Are you looking for an affordable rental option that offers a unique living experience? Homeowners across the country are now converting their garages into income-generating apartments. It’s a win-win situation, as homeowners can offset their mortgage costs while renters enjoy the comfort of a garage apartment at an affordable price.
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What exactly is a garage apartment?
A garage apartment is exactly what it sounds like – a living space that has been converted from a garage. These apartments can be found either in standalone garages on residential properties or in the garage space connected to the main house.
Size doesn’t matter
Garage apartments come in different sizes, depending on the size of the garage. Some are compact one-car apartments, measuring around 300 square feet. On the other hand, you can also find larger apartments in garages that used to accommodate nine or ten cars, with a generous living space of over 2,000 square feet.
Pros and cons of living in a garage apartment
Like any living situation, there are both pros and cons to consider before making a decision. Here are a few points to keep in mind:
Pro: A more affordable option
Rental rates in many cities have skyrocketed in recent years. However, garage apartments offer a more reasonable alternative. Typically, these apartments were not created with profitability in mind but rather as a means for homeowners to cover their mortgage costs. As a result, rental rates for garage apartments tend to remain within a reasonable range.
Pro: Privacy is a priority
Unlike traditional apartment complexes, garage apartments usually don’t have multiple units side-by-side. Since they are typically attached to or near a single-family home, your only neighbors will be your landlord. This provides a level of privacy that is hard to come by in other rental options.
Pro: Prime locations for less
Many apartment buildings are located in busy and noisy parts of town. If you’ve always dreamt of living in a quiet or specific neighborhood but couldn’t afford to rent an entire home, a garage apartment is the perfect solution. You can find one in your preferred location without breaking the bank.
Pro: No unnecessary fees
While apartment buildings often come with additional fees for maintenance, amenities, and parking, garage apartments tend to keep it simple. You won’t be paying extra for amenities you may not even utilize, making it a more cost-effective choice.
Con: Consider your entrance situation
Each garage apartment conversion is unique, meaning the entrance situation can vary. Some may have a separate entrance for you and your guests, while others may require you to enter through someone else’s home. Make sure to clarify this aspect to avoid any surprises.
Con: Renters insurance considerations
When it comes to renters insurance, some companies may have limitations on insuring garage apartments. Additional documentation might be required, adding an extra layer of complexity. It’s essential to explore your options and weigh the benefits before making a decision.
Con: Limited amenities and features
Garage apartments may not offer the same level of amenities and modern features as traditional apartment buildings. While some landlords do provide updated spaces with all the essentials, many choose to avoid the extra expenses that come with adding amenities like dishwashers or washer and dryer hookups.
Con: Hard to come by
Garage apartments, though affordable, can be challenging to find. Since most people use their garages for their intended purpose, garage conversions are relatively rare. When one becomes available, it tends to get snatched up quickly. So, if you find an open garage apartment that meets your needs, act fast!
Where to find garage apartments for rent
Looking for garage apartments can be tricky, as it’s not always obvious which garages have been converted into living spaces. Your best bet is to search online, as many platforms now feature listings for this unique type of rental. Additionally, don’t hesitate to ask around and see if anyone in your network knows of any garage apartments available for rent – you might be surprised by what you uncover!
Discover the convenience and affordability of garage apartments by checking out the offerings from Ambassadeur Hotel. With these unique living spaces, you can enjoy the benefits of privacy, prime locations, and a more cost-effective rental option. Act quickly, as these properties tend to be in high demand!
