Did you know that 53 percent of adults in America over the age of 24 currently live in a home with roommates? When it comes to housing, most people still favor single-family houses over apartments.
But are the benefits of apartment living worth leaving the comforts of your own home?
Read on to learn about the pros and cons of apartment living.
Apartment Living: What To Love
The following are some of the reasons why a lot of people enjoy living in apartments:
More Affordable
Cost is one reason people choose rental living over single-family homes. In the same region, apartments are cheaper than single-family homes. In cities with minimal space, apartment life is the best.
Regarding square footage and location, apartment rental rates are lower than single-family home rental and mortgage rates. Apartments are frequently smaller than single-family homes, resulting in lower utility bills and upkeep costs. Smaller apartments need fewer pieces of furniture.
Simple to Maintain
Apartments are easier to maintain than houses. This is why many empty nesters and retirees choose a place to live in apartments. Less square footage means less cleaning, maintenance, and upkeep.
Apartments are easier to furnish because they need fewer furnishings. Apartment living removes yardwork, as buildings manage apartments with outdoor space.
Numerous Amenities
Standard apartment building amenities include indoor or outdoor amenities, from pools to rooftop grills, to outdoor gardens and courtyards, balcony spaces, storage units, business centers, parking, concierge services, bike sharing, and recreational areas.
Each unit has a washer and dryer, appliances, closets, central air conditioning and heating, and a living room that’s already set up.
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Apartment Living: What Not to Love
The following are some of the reasons why there are people who choose not to live in apartments:
Strict Norms and Guidelines
Each apartment has its own rules. Most of the time, these rules and regulations include policies about the number and size of pets that are allowed, the hours that public spaces, like gyms or recreation rooms, mail rules, like how long the front office will hold a package, and loud noise and party rules, and how many people can be there at once.
With this set of rules, sometimes you can be limited in enjoying your own space.
Limited Storage Space
Less room means fewer belongings to store. Apartment closets and cabinets are small. They lack attics, basements, guest houses, and walk-in closets, which are common in single-family homes.
Apartment living may not be for you if you have many possessions. If you plan to move into an apartment, you must determine what to do with your belongings.
In Close Quarters With Neighbors
Not everyone considers close neighbors a drawback of apartment life. This aspect of apartment life is why many individuals choose a single-family home. Close proximity to neighbors can be disruptive, uncomfortable, and annoying.
An apartment community enhances the chance of hearing their comings and goings. If you live near your neighbors, loud noises may become the norm.
To Live In an Apartment or Not?
If you’re considering an apartment, be sure to weigh the pros and cons carefully. On the plus side, apartments can be more affordable than houses, and they’re often located in convenient, central areas.
But apartment living also has its downsides, like noisy neighbors and less privacy. Ultimately, the decision of whether to rent an apartment or buy a house depends on your unique circumstances and needs.
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