Renting an apartment, more so in the Bronx, has its own advantages. If renting an apartment was not easy it could be that the houses were not available in the first place. Some high income earners decide not to buy a house, because there are certain benefits that come with renting apartments.
Access to good amenities
Picture, if you were to buy a home with a swimming pool, fitness center and a sauna. Automatically, you will see that you cannot afford the price of buying such a house. However, the situation is much different when it comes to renting. You will get to access a swimming pool, and all of the other amenities without robbing a bank or using your entire saving. Your stay in an apartment will let you enjoy these facilities without going the extra mile to have them. Some of the Bronx apt for rent will enable you to enjoy these facilities.
No interests charged
Of course, people who decide to buy a house will have to pay interest on top of the original price. This is not the same with renting a house, because all you need to pay is the monthly rent. It also makes living in a rented house cheaper than purchasing. Furthermore, it takes a long time to pay off the mortgage before the house is actually yours. Taxes are much higher when buying a house so you might as well settle for renting.
Flexibility is defined, in this case, as moving from one place to another without getting tied down. If you rent a house you can always decide to move to a different location, so long as you give your landlord sufficient notice. In other words, you are not obligated to stay and take care of the house. Short term renters get the most advantage of staying in such a house.
No maintenance costs
Landlords are the ones responsible of maintiaining the condition of the apartment you are staying in. If you are a home owner, you will be responsible for the maintenance expenses. Even with everyday wear and tear, it takes money to maintain the condidtion of the apartment. Sometimes, you might not have enough money in the bank to take care repairs, but if you are in an apartment, this is not your responsibility.
You get furnishings
There is nothing better than finding your apartment ready to use with all the appliances in place. Now it is clear why many people are opting to stay in rental apartments. Time and money that could be spent buying the furnishings for a new house are eliminated. You get to engage in other activities as everything is already taken care of.