Rent A Room Analysis

Some people might think that renting and owning are pretty similar, but they do have a lot of differences that people tend not to think about. In fact most people don’t do a lot of research on the differences and similarities. Renting a place to live is a wiser choice and is cheaper in the long run, but having a place that you own has a lot of advantages to. Some differences that people don’t think about are maintenance, utilities, and restrictions.

One thing students lose when they decide to dorm is privacy. They have to share a bedroom, bathroom, and living space with other students. Some students have no experience sharing a room with another human being, and the transition can be frustrating at times. Studying is difficult

While the cost of living varies from state to state, but according to MyApartmentMap, the average cost of a one bedroom apartment in the United States is $975 per month. Without taxes taken

First of all, I decided to watch the movie Rent, which was based on Jonathan Larson’s Pulizer and his Tony award-winning musical, which has also appeared on Broadway many times. The film and musical are about a group of artists, eight friends, who are living in New York City during the HIV/AIDS epidemic. They each are dealing with different problems in their lives, such as HIV/AIDS, drug addiction, rejection, and poverty. This movie had a very tremendous impact on me, and I was very impressed with how they tied each theme into it. I was moved in a way that it has even effected the way I look at others, and overall at life.

Apartments are a better choice than houses because they don’t require as much work and commitment. It truly does depend on your preference. If you have a larger family, an apartment may not be the best choice. People sometimes spend months making the choice for their living situation because you don’t want to be unhappy since you may live there for over two years. The process can be dreading and tiring but in the end it will be worth it.

The process for room selection is not overly complicated. Students are randomly assigned a number (this varies from year to year, in 2016 students without a requirement were given numbers 1-3999 and those with were given from 4000 up.) Then there are selection rounds based on how many roommates you intend to have. When it is your desired round, students put down their intended roommate(s). If you and the intended roommate(s) match up, your numbers are averaged and you are given a time to select your room.

As you see there are definitely pros and cons when deciding if renting or buying is right for you. When you rent, you don’t have the responsibility of maintaining the home, you aren’t worried about improving the interior or exterior of the dwelling, you don’t have to pay taxes on the home, and you aren’t faced with the possibility of losing the capital put into the housing market, or the possibility of foreclosure if a mortgage payment is missed (Should you rent or own). But on the flip side, when owning a home the equity in the home can be converted into money if refinanced or sold. Over the years, if kept well, real estate property increases in value and therefore this asset will up in value the longer the property is held (Should you rent or own).

As I go to sleep, I dream of a place where everyone is treated equally and not judged by their race or culture. As I wake up the next morning I tell myself, “Life being treated equally… What is that?”  For years racism has been around, When will it ever stop? We the people are tired of seeing innocent black lives on the news being shot up by police officers for looking “suspicious”. If the law does not seem to notice how big of a problem racism is becoming, One suggestion that I would give them is that they should take their time to read “Room For Rent”,  By Richie Narvaez. After reading that story, it will give you a better view on how racism is a huge problem. While I was reading this story, it made me more interested to find out if this is really happening or is it just a myth. It makes me wonder if people actually face these ethnicity problems.

You might be better off paying a reasonable amount for rent and saving your money when buying seems more logical. Also, it depends on lifestyle preferences. Some people may not want to do all the work that comes along with owning a home. As of right now many people are leaning towards renting. This is because the market is going down. Some don’t want to commit to a mortgage if when they go to sell they can’t find any buyers.

Renting is typically less expensive overall than owning a home. First, it does not require a substantial down payment, though it often requires a security deposit equal to 1-3 month's rent. Also, renters are not responsible for property taxes and repairs on the home, as homeowners are. Monthly rent is often cheaper than monthly mortgage payment, depending on the home and the property being rented.

Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and

Another disadvantage would be that the roommate would be unreliable. They could be late on their half of the bill. Which is why I said, make sure you monitor their spending habits. Maybe they spent their money for something they didn’t need. It would be understandable if they used the money to fix their car, or for a doctor bill. If they spent their money on things like; a game that cost $40, restaurant food every night, or even a cell phone, when they already have a perfectly

Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this. The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.

4. Roommate conflict is almost the first one that comes as starting life on campus. College students are forced to live with people who may have different values, beliefs, schedules, and habits than they do. There’s nothing worse than having to sleep in the same room as someone you’d normally hate or never talk to.

Costs can vary according to the size, location and length of your stay. If you are not on a tight budget, staying at a hotel might be more enticing than spending a night at a vacation home. Unlike a vacation rental, a hotel offers more customer-oriented services such as room-keeping services and a 24 hour reception and concierge to attend to any needs you might have. Stay in a hotel and when you are back after a long day spent exploring the city, you can be sure to return to a tidied room and clean sheets.