When you are looking for a rental apartment it is important to weigh all of your options. Many people may cross renting a basement apartment off of their list before they even get started on their search. Here are some pros and cost of renting a basement apartment to help you decide.

Pros of a Basement Apartment

  • – It is not uncommon for even the nicest basement apartment to be substantially lower in rent than an apartment on an upper level or high rise apartment building.
  • – You can often find basement apartments that are newly renovated by couples who are trying to help balance the cost of their mortgage. This can mean high end finishes, new modern kitchens and luxurious bathrooms.
  • – Size can sometimes be quite impressive in larger homes.
  • – Living in a basement apartment gives you a neighbourhood feel that can be quite nice. Tree lined streets and family homes can provide a nicer area to live in than many high rises.
  • – Backyard access is also sometimes an added bonus with some basement apartments that include a walk out to a patio or a full backyard.
  • – Laundry rooms are often included with a basement apartment which means no trips to the Laundromat.

Cons of a Basement Apartment

  • – Most basement apartments tend to be short on natural light.
  • – Basement apartments tend to be quite noisy from people walking above as well as sound carrying through duct work and floors. Furnaces, water heaters and laundry rooms also tend to be in the basement which can also get noisy.
  • – Some basement apartments are not to code and can be dangerous in the case of fire as they only have one exit.
  • – Parking can be a challenge in basement apartments where you may either share a narrow drive with other tenants or have to park on the street.
  • – You are living in tight quarters with your landlord which can sometimes be awkward.
  • – You sometimes share space such as a laundry room or utility room located in close proximity to your basement apartment.
  • – A basement apartment can also feel less private considering the sharing of facilities, driveways and property such as front yards and backyards. Sometimes you will even share an entryway or stairway with other tenants.

There are many factors to consider when looking at renting a basement apartment. You’ll know which one is right for you when you find it.