LIVING IN AN APARTMENT
Advantages of living in an apartment are security, low maintenance, amenities, and lower costs.
Low maintenance – with nearly all apartments, maintenance is covered and taken care of by the landlord or the body corporate, making one less major worry for you when that leaky pipe finally splits.
Security – As far as security goes, apartments seem to be the better choice. Some apartment buildings have security guards and a lot of them feature secure front doors which can only be opened with a code or card. Also, it’s less likely for a potential thief to go unnoticed when there are so many neighbors everywhere around you.
Amenities – living in an apartment complex usually brings access to a large array of amenities that you might not get after buying a home. This potentially includes things like a common room, swimming pool, communal barbeques, a gym, covered parking, and a security system.
Perfect for living alone – for those who plan on living alone for the foreseeable future, the smaller space and simplicity of an apartment is ideal for those who want less space and smaller bills.
Less to clean – Think of how easy it is to clean a small apartment compared to a big house. You’ll have a ton of windows to clean, more floors to vacuum and you’ll also have to worry about the outdoor spaces.
Bills and fees – apartment living usually costs you less in terms of things such as heating, cooling, and other utilities such as water and electricity. This can help with budgeting.
Disadvantages of apartment vs house include:
Smaller living space – The first and foremost disadvantage of apartments is that they’re generally smaller than the average house. While this means you’ve got less space to clean, that’s only a small consolation for less living space. You also may not have access to a clothes line.
Privacy and noise – It you’re the type that likes peace and quiet, you may have trouble finding those things in an apartment. Due to the crowded nature of apartment buildings, the privacy afforded by apartment living is less than that of living in a house. You might overhear someone speaking in the apartment next to yours, or they might hear you. The best thing you can do is try to establish a good relationship with your neighbors from the start. You’ll respect them and they’ll respect you.
Limited decorations – Because most apartments are owned or overseen by a landlord or body corporate. The extent to which you can decorate apartment is potentially limited. Some common restrictions include being able to repaint, replace or change fittings, and the installation of air conditioning if the apartment doesn’t already have it. On the other hand, if you own a home, you can redecorate to your heart’s content!
Disadvantages of living in a house include:
Rents are bigger – monthly rents for a house are higher than for an apartment. If you are trying to decide between buying a house or renting an apartment you need to consider how stable your city housing market is.
More responsibility – and time and money. An apartment might be smaller but all of a sudden you’ll have far less responsibility and more time and money. An independent property needs extra effort for setting up services like security, power back-up, water systems and fire safety mechanism . This would also include an extra cost.
Bigger space – bigger mess : when a few people live in the same house dishes tend to pile up and it can be difficult to keep the place tidy. While this can be true for both houses and apartments, since more people tend to live in a house, the messes in them tend to grow a lot faster.
And, you should know, when it comes to houses, your work does not end here. Once you start living in your own house, the property needs constant efforts for maintenance, cleanliness and construction & repair. According to the U.S. Census Bureau, homeownership in the U.S. has fallen to its lowest point in nearly 20 years – just under 65 percent – as renting becomes a more attractive and affordable alternative. The last time it was that low was in 1995.
There are pros and cons for apartment vs house, just remember to try and make the most out of the pros and not dwell on the cons as much as possible.