Most people cannot decide if they should get a house or live in an apartment. Should they buy or rent? Often, they spend way too much time weighing the pros and cons of each. It is not surprising. After all, both have their advantages and disadvantages.
Choosing between getting a house or an apartment can be a daunting task. However, in most cases, it may be a better choice to live in an apartment than a house. That is why we have listed the unique advantages of living in an apartment, and why you should consider investing in this over a house.
Reasons to Live in an Apartment
#1: It is all about the location
You can easily find apartment blocks across the city, even in your preferred location. Their convenient location allows you to live where you want for a fraction of the price you would otherwise pay for a house.
Additionally, a flat located in the centre of the city could provide convenience, sometimes even cut costs. For example, in such a scenario, you can ditch the car and walk to work, cutting fuel prices (and gaining some exercise). Most shopping centres and public spheres are built in the proximity of apartment blocks, making them more accessible.
#2: Low maintenance
Apartments are easier to maintain since most of this responsibility falls on the landlord or the owner. That means that when you live in an apartment, you do not have to break your back shoveling the driveway or struggling to fix a leaky tap. Not only does this take these mundane chores off your hands, but also do not have to worry about the expenses these tasks incur.
#3: Secured living
Another benefit you get when you live in an apartment, you can feel at ease because of the security you get here. Apartment complexes require their tenants to key in a security code to get inside. CCTV cameras are installed in different areas of the compound that are monitored by the guard on duty. Some apartment complexes are surrounded by a gate, further adding to your security.
Additionally, the proximity of neighbors and the several layers of entry required to access an individual apartment ensure increased safety over that of individual housing units.
#4: Low commitment
When you choose to live in an apartment, the landlord won’t require you to commit to staying for a long time. This type of arrangement is extremely convenient because it allows you to move out when you need or want to do so.
Additionally, if you buy an apartment and decide not to live in it, you can always rent it out, bringing additional income. Apartments usually yield a higher rental profit than houses owing to their purchase price being much lower despite a similar rent as a house.
#5: Extra amenities
Apartments provide additional amenities to their tenants such as a pool, gym, and a car park, just to name a few. All of these extra amenities are things that would prove a heavy financial burden if you were to install them in a house. Owners of large apartment complexes often reinvest their rent money into installing and renovating these amenities, making for convenient living arrangements.
With all of these reasons, it is no surprise why we and so many others prefer to live in an apartment than a house. They provide the same comfort of living in a house, but at a lower price and a more convenient location. Why not give an apartment living a try and who knows? You might also just fall in love with it, too.