A renovated unit is an apartment or housing unit that has been recently updated to include more modern features and appliances. Depending on the specific renovations, renovated units might offer kitchens with stainless steel appliances, bathrooms with luxurious tubs and updated flooring.
Renovated units typically feel much more modern and luxurious than older apartments, which might have outdated appliances and fixtures or just look older. Living in a renovated unit has many positives, which usually can include more open spaces, hardwood or laminate flooring or new carpeting, and modern appliances that are less prone to breakdown.
The main downside of living in a newly renovated unit is that the rental price will typically be much higher than it would for an older, not renovated unit. Rental price increases will account for the cost of the renovations and perhaps require greater water or energy bills.
Depending on your needs in a home, living in a renovated unit may be worth the extra cost. For example, do you spend a lot of time in the kitchen and hate your unreliable and not user-friendly appliances? Does the look of that old shag rug in your bedroom make you wish for a change? Then a renovated unit might just fit the bill for you!