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Trulia Chica…, Other/Just Looking in Chicago, IL

How is renting a home different than renting an apartment?

Asked by Trulia Chicago, Chicago, IL Fri Oct 26, 2012

What kinds of questions should I be asking?

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Answers

9
John Gall ABR SFR’s answer
BEST ANSWER
If you plan on renting a detached home as opposed to a condo/apartment, your concerns or questions may involve...

1) who is paying for water?
2) who handles landscaping? mowing lawn? watering?
3) who handles snow removal?
In regards to #2 & #3, if tenant is responsible, are the tools/machines provided to facilitate the chores?
4) you may be more concerned about Radon in a house, so request a Radon disclosure.

Hope that helps.
2 votes Thank Flag Link Fri Oct 26, 2012
The upkeep is the main concern, but in the end you're getting alot more space and privacy!
1 vote Thank Flag Link Mon Oct 29, 2012
A lot has already been mentioned below. However, what is missing is insurance. A homeowner may require you to fully insure a single family home (around $100/month) which costs more than standard renter's insurance on a condo (around $25/month)
1 vote Thank Flag Link Sat Oct 27, 2012
The Top 3 Benefits of either are :

Renting a House:

More space,
Parking
Privacy

Renting an Apartment:

Low maintenance.
Professional management.
Location
0 votes Thank Flag Link Sat Oct 27, 2012
Usually when you rent a home you are responsible for more maintenance items such as snow removal, lawn care, etc. You also may have to pay for the water bill.

Renting an apartment there is little maintenance other than keeping the apartment you are renting in good shape and maintaining that.





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0 votes Thank Flag Link Sat Oct 27, 2012
It is essentially the same, although instead of having to follow the established rules and regs of a condo building, you will probably have to agree a custom set of reasonable rules and regs from the owner. I imagine you will be responsible for (or will at least want to help with) a certain amount of upkeep and maintenance that you wouldn't have to deal with in multi-unit complex. You will still use the same lease form whether you are renting a condo or a single family house or townhome.
0 votes Thank Flag Link Fri Oct 26, 2012
The utilities included and not included can be very different......water/outside maintnance/lawn/insurance requirements if any. Get the energey average from the past year so you know what to expect for your heat bill.
0 votes Thank Flag Link Fri Oct 26, 2012
What kind of things are included in rent. How much are move in move out fees. What are the rules for pets, etc.
0 votes Thank Flag Link Fri Oct 26, 2012
In my area, the big differences would be maintenance and privacy. With an apartment, upkeep is taken care of by the complex. Renting a home, the owner might require you to pay up to a certain amount for maintenance, lawn care, pool care, etc. Big plus is lots of privacy in a home vs. an apartment.
0 votes Thank Flag Link Fri Oct 26, 2012
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