Sharing a Rental with a Roommate Sharing your apartment with a roommate can be one of two things – dream come true or a living nightmare. There are quite a lot of advantages of having a roommate but of course there are also disadvantages. And these disadvantages are so vague that you might end up having a very uncomfortable living atmosphere. Do not fret though, because there are just some ways to protect yourself when you are sharing your apartment with a roommate. And all this starts by choosing your potential roommate well and including him or her on your rental agreement.

The Pros and Cons The primary pro of having a roommate would be financial. Of course, when you have a roommate sharing your apartment, your monthly rent would be automatically cut in half. And this is especially advantageous for people who want to live in a huge apartment but cannot afford to pay for it alone.

Why They Are Good Buys Indianapolis apartments are perfect for those who would like to own a house without spending thousands of dollars in loan and mortgage payments. During these tough times, it is important to consider the affordability of a property before buying it in order to ensure that you are well-secured and that your credit remains intact.

When you look at foreclosure listings, you will see how underpriced Indianapolis apartments are. You can even buy one at a bargain price that it becomes tempting to resell it and make a profit. However, you should know that when buying HUD homes, priority is given to those who will use them for residential purposes. Only after remaining unsold for a specified period will other investors be invited to make their offer.

The distribution of responsibilities is another big disadvantage of renting an apartment with a roommate. Both of you would have to discuss the household responsibilities and there may be times that it won’t be even. At times, you would agree that one will carry a certain task, but there may be instances that he won’t be able to do it. This may create big-time conflict and will definitely make the living atmosphere uncomfortable for both.

Buying an apartment is actually wiser than renting one. If you look at the expenses that come with renting a place, you will notice that it is better to buy and take out a mortgage loan in the long run rather than rent and waste your money in rental payments for a property you will not own. There are loan programs available to help you choose among HUD homes and Indianapolis apartments the best living space for you and your family.

Finally, HUD homes are so varied that you can actually choose an apartment that has all the features that you want in a home. There are many Indianapolis apartments that are spacious and have good features and amenities that you would certainly enjoy.

But, of course, if you want to make sure that you will be able to afford your purchase, then there is no reason for you not to consult a housing counselor. He will be able to help you formulate a good and wise decision before you settle for anything less than what your money is worth.

Paul Amos His latest website is about This Mortgage Refinance articles will help give you an idea if it is worth Refinancing your mortgage