Apartment vs. House: Which is Right for You? Townhouse. “I thought you were anti-homeownership,” they said, because I think renting is underrated. Renting a new apartment is an exciting experience, you just need to make sure you’ve got your finances in order to avoid depleting your savings or going into debt. Buying vs. renting in Vancouver — moneywise, it doesn’t make much difference: analysis By Jesse Ferreras Global News Posted March 14, 2018 9:06 pm This means you own the dwelling but share the land with other people. Typically, townhouses offer the space and privacy of a house, giving your family space to move around, and often come with an outside courtyard. Going from renting an apartment to owning a home is a big step that can impact your finances and your lifestyle. But that doesn’t mean buying is a bad decision. And if you want an affordable home with outdoor space, a townhouse … Especially if you want to rent luxurious apartments, which some people do to impress their friends. Renting a townhouse could be a good solution if you have a family and need more space than an apartment allows for. It’s important to understand the pros and cons before making a decision, and you’ll also have to weigh your needs. Renting is a great opportunity to actually figure out what you want your home to be like because you’re getting accustomed with different solutions in rental homes. Many of these types of residences are physically indistinguishable from rental apartments, though some developers construct condos that look like multilevel townhouses. A townhouse is a multi-level building designed to mimic a traditional house that is owned on a strata title. You can decorate the basement and make it a living area for you or your roommate. After saving up for a long time, I recently bought a home, which caught some of my friends off guard. But in a long run renting is just wasting money. Townhouse communities can be built in rows of three to four houses, with many of the residents sharing one wall. Find apartments … Many consumers carefully evaluate the positives and negatives of buying homes versus renting apartments. A townhouse is guaranteed to have a laundry area with a washer and dryer hookup. With these hidden costs in mind you’re ready to be in control of your wallet every step of the way during your next move. Renting an apartment can be, but isn't always, less expensive than homeownership and its related costs. Even as a homeowner, I still think renting is underrated. It’s an even better arrangement if you rent a townhouse with a basement. You are limited in your options when renting a unit in an apartment building. 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