I've been living in this apartment complex for a few years now and generally like it - value is decent and I cannot complain about anything. This year, the apartment complex has a new owner (a property management/holding type of company). Their plans, from what I gather are to modernize the apartments, add extra amenities and generally make the place look a bit more higher end. It seems like they are trying to keep up with the competition.
Of course, spending all this money means that rents will rise. Mine will increase quite a bit, especially when compared to when I first moved in. Despite this, staying here is my first choice because of the location. It's convenient because it's just about in the middle of everything. I know if I shop around I can probably save a little money but once you factor in the deposit, moving expenses and time, it probably becomes close. But when I realize how much more I'm paying now than when I first moved in (late 2011), I wonder if the value is still there.
So basically, I'm leaning towards spending the extra money to stay in a generally convenient location. Ah, the trade-offs of life. I live alone so paying this much for a 1 bedroom seems high. Yes, I am whining.
So, any of you guys dealing with these rent increase and/or apartment living issues? I was hearing for a while that rents were on the rise. I wonder if you guys have experienced this.
Around here, so many apartments have been built in the last few years. Most of them seem to be on the fancier side. Yet despite that, even more are being built. So the supply should, from what I see, not be a big issue.
But then again, a lot of apartments seem to be renovating in order to compete so those expenses have to be covered. I could be wrong though.
Of course, spending all this money means that rents will rise. Mine will increase quite a bit, especially when compared to when I first moved in. Despite this, staying here is my first choice because of the location. It's convenient because it's just about in the middle of everything. I know if I shop around I can probably save a little money but once you factor in the deposit, moving expenses and time, it probably becomes close. But when I realize how much more I'm paying now than when I first moved in (late 2011), I wonder if the value is still there.
So basically, I'm leaning towards spending the extra money to stay in a generally convenient location. Ah, the trade-offs of life. I live alone so paying this much for a 1 bedroom seems high. Yes, I am whining.
So, any of you guys dealing with these rent increase and/or apartment living issues? I was hearing for a while that rents were on the rise. I wonder if you guys have experienced this.
Around here, so many apartments have been built in the last few years. Most of them seem to be on the fancier side. Yet despite that, even more are being built. So the supply should, from what I see, not be a big issue.
But then again, a lot of apartments seem to be renovating in order to compete so those expenses have to be covered. I could be wrong though.