Landed properties typically have higher utility costs due to size, multiple levels, and outdoor areas. Understand how water, electricity, and gas are metered, whether outdoor lighting or water features affect costs, and if there are separate meters for different areas. Budget accordingly for potentially significant utility expenses.
While you're renting, understanding condo market trends can help predict rent stability and landlord behavior. Properties in high-demand areas with good resale prospects typically have more stable rents and better maintenance. However, rapidly appreciating properties may face higher rent increases at renewal. Consider the development's age, location, and market reputation when evaluating long-term rental viability.
Look for layouts where bedrooms don't directly face each other for better privacy. Check if both bedrooms have windows for natural light and ventilation. Consider whether the kitchen is open or closed to the living area - open kitchens feel spacious but cooking smells spread. Ensure there's adequate storage throughout the unit, not just in bedrooms.
Establish clear common area rules and assign personal storage spaces in each bedroom. Use the third bedroom strategically - as a study, guest room, or helper's quarters. Create a household schedule for shared spaces like bathrooms and kitchen. Consider installing additional hooks and organizers in common areas to prevent clutter.
Living alone means being prepared for emergencies like power outages, water leaks, or medical issues. Keep emergency contacts readily available, know your building's security and maintenance procedures, maintain a basic first aid kit, and establish check-in routines with family or friends. Know your neighbors and building management for urgent situations when you can't reach your landlord.
Sharing with 3+ roommates requires clear agreements about shared spaces, cleaning schedules, utility splits, and house rules. Consider personality compatibility, lifestyle habits, and how to handle conflicts. Establish guidelines for common areas, guest policies, and what happens if someone moves out mid-lease.
Common rooms near front doors or main corridors may have security considerations. Ensure your room has a good lock and consider a door chain. Keep valuables secured and curtains closed for privacy. Check if the main door has proper security features. Some tenants install small safes or use lockable storage boxes for important documents and valuables.
2-bedroom units typically cost 60-80% more than 1-bedroom units, but when shared between two people, can be more economical per person than individual studios. Factor in additional costs like higher utility bills with more space to cool and light. Consider whether the extra space and privacy justify the higher cost for your lifestyle and budget.
