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Three Common Spaces for Rent


Three Common Spaces for Rent

With the daily hustle and fast-paced kind of lifestyle brought about by working in the metro, income-earners opt to live nearer their workplace to avoid the waste of time from the seemingly endless problems with traffic and long lines in MRT stations. Buying a house or a condominium unit within or near the metro is one of the options. However, a more popular choice is to rent a space.

A number of real estate corporations and entrepreneurs have seen the opportunity of putting up properties that would provide a temporary place of residence. Below is a list of three of the usual types, together with the corresponding pros and cons to consider when making a choice:

 

1. Condominium units

Condo units rented out are usually studio types. What are the considerations of renting one?

Pros: Staying in a condo unit can make you feel as if you are living at home. You have more freedom and personal space. In addition, there are condominiums that come with various benefits such as the free use of the gym or swimming pool, if any.

Cons: Studio units are mostly empty. Hence, you have to bring your own furniture and appliances to make it a livable place. It is also pricey to rent a condo unit especially if you have no roommates to share your bills with. Aside from paying rent itself, payment for utilities and association dues is required (sometimes, the owner shoulders the latter. But this is a rare offer).

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2. Apartments

Pros: As compared to condo units, apartments are usually more spacious. Similar to the former, living in an apartment can make you feel at home. More often than not, furniture and appliances are already provided for. And in terms of price, it may be as costly as condo units but considering the bigger space, it can appear to be cheaper (and there are no association dues as well).

Cons: Most of the times, apartments are located farther to offices. Unlike condo units which can be walking distance from your workplace, it might be necessary to commute like riding a jeep or bus before reaching the office. Also, since these are mostly in residential rather than commercial areas, the type of neighborhood must be considered. You might be renting a cheap and spacious place but at the expense of your personal safety.

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3. Dormitories

Pros: In terms of price, dormitories are relatively cheaper as compared to the previous two. Also, basic furniture are available but very limited due to limited space. Rentals are usually at a fixed price and on a per head basis. If the rent excludes utilities, payment of such is not as high as compared to that of a condo unit or an apartment.

Cons: There are a number of “house rules” when living in a dormitory. The freedom of personal space and of bringing in various appliances is not readily available for dormers. So if you have a lot of belongings with you, you might find it difficult living in a dorm (and your roommates might not like the idea of having so much things in your dorm).

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In the end, choosing a place to stay would depend on what you prioritize. If you want more personal space, a relatively safe environment and is willing to pay a premium for such benefits, then a condominium unit might suit you. However, if you are not that willing to shoulder additional fees like association dues but would still want a spacious place and the freedom to bring in and/or use any sort of appliance, then an apartment might be your best option. But if a large place and the use of any kind of appliance is not your top priority, and if you are simply after a bed space, then dormitories might be a good option.