If you ask the average American what the American dream is, often you will hear homeownership as one attribute. However, many Americans choose to rent well before they opt to buy property. There are many logical and sound reasons for this.
Young professionals understand that we live in a global economy. This means business can send them across town, across the nation, or across the world. Careers are an evolving concept in modern professional’s life. Most professionals select a field but leave their options wide open for where they will progress. This makes homeownership a stumbling block rather than an asset. The professional that is easily mobile is a value to their company.
What renters look for in an area
When selecting a neighborhood in which to rent, renters look for factors that will make them comfortable and will fill their immediate needs. Unlike the property owner, they do not have an interest in future property values. They are interested in the neighborhood as it is today. Whether the neighborhood will increase in value in the future has little impact on them. Below are a few things renters look for.
- The renter is primarily interested in the area as it pertains to their lives and activities. If they work downtown, they may seek a home that is near the area or easily commuted to the area. They may be interested in modes of transportation around the city. They will consider the ease of getting to and from the airport if they travel a lot.
- Social activities are of importance to our lives. The renter looks for a location near the kinds of activities they enjoy. They may look for a hot nightlife, proximity to museums, concerts, festivals, and sporting events.
- A low crime rate is important to everyone. The renter is no exception. Selecting a home where they feel safe and protected is always high on the list.
- Renters (and buyers) usually lean toward areas where the people are much like them. They will rent where the other renters are close to their age. They will look for a particular social status and neighbors with like interests.
- It may surprise you to learn that price is not as big a factor to the renter as it is to the buyer. One reason is that renting is a short term arrangement. They are not locking themselves into a 30 year contract. They may be willing to pay a little more to have the living space and amenities they desire.
Great neighborhoods in the Dallas area
Dallas is a haven for the renter. Dallas apartment locators have no shortage of clients who are ready to take advantage of the network of modern, comfortable, and affordable apartments in various neighborhoods. Here are a few of the most requested areas in Dallas.
Uptown is a haven for the young adult and young family renter. The area is close to the downtown area so getting to work is easy. This is a walkable, relaxing, and fun place to live. This is where you go if you like to be outdoors on your downtime.
Located in the Irving area, this is the place to go if you want the convenience of getting to the downtown area for work combined with low rent. The area is perfect for art lovers and those who love flowers (see Las Colinas Flower Clock.) You will find this neighborhood diversified and very trendy.
Do you want a quiet tree-lined residential neighborhood that is close to the rocking nightlife of the city? This is it. M Streets are close to Greenville Avenue where you will find bars, clubs, concerts, and restaurants. This is a great choice for the young professional.
Many other areas in Dallas are perfect for the renter. Once you decide what you are looking for in an apartment, you can find the apartment that fits that pattern. There are plenty to choose from. A Dallas apartment locator service is all you need to find the rental property of your dreams.