Potential renters seeking an unfurnished apartment should carefully weigh their expenses and needs before making a purchase. Unfurnished properties can provide a blank slate for an owner to fill with their own stylish furniture. While on the market, be sure to understand the following terms to make an educated decision.
Unfurnished - An unfurnished apartment typically has no furniture in it. It will typically have a refrigerator and a stove, but anything else must be supplied by the renter.
Studio - A studio apartment is a property with no bedroom. The bedroom and living space are typically in the same area, while the kitchen is separate. Accommodations are not necessarily meager, but they typically only have one bath.
Loft - A loft apartment is usually a converted space. Often it is an attic or warehouse space put up for rent.
Luxury - Often these will be furnished, but unfurnished luxury apartments can provide a buyer with plenty of space to create their own style.
Condo - A type of rental property with an opportunity for ownership. Condos are often slightly nicer than apartments. They are multi-unit spaces, as opposed to houses which are one unit.
Property management - The company that owns the real estate is the management company. College units are often owned by large outside companies.
Garden - A garden apartment has a larger lawn than most multi-unit spaces. The lawn areas are typically common areas amongst the renters.
Multi-unit - A term given to an accommodation with more than one renter in it. Usually, multi-unit properties have shared common spaces.
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Sometimes it's more convenient to own or rent a small apartment than to have a house because you don't need a lot of room, need non-permanent accommodations, you can't afford a larger mortgage payment, or some other reason. While some folks need the tenement to be furnished, many property renters come into a lease agreement with their own furniture.
Apartments originated in ancient Rome, where the lower and middle classes lived in buildings up to ten stories high. Eventually the idea caught on in Egypt, with buildings stretching 14 stories high to accommodate more people. While tenements existed among the Native Americans in New Mexico, it wasn't until the 19th century that the first tenement property was built in New York City. As time has progressed, tenements have become more structurally sound, come in several different designs, and vary in amount of luxury.
The only difference between a tenement and a condominium is that condos are owned individually instead of being rented space. Structurally, they are both the same. Studio spaces are often the cheapest to lease since they are usually just one big living area with a separate bath room. A loft is a space that's been converted from commercial to a residential apartment. You'll find many college students in larger cities living in studio or loft spaces. Sometimes you'll come across older houses that have been converted to a smaller group of apartments. You may find these furnished or unfurnished, though rent is often higher on the former.
Most tenements consist of one or more bedrooms, a bath, and a kitchen area with either hardwood floors or carpeting. Some real estate management groups allow for pets and some have assigned parking spaces. This does not apply to all tenement areas.