What Are The Benefits Of Living In An Apartment Instead Of A House?

Definition of "What are the benefits of living in an apartment instead of a house?"

Georgy  Tsikhiseli real estate agent

Written by

Georgy Tsikhiselielite badge icon

EXP Realty-Manhattan

Many young adults and members of Gen Z can’t wrap their heads around choosing between living in an apartment or a house. By all means, it’s a tough nut to crack. When asked, everybody will jump at their favorite option at first. However, the defining differences between these two get blurry on second thought. 

Should you consider the price, size, personal space, and freedom when buying or renting a place? And don’t forget about your neighbors, either!

What are the perks of living in an apartment?

Young professionals spreading their wings in the world will undoubtedly settle upon renting their first apartment. Owning a home (without a mortgage) sounds more economical than paying monthly rent. 

Yet, they shouldn’t worry because time is on their side, and a perfect credit score will bring their efforts to fruition. Besides, renting an apartment has countless advantages waiting to be explored.

A fair share of maintenance responsibilities falls on others.

Undeniably, living in a rental unit, even if it’s a studio apartment, has many benefits. It requires considerably less general maintenance. For instance, you won’t have to mow the lawn regularly, pull out the weeds, maintain your pool, or bother with pest control. In short, these are all the landlord’s responsibilities. Consequently, many aspects of life have gotten automated. 

Various services, such as garbage disposal, have become convenient for tenants. In the present instance, introducing trash valleys and recycling bins doesn’t require the neighbors to move to the larger garbage depositing area.

What are an apartment’s disadvantages?

Suppose you wish to extend your living space by adding extra rooms. Whether you’re a tenant or the apartment’s owner, the chances of doing so are zero. In addition, you can’t create a refreshing green zone, backyard, garden, or innovative recreational center. Simply because you possess limited space available or your landlord won’t allow you to. To enjoy such pastime activities, you must visit facilities created for this purpose.

Don’t let finite storage space bug you!

Secondly, your storage space is limited. It means that after a time, you won’t be able to stash away all the shoes and dresses you collected over the years. Using your apartment’s out-of-the-way spaces as a deposit is only one of the creative storage ideas for small places on a budget.

Then, you can’t really flash out your creative self regarding home design. However, you can create a spacious layout for your small apartment using LED lights and vertical shelves. Moreover, paint your walls white and see how the odds turn in your favor!

Learn how to deal with your neighbors!

Furthermore, an apartment will teach you what living in a community genuinely entails. Even if you’re not on amicable terms with your neighbors, you still meet (most of) them daily. That awkward moment of silence as you pass by each other in the hallway or elevator can become overwhelming. Mostly densely-populated metropolitan areas experience such distant and cold relationships between neighbors. 

Prying and extroverted neighbors are worse than uncommunicative ‘strange bedfellows.’ Their behavior can turn into borderline harassment and intrusion of your personal space. Don’t be a victim and confront your nosey neighbor!

Living in a house implies switching to another mindset.

Residing in a house comes with an entirely different set of responsibilities than you would typically assume as an apartment tenant. A larger living space comes at a price. Now, your to-do list around the house, especially if you own it, has exponentially grown from tending the backyard and garden to installing a reliable home security system. 

Undoubtedly, it signals a rite of passage into adulthood as it requires keeping up with monthly mortgage payments. And lastly, leaving a house behind and going elsewhere isn’t as effortless as finding nother apartment. 

Conclusion

Renting has become a part of the American Dream due to the countless conveniences and freedom it grants to tenants. Additionally, apartment rentals offer much-needed flexibility to switch between them as career choices or family matters dictate. Nevertheless, living in an apartment certainly comes with certain perks curtailed, such as a tinier personal space and respecting community living rules.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...

Stated rate of interest on the face amount of a loan or installment note. ...

Provision in a written agreement that depends on the occurrence of something else. ...

To default on a loan means to intentionally or unintentionally miss several consecutive monthly payments over the course of a few weeks or months. Most borrowers learn the definition of ...

An early term used to describe all types of real estate property, improvements to the land, and all rights accruing to the land. ...

Fee paid only if other criteria are met. ...

Same as term soil porosity: Extent to which soil has cavities or pores, thereby allowing water to pass through. ...

Statutes stipulating that the property of deceased individuals is distributed in a way that assumes that property during marriage is jointly owned and equally shared by the spouses ...

A judicial ruling in which the rights and claims of the parties have been considered. A final ruling on some aspect formed after all the facts have been taken into account. In Real ...