It can be an exciting time looking for a new home. This doesn’t mean that you have to be buying a home either; it could mean renting. Renting an apartment means you have the flexibility to choose your unit, location, and how long you want to stay there. As a renter and one in good standing, typically, you’ll have the upper hand in negotiations.  One thing you might be interested in is choosing a larger apartment. But should you choose a larger apartment versus something smaller, like a studio? Let’s take a look at some of the things you might need to consider when choosing a new rental.

Cost Considerations

Having a bigger apartment means that the cost is going to be greater. This is especially true if you select a more popular neighborhood or Penthouses in San Francisco. You may be able to get a bigger apartment simply by choosing a place that is slightly off the beaten path or out of your target neighborhood. But, this will mean that you have higher costs and other areas. For example, if you have to move further away to get a bigger apartment, but your transportation costs rise, are you saving any money by choosing the location?

What To Do With Extra Space

What do you plan to do with the extra space? If you're going to have a baby, opening a business, or working from home, these are great reasons to have an extra bedroom and space in an apartment. But if it's just you, you may want to consider something smaller to save money. How much space do you really need? Think about this before you make a firm decision about where to live. You may find that you can get by with less.

Does It Make Sense For The Location?

If it's just you and you want the target location, you may be able to get a bigger apartment than you realize based on the property rental rate. Do your research. There are many places online that cover how much apartments are, including apartments.com. You may find that certain rentals are higher because of amenities, and you could forego some of these amenities to get cheaper rent and a bigger apartment.

In Closing

Choosing an apartment is a huge deal! For most people, you'll sign a year lease, which means you will be there for at least one year. Make the most of that year and consider how big of an apartment will truly work for your needs.