The phrase identifies superior rental residences accessible in a selected Kentucky metropolis. These residences are distinguished by options resembling trendy facilities, favorable places, well-maintained services, and optimistic resident opinions. Examples embody complexes providing on-site health facilities, swimming swimming pools, pet-friendly insurance policies, and handy entry to native employers and leisure venues.
Figuring out high-quality rental choices is crucial for people and households relocating to or throughout the space. Such residences contribute to resident satisfaction, group growth, and the general attractiveness of town. Traditionally, the provision of fascinating housing has been a consider financial development and expertise retention.
The next sections will discover key components to think about when evaluating residential rental properties, spotlight some neighborhoods recognized for his or her interesting lodging, and supply assets for finding appropriate rental alternatives.
1. Location Proximity
The desirability of residential properties throughout the Lexington rental market is instantly and considerably influenced by their location. Entry to key facilities, employment hubs, and transportation infrastructure instantly impacts the perceived worth and market demand for residence complexes. Properties strategically located close to main employers, such because the College of Kentucky or healthcare services, typically command larger rental charges and keep decrease emptiness charges because of the comfort provided to residents. Likewise, proximity to retail facilities, grocery shops, and leisure areas enhances the attraction of a property.
The absence of handy entry can negatively affect the perceived high quality, even when the property boasts superior inner facilities. An residence with a state-of-the-art health middle could also be much less fascinating than a comparable unit with out such services however positioned inside strolling distance of important companies. Actual-world examples abound, the place developments strategically positioned close to public transportation corridors or leisure districts persistently outperform extra remoted complexes by way of occupancy and resident satisfaction. This illustrates the monetary and way of life significance of Location Proximity.
In summation, the importance of strategic location is simple in figuring out the attractiveness of rental housing choices. Builders and property managers are keenly conscious of this connection, prioritizing places that supply tangible advantages to potential renters. Understanding this relationship is essential for people navigating the Lexington rental market, as location stays a major determinant of each comfort and total high quality of residing expertise. The sensible problem lies in balancing location preferences with budgetary constraints, as prime places typically coincide with larger rental prices.
2. Amenity Choices
The vary and high quality of amenity choices are basic differentiators in evaluating residence complexes throughout the Lexington rental market. These choices considerably affect resident way of life and contribute to the general worth proposition of a property, influencing its classification as a fascinating residing house.
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Health Amenities
On-site health facilities present residents with handy entry to train tools and exercise areas. This eliminates the necessity for exterior gymnasium memberships and promotes a wholesome way of life. Complete services could embody cardio machines, weightlifting tools, and devoted areas for yoga or group health courses. The presence and high quality of those services can considerably improve the attraction of an residence group, notably for health-conscious people.
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Swimming Swimming pools and Out of doors Areas
Swimming swimming pools, patios, and landscaped grounds provide alternatives for leisure and recreation. Swimming pools present a communal house for residents to socialize and funky off throughout hotter months. Effectively-maintained outside areas, together with grilling stations and picnic areas, improve the group environment and supply residents with areas to entertain company. These facilities contribute to the general high quality of life and could be a deciding issue for potential renters.
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Pet-Pleasant Options
Pet-friendly facilities cater to residents with companion animals. These could embody designated canine parks, pet washing stations, and waste disposal areas. The presence of such facilities not solely attracts pet house owners but in addition promotes accountable pet possession throughout the group. A property’s pet insurance policies, together with breed and weight restrictions, are additionally essential concerns.
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Enterprise and Know-how Facilities
Enterprise facilities outfitted with computer systems, printers, and high-speed web entry present residents with a handy workspace. Widespread space Wi-Fi permits residents to remain linked all through the group. These facilities are notably worthwhile for college students, distant employees, and people who require entry to know-how for skilled or private use.
The provision and high quality of those amenity choices instantly correlate with resident satisfaction and property worth. Excessive-quality amenity choices typically justify larger rental charges and contribute to the general notion of a rental residence. Moreover, properties that spend money on trendy and well-maintained facilities usually tend to appeal to and retain residents, contributing to the long-term success of the group.
3. Rental Prices
Rental prices are a major consideration when evaluating residential rental choices. These bills essentially form the affordability and accessibility of models deemed as superior throughout the Lexington, KY, market. A nuanced understanding of the parts and dynamics of rental prices is vital for knowledgeable decision-making.
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Base Lease and Market Charges
Base hire represents the foundational expense for occupying a rental unit. Market charges, decided by prevailing financial circumstances, provide and demand dynamics, and location-specific components, instantly affect base hire. Residences recognized as superior sometimes command larger base rents as a result of enhanced facilities, prime places, or superior development high quality. Fluctuations in market charges affect the relative affordability of properties, necessitating cautious analysis of comparative listings to discern truthful market worth. For instance, newly constructed properties in fascinating neighborhoods typically exhibit base rents considerably above town common.
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Further Charges and Deposits
Past base hire, rental prices embody a variety of further charges and deposits. Utility charges, safety deposits, pet charges, and amenity charges contribute to the general monetary burden. Safety deposits function collateral in opposition to potential damages or lease violations and are sometimes refundable upon passable termination of the lease. Pet charges and amenity charges cowl the prices related to pet-related companies and entry to group facilities, respectively. These supplementary expenses can considerably improve the efficient month-to-month expense. Understanding the scope and phrases of those charges is crucial for correct price range evaluation.
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Utilities and Service Bills
Utility bills, together with electrical energy, water, fuel, and web entry, characterize ongoing operational prices for tenants. Some rental agreements incorporate utility expenses into the bottom hire, whereas others require tenants to determine particular person accounts and bear direct accountability for fee. The presence of energy-efficient home equipment and constructing techniques can mitigate utility consumption, leading to decrease month-to-month bills. Equally, bundled service packages, resembling cable tv and web, could provide value financial savings in comparison with particular person subscriptions. Evaluating utility duties and consumption patterns is essential for estimating complete month-to-month residing bills.
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Lease Phrases and Renewal Charges
Lease phrases and renewal charges affect the long-term affordability of rental properties. Shorter lease phrases could provide better flexibility however sometimes entail larger month-to-month rental charges. Conversely, longer lease phrases can present value stability however prohibit mobility. Renewal charges, the rental prices related to extending a lease settlement, are topic to market fluctuations and landlord discretion. Analyzing lease phrases and anticipating potential renewal charge will increase are essential concerns for long-term price range planning. Lease break penalties also needs to be fastidiously reviewed.
Comprehending the interaction of those components is important for figuring out superior rental properties that align with particular person monetary constraints and way of life necessities. The stability between fascinating facilities, prime location, and related rental prices determines the final word worth proposition of any specific residence. A radical evaluation of those prices contributes to a well-informed housing resolution throughout the Lexington rental market.
4. Lease Flexibility
Lease flexibility, outlined because the diploma to which a lease settlement accommodates altering tenant circumstances, is a big issue differentiating optimum rental properties from customary choices. Properties thought of among the many superior residences in Lexington typically present lease choices past the usual 12-month time period. This flexibility can manifest in shorter-term leases, month-to-month preparations after an preliminary interval, or clauses allowing early termination below specified circumstances. The absence of such choices could be a important drawback for people with unsure employment prospects, college students with fluctuating tutorial calendars, or these anticipating relocation inside an outlined timeframe. For instance, an government transferred to Lexington for a mission with a restricted length would discover worth in a six-month lease, whereas a long-term resident could search the soundness of an prolonged settlement with a set charge. A property that caters to each situations shows a better diploma of lease flexibility.
The availability of versatile lease phrases instantly impacts a property’s marketability and its capacity to draw a various tenant base. Properties with inflexible lease agreements could exclude potential renters who require short-term housing options or anticipate modifications of their housing wants. Furthermore, lease flexibility can mitigate emptiness charges by offering tenants with the choice to stay in a property for a shorter length if their long-term plans evolve. Think about the case of a medical resident finishing a fellowship in Lexington. A property providing a month-to-month choice after an preliminary time period permits the resident to keep up housing till a everlasting place is secured, stopping a doubtlessly disruptive relocation. Conversely, a property requiring a full-year dedication could deter the resident from contemplating it, resulting in a missed alternative for the owner. The sensible utility of lease flexibility includes a cautious balancing of landlord monetary stability with tenant wants.
In conclusion, lease flexibility isn’t merely a peripheral amenity however a vital part of superior residential properties. By accommodating numerous tenant wants and offering various lease preparations, properties can improve their market attraction, cut back emptiness charges, and domesticate optimistic landlord-tenant relationships. Challenges in implementing versatile leasing stem from the executive and monetary complexities of managing shorter lease phrases. Nonetheless, the strategic integration of such choices contributes considerably to a property’s total worth and its status throughout the Lexington rental market.
5. Safety Measures
Safety measures represent a vital factor in defining probably the most fascinating rental residences. Their presence or absence instantly influences resident security, peace of thoughts, and the general perceived worth of a property. A direct correlation exists: sturdy security measures elevate a property’s desirability, whereas deficiencies in safety diminish its attractiveness. For example, a fancy with managed entry, surveillance techniques, and well-lit widespread areas is inherently extra interesting than one missing these protections. The absence of such options can result in heightened resident nervousness and decreased property values.
The implementation of complete safety protocols includes a number of layers. Managed entry techniques, resembling key fobs or biometric scanners, restrict entry to licensed personnel. Surveillance cameras, strategically positioned all through the property, present visible monitoring and deter felony exercise. Enough lighting in parking areas and walkways enhances visibility and reduces the chance of incidents. Safety personnel, whether or not on-site or contracted, provide a visual deterrent and supply speedy response to emergencies. The mixing of those measures creates a safe residing atmosphere that draws and retains residents. Think about a state of affairs the place two comparable properties exist in the identical neighborhood. One property invests in enhanced safety measures, together with a gated entrance and 24-hour safety patrols. The opposite property depends solely on conventional locks and minimal lighting. The previous property is prone to command larger rental charges and keep decrease emptiness charges because of the perceived improve in security and safety.
In summation, the implementation of complete safety measures is indispensable for reaching the standing of a superior residential property. These measures not solely shield residents and their belongings but in addition contribute to a way of group and well-being. Challenges in implementing efficient safety protocols embody budgetary constraints and the necessity for steady monitoring and upkeep. Nevertheless, the funding in safety yields tangible advantages by way of resident satisfaction, property worth, and total group security. Ignoring this side represents a big oversight within the pursuit of building superior rental choices.
6. Upkeep Response
The timeliness and effectiveness of upkeep response are intrinsically linked to the notion of a rental residence as optimum. The swift decision of upkeep points instantly impacts resident satisfaction, property worth, and the general status of a fancy. Delays or insufficient repairs, conversely, can result in tenant dissatisfaction, lease termination, and unfavorable opinions, thereby diminishing a property’s standing throughout the Lexington rental market. The standard of upkeep companies thus features as a defining attribute when discerning properties from customary rental choices.
Efficient upkeep response encompasses a number of key parts. First, a transparent and accessible system for reporting upkeep requests, whether or not on-line, by telephone, or in individual, is crucial. Second, a immediate acknowledgment of the request and an estimated timeframe for decision set up clear expectations. Third, the precise restore work should be carried out effectively and successfully by certified personnel. Lastly, a follow-up communication to make sure resident satisfaction with the finished work demonstrates a dedication to service high quality. For instance, an residence group that persistently resolves reported plumbing points inside 24 hours and conducts follow-up inspections is prone to be perceived as superior to at least one the place such requests languish for days or even weeks with out decision. The correlation between expedient upkeep and optimistic resident sentiment is well-documented.
In conclusion, the responsiveness and proficiency of upkeep companies are paramount determinants of whether or not a rental property qualifies as superior. Whereas different components, resembling location and facilities, contribute to total attractiveness, constant and dependable upkeep assist instantly impacts the each day residing expertise. The problem for property managers lies in establishing environment friendly upkeep protocols and allocating ample assets to make sure well timed and efficient resolutions. Ignoring this aspect undermines even probably the most aesthetically pleasing or conveniently positioned properties, finally detracting from their long-term worth and desirability throughout the rental panorama.
7. Pet Insurance policies
The institution and enforcement of pet insurance policies are important components in figuring out which flats qualify as probably the most fascinating throughout the Lexington rental market. These laws instantly affect a property’s attraction to a considerable phase of the inhabitants, impacting occupancy charges and total group satisfaction.
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Breed and Weight Restrictions
Restrictions on breed and weight function a major part of pet insurance policies. These limitations, typically carried out as a result of insurance coverage liabilities and issues about property injury, can exclude sure pet house owners from residing in a fancy. Nevertheless, overly restrictive insurance policies could alienate potential tenants with in any other case well-behaved animals. For instance, a blanket ban on breeds perceived as “aggressive” could deter accountable house owners of these breeds, whereas lenient insurance policies could appeal to tenants with pets that pose a real threat to different residents. Balancing threat mitigation with tenant lodging is essential in shaping efficient and engaging pet insurance policies.
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Pet Charges and Deposits
Monetary obligations related to pet possession, resembling non-refundable pet charges and refundable pet deposits, characterize one other side of pet insurance policies. Pet charges are sometimes meant to cowl the prices of cleansing and sustaining pet-friendly facilities, whereas pet deposits function safety in opposition to potential property injury attributable to pets. Excessive charges or deposits can deter pet house owners from renting in a fancy, whereas low or non-existent charges could appeal to a bigger variety of pet-owning tenants. The institution of cheap and clear charges and deposit constructions is crucial for sustaining competitiveness and attracting accountable pet house owners.
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Designated Pet Areas and Facilities
The presence of designated pet areas, resembling canine parks or pet washing stations, considerably enhances the attractiveness of an residence advanced to pet house owners. These facilities present handy areas for pets to train, socialize, and obtain mandatory care. Properties that spend money on well-maintained pet areas show a dedication to accommodating pet-owning residents. Conversely, the absence of such facilities could discourage pet house owners from contemplating a property, notably these with lively or large-breed canines. The availability of acceptable pet-related infrastructure is a key consider attracting and retaining pet-owning tenants.
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Leash and Waste Disposal Rules
Rules governing leash necessities and waste disposal are important for sustaining cleanliness and guaranteeing the protection of all residents. Clear and persistently enforced guidelines relating to leash utilization in widespread areas stop uncontrolled pet interactions and reduce the chance of accidents. Conveniently positioned waste disposal stations, coupled with obligatory waste removing insurance policies, promote accountable pet possession and cut back the potential for sanitation points. Strict enforcement of those laws is essential for fostering a optimistic and harmonious residing atmosphere for each pet house owners and non-pet house owners alike.
The mixing of fastidiously thought of and balanced pet insurance policies is a trademark of superior rental properties. People who successfully handle the wants of each pet house owners and non-pet house owners usually tend to appeal to a wider vary of tenants, keep larger occupancy charges, and foster a stronger sense of group. Whereas potential monetary dangers and logistical complexities exist, the advantages of a thoughtfully carried out pet coverage are simple within the context of building a rental residence as a best choice inside Lexington.
8. Neighborhood Opinions
Neighborhood opinions function a vital barometer for assessing the standard of flats. The experiences of present and former residents, aggregated by way of on-line platforms and surveys, present worthwhile insights into the day-to-day residing circumstances, administration responsiveness, and total satisfaction ranges inside a property. Constructive opinions typically spotlight features resembling well-maintained services, immediate upkeep companies, and a way of group. Conversely, unfavorable opinions could expose points associated to pest management, safety issues, or unresponsive administration. The quantity and consistency of opinions, each optimistic and unfavorable, instantly affect potential renters’ perceptions. For instance, a property persistently receiving excessive rankings for its cleanliness and resident assist is extra prone to be perceived as fascinating in comparison with a property with a historical past of complaints relating to noise or neglect.
The affect of group opinions extends past preliminary impressions. These opinions form a property’s status throughout the aggressive rental market. Constructive suggestions can appeal to a bigger pool of candidates, resulting in larger occupancy charges and doubtlessly justifying premium rental charges. Moreover, administration responses to opinions, each optimistic and unfavorable, show a dedication to addressing resident issues and enhancing total high quality. Actively partaking with suggestions, acknowledging points, and outlining steps taken to resolve them enhances a property’s credibility and fosters belief amongst potential and present residents. This lively administration of on-line status is more and more essential in attracting and retaining tenants in a digitally linked world.
In conclusion, group opinions characterize a significant supply of data for evaluating residence complexes. They provide a real-world perspective that enhances conventional property advertising supplies and supply potential renters with a extra complete understanding of the residing expertise. Challenges stay in guaranteeing the authenticity and representativeness of opinions, however their affect on rental selections is simple. By fastidiously contemplating group opinions, potential residents could make extra knowledgeable selections and improve their probability of securing housing that meets their wants and expectations, thereby contributing to the broader definition of superior flats.
9. Property Administration
Efficient property administration is a cornerstone of superior residential choices. Its affect permeates each side of residence operations, instantly affecting tenant satisfaction, property worth, and total group well-being. The standard of administration companies considerably differentiates unusual rental models from these thought of among the many finest, making a tangible hyperlink between competent administration and fascinating residing areas. For example, well-managed properties exhibit proactive upkeep, responsive communication, and persistently enforced group requirements, leading to a better high quality of life for residents. Poorly managed properties, conversely, undergo from uncared for services, unresolved complaints, and a basic sense of disrepair, detracting from the general residing expertise. The competence of property administration instantly shapes the residing atmosphere and contributes to an residence’s desirability.
Particular examples illustrate the sensible significance of efficient property administration. Think about two comparable residence complexes in Lexington. Complicated A, below the course of a talented administration workforce, promptly addresses upkeep requests, maintains meticulously landscaped grounds, and fosters a way of group by way of organized occasions. Complicated B, suffering from unresponsive administration, displays delayed repairs, unkempt widespread areas, and an absence of communication with residents. The distinction in tenant satisfaction between these two properties is palpable. Complicated A attracts and retains high-quality tenants, maintains excessive occupancy charges, and generates optimistic opinions. Complicated B, nevertheless, struggles with excessive turnover, frequent complaints, and a diminished status. The efficient implementation of property administration practices contributes on to the success of advanced A, reinforcing the significance of succesful administration. The direct penalties of poor administration spotlight its vital position.
In abstract, the standard of property administration serves as a basic determinant of an residence’s standing as superior. Whereas components resembling location and facilities contribute to preliminary attraction, the continued expertise of residing in a fancy is instantly formed by the competence and responsiveness of the administration workforce. Challenges in sustaining constant administration high quality embody staffing shortages, price range constraints, and the necessity to adapt to evolving tenant expectations. Nevertheless, prioritizing efficient property administration yields tangible advantages by way of resident satisfaction, property worth, and group status, finally establishing an residence advanced as a best choice throughout the aggressive Lexington rental market. The dedication to sound administration rules isn’t merely a fascinating attribute however a mandatory prerequisite for creating and sustaining superior residing environments.
Regularly Requested Questions
The next questions handle widespread inquiries regarding residential rental properties throughout the Lexington, Kentucky, market. These solutions present factual info to assist potential renters in making knowledgeable selections.
Query 1: What components contribute to the designation of a rental property as “finest”?
The designation is subjective; nevertheless, a number of goal standards contribute. Prime location, complete facilities, responsive property administration, optimistic group opinions, aggressive rental charges, and versatile lease choices are all thought of. Superior properties typically exhibit excellence throughout a number of classes.
Query 2: How considerably does location affect rental prices?
Location is a major driver of rental prices. Properties located close to main employment facilities, retail districts, and transportation hubs sometimes command larger rental charges than these in additional distant places. The comfort and accessibility afforded by a first-rate location translate to elevated market demand.
Query 3: Are pet-friendly flats persistently costlier?
Pet-friendly properties could incur further prices as a result of pet charges or deposits. Nevertheless, base rental charges are usually not at all times larger. The general expense relies on the precise insurance policies of the property and the dimensions or breed of the pet. Potential renters ought to fastidiously assessment pet insurance policies earlier than signing a lease.
Query 4: What recourse is out there if a upkeep request is ignored?
Tenants experiencing unresolved upkeep points ought to first doc all communication with property administration. If the problems persist, authorized treatments could also be accessible, together with withholding hire (topic to authorized restrictions) or looking for authorized counsel. Seek the advice of with a certified legal professional to grasp relevant rights and duties.
Query 5: How dependable are on-line group opinions?
On-line opinions present worthwhile insights however ought to be interpreted with warning. Think about the quantity of opinions, the consistency of suggestions, and the potential for biased or fraudulent entries. Prioritize opinions that supply particular particulars concerning the property and administration practices.
Query 6: Is it advisable to safe renter’s insurance coverage?
Renter’s insurance coverage is extremely advisable. It supplies monetary safety in opposition to private property loss as a result of theft, hearth, or different lined perils. Moreover, it typically consists of legal responsibility protection in case of unintentional injury to the property or damage to company. The price of renter’s insurance coverage is mostly modest in comparison with the potential monetary burden of an uninsured loss.
In abstract, choosing acceptable rental properties requires complete and goal analysis. This consists of cautious evaluation of key concerns.
The succeeding part will examine the implications of rental market traits.
Ideas for Securing Superior Rental Residences
Navigating the rental market necessitates a strategic method to determine properties that meet particular wants and preferences. The next pointers provide sensible recommendation for people looking for to safe optimum rental lodging.
Tip 1: Outline Housing Priorities: Set up a transparent understanding of important standards, together with location, price range, and desired facilities. Prioritization aids in filtering choices and specializing in properties that align with particular person necessities.
Tip 2: Conduct Thorough Analysis: Make the most of on-line assets, property web sites, and native listings to collect details about accessible properties. Evaluate rental charges, facilities, and lease phrases to determine potential candidates. Verification of property particulars by way of a number of sources is suggested.
Tip 3: Go to Properties In Individual: Schedule property viewings to evaluate the situation of the models, widespread areas, and surrounding atmosphere. Examine for potential points resembling water injury, pest infestations, or structural issues. Direct commentary supplies invaluable insights.
Tip 4: Scrutinize Lease Agreements: Rigorously assessment all lease phrases and circumstances earlier than signing. Pay shut consideration to clauses pertaining to hire fee, safety deposits, upkeep duties, and termination insurance policies. Search authorized counsel if clarification is required.
Tip 5: Consider Administration Responsiveness: Assess the responsiveness and professionalism of property administration through the utility and viewing course of. Immediate and courteous communication signifies a dedication to resident satisfaction. Inquiries about upkeep protocols and group insurance policies are advisable.
Tip 6: Think about Neighborhood Security: Analysis crime statistics and security rankings for potential neighborhoods. Consider lighting circumstances, safety measures, and proximity to emergency companies. Private security ought to be a paramount concern.
Tip 7: Doc Property Situations: Upon transferring in, totally doc the prevailing situation of the rental unit, together with any pre-existing injury. Take images or movies and submit a written report back to property administration. This documentation protects in opposition to potential disputes relating to injury accountability upon lease termination.
Tip 8: Interact with Present Residents: When attainable, converse with present residents to achieve insights into the group environment, administration practices, and total residing expertise. Their views can present worthwhile info that’s not available by way of official sources.
Adherence to those pointers will increase the probability of securing appropriate lodging. This course of calls for diligence and analysis.
The following part incorporates a conclusion.
Conclusion
The previous evaluation of “finest flats in lexington ky” has elucidated the multifaceted standards that outline superior residential rental choices throughout the specified market. Components starting from location and facilities to lease flexibility and property administration contribute to an residence’s total desirability. A discerning analysis of those parts is crucial for potential renters looking for to safe lodging that align with their particular person wants and preferences.
The pursuit of appropriate rental housing necessitates a proactive and knowledgeable method. By conducting thorough analysis, fastidiously scrutinizing lease agreements, and prioritizing properties that show a dedication to resident satisfaction, people can improve their probability of securing lodging that improve their high quality of life and contribute to a optimistic group expertise. The final word choice rests upon particular person circumstances and an evaluation of the assorted parts.
