Living in an apartment has numerous benefits, which is why it is getting so popular.
More and more people, especially in metropolitan cities, are opting for apartments instead of homes.
Living in a communal complex sounds appealing to single individuals living alone. It also attracts older adults who want to interact with others and make friends.
Reasons Why Apartment Living Is More Popular
The debate between apartment and home living has been a longstanding one. However, once you determine the pros and cons of both, you notice the benefits of apartments.
If you are deciding whether or not to move into an apartment, you have to consider a few different things (and assess how important these factors are for you).
There are a plethora of reasons why so many people are opting for apartments.
Here are some of the reasons why apartment living is getting so popular:
Apartment Living Can be Cheaper
Many people commonly believe that houses are less expensive than apartments. They mainly think this way because, with a house, you are paying a mortgage.
People argue that the apartment rent is higher than the mortgage payment. However, they are not considering the longer term and bigger picture.
A mortgage payment is just one of the costs of living in a home. You also need to consider tax, down payment, and insurance.
Not to mention, living in a house also means higher utility bills. This is because you would be heating and powering a large house.
When you consider apartments, the cost is often less. You only need to give a fixed deposit.
Moreover, the monthly rent and the security deposit are both considerably less. Your utility bills and maintenance costs are both slashed because of living in an apartment.
Also, a lot of people prefer small apartments (1 or 2 BHK), which are also less expensive. It will be hard for people who want smaller places to find small houses.
Maintenance is Easier in Apartments
If you opt for a reputable apartment building, you will definitely get maintenance benefits. You will have ease because there are no maintenance problems and worries you have to experience.
Reputable landlords likely have a handyman who lives in the apartment. Whenever you face any issues, they can fix them for you.
And if you have specialized needs, you don’t need to worry about that. The landlords typically have relationships with responsible contractors who can come as soon as you call them.
If you have a clogged sink and other problems, help is just a phone call away. And it also comes at an affordable cost.
However, if you face the same issue in a home, it would be a bigger issue. You would have to arrange a contractor on your own, which would typically cost a lot.
Not to mention, such contractors would not be available a phone call away. And if you take up the task on your own, it would be quite frustrating.
You might not have the right expertise, and the job would end up being too stressful, complicated, and ultimately frustrating. Hence, it’s hard to pass by the incredible convenience of apartments.
Living in an apartment provides great amenities you won’t get in a home.
Some of the most common ones include swimming pools and clubhouses to host parties in. Depending on the apartment building, you might also be provided with a fitness center, playground, and automated smart homes.
Expensive apartment buildings take it one step further. They offer you more unique amenities, including theater rooms, pet spas, and heated parking.
Although you can get these perks installed in your home, they can become too expensive. The fact is that you can only enjoy such amenities at an affordable price in an apartment.
Building a pool, home spa, and movie theater can be expensive. However, apartments give you the chance to upgrade your living easily.
Another advantage of apartments that homes don’t offer is the opportunity to live with and in a community. This is a significantly attractive benefit to those living alone and who want to interact with others.
You get to live in a close-knit community when you are in an apartment. This gives you the chance to have blossoming friendships.
While you can find friends when living in a house, an apartment offers greater opportunities. This is because you are in close proximity and are living together.
You would run into them at the pool or in the fitness room. Hence, you have a greater opportunity to build deeper and long-lasting connections.
Safety is a top priority for most individuals looking for a place to live. Luckily, apartments offer increased safety.
Depending on the apartment complex you opt for, you would live in a gated community. Moreover, there would also be security cameras, extra fire protection, and even security guards at night.
The close proximity to neighbors also offers enhanced safety. They will be able to hear if something happens and notice something unusual.
This advantage also makes apartments perfect for individuals living alone and the elderly. You get peace of mind.
When you are living in an apartment, you generally have more time. This is because you are not spending too much time carrying out maintenance or fixing the yard.
More often, apartments are in central locations. Hence, you would be cutting your commute short too.
This frees up the time you can spend carrying out other activities. All in all, an apartment gives you the gift of time that houses cannot.
If you are someone who does not like living in one space for too long, you can consider an apartment. It is perfect for individuals who want the freedom to move wherever they want.
Most apartments offer short-term leases if you want them. These can be as short as three months.
This convenience is not typically offered in homes. You will likely have to live there for longer months.
Moreover, when you want to move out, you must put your house on the market. Selling and moving out of a house would also take more time.
Besides the aforementioned financial benefits of living in an apartment, you also enjoy other advantages. For example, you have the opportunity to build your savings for the future.
This is because you won’t be paying much when living in an apartment. Hence, saving opens you up to a world of opportunities.
You can even save for a ‘rainy day’ when you are not spending all your income on your living. Similarly, building your savings for the kid’s college, traveling, and retirement is all made easier.
This benefit will add more comfort to your life and allow you to live stress-free. It’s a convenience you cannot take for granted.
Suppose you live in a city where it snows a lot. If you lived in a home, you would have to regularly shovel and clean your driveway.
This responsibility falls in the hands of the landlord. Hence, you are saved from the headache of having to carry out more tasks during bad weather.
Most apartment complexes are in central locations close to different places. They are located close to schools, downtown areas, churches, and supermarkets.
This is a great convenience since it allows you to save costs and time by slashing your commute. It is also convenient since everything is close by and right there.
Grocery runs won’t be as hectic if you are living in a house. Homes don’t offer this convenience since they are typically located in the suburbs.
Suburban areas are typically far from schools, churches, and supermarkets.
Are Houses Still Popular?
Many people are still renting houses. However, apartments are just more popular. Some individuals might not like apartments because they are small and noisy.
They may even enjoy having a garden and taking care of a yard. Similarly, they would like multiple rooms to accommodate their growing family.
This is why they opt for houses instead of apartments. However, even despite these benefits, apartments are growing in popularity.
Especially in recent years, they have been more popular. And there is also a rise in apartment buildings to meet the rising demand.
All in all, the reason why apartments are so popular is that they offer undeniable convenience. You have the ability to save costs, time, and effort in an apartment.
Living in an apartment simply makes your life easier. This is why they are an excellent choice for anyone looking for a great home.
There are plenty of benefits to living in an apartment. You can enjoy a carefree life, be in a central location, and build friendships.
These benefits cannot be offered to you when you live in a home. As a result, more individuals are opting to move into apartment complexes.
Other articles you may also like:
- Do Apartments Raise Rent Every Year?
- Why Are Apartments So Expensive?
- 9 Tips to Find a Quiet Apartment
- Are Apartments Safe during Hurricanes?
- Do Apartments Come With Fridges/Refrigerators?
- Do Apartments Come Furnished (with Furniture/Bed)?
- How to Get an Apartment as a College Student?
- 11 Tips to Make Your Apartment Look Expensive