.S. Census Bureau’s American Housing Survey states that utility costs in old homes are an average of 17% more on electricity and 38% more on gas per year. Newer homes will have higher-quality insulation and dual pane windows, which will help keep your heating and cooling bills down and ensure you’re comfortable throughout the year, especially in Minnesota’s extreme climates. Furthermore, modern homes will also have LED lighting, which is more energy-efficient and longer-lasting than traditional bulbs. These features may seem small, but they can add up to significant savings throughout your tenancy.
From lower maintenance and repair requirements to updated features and modern finishes, renting a new home can provide you with a comfortable, stylish, and hassle-free living experience. So next time you’re searching for a rental property, consider prioritizing new or renovated properties to get the most out of your living space
