Sunday, October 21, 2018

What Does the Phrase ‘Rehab’ Mean in an Apartment Listing?

There's a reason all those HGTV home-renovation shows are so popular. Folks love historic properties, but they don't want to give up modern convenience to get it. The same goes with apartments. Often highly desirable, the phrase “rehab apartment" means the unit has been recently renovated, either in full or in part.

What you can expect

When you read “rehab" in an apartment listing, it most likely means that while the property and structure are not new, the living space will feature modern upgrades, such as a renovated kitchen with new appliances, new flooring or lighting fixtures, a sleek bathroom or an alluring combination thereof.

Additionally, it could mean that the building itself – in particular if it's historic in nature – has been brought up to code, with new plumbing, electrical wiring and HVAC, and that older materials now deemed unsafe, such as lead paint or asbestos insulation, have been removed. Hence, the term “rehab" might even give you peace of mind where your family's health and safety are concerned.

The bottom line is that it can mean anything from a couple of aesthetic renovations, to more internal (but important!) features that greatly affect your standard of living to a complete overhaul, inside and out – which may mean “dream apartment," but likely comes with a price tag to match.

Is a rehab apartment right for you?

Some apartment-hunters want a rehab. Depending on where it is and its current condition, a rehab apartment could have lower or higher than average rent for the area.

For example, a completely rehabbed apartment in restored turn-of-the-century building could be your dream flat – historic digs with modern convenience. But it's likely to command a high price.

Conversely, the partial rehab in a complex with a desirable location (maybe the floors are new, but the kitchen and bath still need updating) could be a great, cheap find in a neighborhood where your friends are paying hundreds more!

Keep in mind as you begin your search, that the word “rehab" has a broad scope. It's important to do your research so you know if a rehab is what you're looking for, or perhaps it will open your mind to options you hadn't considered.

Find out what you're getting

Ask the landlord or property manager about the specifics of the rehab apartment in which you're interested. Check out the photos and, if possible, give the place a drive-by. There's no need to waste anyone's time when you're on the hunt for a new home.

Once you have the information and you're still interested, set up an appointment to tour the apartment. Bring a list of further questions and don't be afraid to poke around. If you're worried about the age of the apartment, check out the plumbing and electrical. If you're looking for higher-end finishes, pay attention to the countertops, appliances and fixtures.

The post What Does the Phrase ‘Rehab’ Mean in an Apartment Listing? appeared first on Apartment Living Tips - Apartment Tips from ApartmentGuide.com.



from Apartment Living Tips – Apartment Tips from ApartmentGuide.com https://www.apartmentguide.com/blog/what-is-rehab-apartment/

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