Contrary to popular belief, Americans are predisposed to wanting to live in an apartment. In fact, 80% of Americans would prefer to live in a single-family dwelling. However, with housing at a premium and rents and mortgage costs rising, this is an unattainable dream for many people.
However, there are many benefits to living in an apartment for both homeowners and renters. It can be preferable for some people to own the building outright. This post looks at some of the reasons why apartment living could be the right option for you.
Easy Maintenance Costs
One of the most compelling arguments for relocating to an apartment is the ease with which it may be maintained. It’s possible to keep up with your to-do list when you don’t have to care about keeping the property in good condition.
Living in an apartment means that you don’t have to worry about it. It is the obligation of apartment workers to shovel snow, replace a broken dishwasher, or repair a leaking roof. If there is a problem, the only thing you have to do is pick up the phone and contact property maintenance—an attractive benefit for anyone looking at living in apartments.
When weighing the advantages and disadvantages of living in an apartment vs a house, the most important consideration should always be safety. Living in a multi-unit building provides a level of security that cannot be found in a single-family home.
Many apartment complexes have gated communities, controlled entry, surveillance cameras, and additional fire prevention measures.
The closeness of neighbours also provides a significant level of safety. They are more likely to notice if something unusual occurs. They may also have more time to alert the authorities if something unique happens.
Apartment living is ideal for those who live alone, families with children, the elderly, or those who want peace of mind because of the increased safety features.
Access to Amenities
When it comes to apartment living, the amenities are difficult to surpass. Apartments have several advantages not available in most single-family houses, such as access to recreation and convenience just outside your door.
A few of the features you’ll find are clubhouses for hosting large gatherings, playgrounds, exercise centres, automated smart homes, and swimming pools. While it is possible to incorporate amenities such as these into a home, the costs can be too expensive for most people’s budgets.
Movie theatres, hairdressers, hiking paths, pet spas, and underground heated parking are other unusual attractions available on the property. It’s like living in a higher-end home without having to pay the higher rent. Of course, the amenities will be unique to each apartment complex, and not all will have the same type or number of on-site amenities.
With the financial advantages of living in an apartment comes the option to put money aside for your future. Because of the high expense of maintaining a home, it is more challenging to save for a “rainy day.” When your living expenses are reduced due to renting an apartment, you are better positioned to save more money.