Right-of-occupancy apartment vs. rental apartment

Understanding Housing Options: A Closer Look at Occupancy Rights

When it comes to finding a place to call home, understanding your housing options is crucial. Right-of-occypancy living offers an alternative to traditional homeownership and renting. With us, obtaining the right to occupy an apartment begins with securing a queue number from the Housing Finance and Development Centre of Finland (ARA). Once you have this number, you can search through our housing options and apply for the ones that suit your needs. To qualify for a right-of-occypancy apartment, you must be of legal age and not own a home or have the means to acquire one. Those over 55 years old are exempt from the wealth limits. Importantly, your income does not affect your eligibility for a right-of-occypancy apartment. If there are multiple interested parties for the same apartment, the allocation is determined by the queue number; the applicant with the lower number will be offered the apartment if all other conditions are met.

Rental Apartments: Flexibility and Simplicity

Renting an apartment is often seen as the most straightforward housing option. It typically involves less paperwork than acquiring an occupancy right and doesn’t require a queue number. Renting provides flexibility, as lease terms can vary from short to long-term, making it an ideal choice for those who prefer not to commit to a single location for an extended period. With us, you can find a variety of rental apartments that cater to different needs and preferences. Our rental properties are well-maintained, safe, and environmentally friendly, aligning with our commitment to quality and customer-focused service. Whether you’re looking for a temporary residence or a long-term home, we offer rental solutions that combine cost-effectiveness with high living standards.

Comparing Costs and Commitments

One of the key considerations when choosing between a right-of-occypancy apartmentand a rental is the financial commitment. A right-of-occypancy apartments require an initial payment, which is refundable, and a monthly maintenance fee. This option can be more cost-effective in the long run, as the initial payment is not rent but a fee for the  right-of-occypancy apartment. Rentals, on the other hand, involve a monthly rent and possibly a security deposit. While there is no initial payment similar to the right-of-occypancy apartment fee, renters may face annual rent increases. We strive to keep our rental prices competitive and transparent, ensuring that you receive the best value for your money.

Long-Term Stability vs. Short-Term Convenience

Choosing between a right-of-occypancy apartment and a rental often comes down to your long-term plans. Right-of-occypancy apartments provide a sense of stability and community, as they are typically intended for longer stays. This option allows you to settle into a neighborhood without the financial burden of purchasing a property. Rentals offer more convenience for those who anticipate changes in their living situation or prefer not to deal with the process of obtaining right-of-occypancy apartment. We provide a range of rental options that cater to diverse lifestyles, ensuring that you can find the perfect home regardless of how long you plan to stay.

Deciding What’s Best for You

Ultimately, the decision between right-of-occypancy apartment and a rental depends on your personal circumstances, financial situation, and future plans. We are here to guide you through the process, offering expert advice and support to help you make the best choice for your living needs. At Avain Asunnot, we are dedicated to creating and maintaining functional, safe, and eco-friendly living environments. Whether you opt for a right-of-occypancy apartment or a rental, you can trust that you’re not just finding a place to live—you’re finding a place to thrive.