Apartment living is ideal for some people, and less suitable for others. Here are some of the pros and cons of moving into an apartment, so that you can decide whether it’s the right decision for you.
Pro: Affordability
Renting an apartment is generally much cheaper than renting a house. They also don’t require a lot of energy to heat up or cool down, so you won’t spend as much money on energy bills as you would in a house. They’re a great option for those looking to keep their living costs low.
Con: Lack of space
Most apartments are relatively small. Most have no more than two bedrooms, making them unsuitable for those wanting a larger family. You’ll also have limited space for belongings. Downsizing to an apartment often requires getting rid of a lot of items, however for some people it can be a good opportunity to declutter.
Pro: Easy to maintain
You may find cleaning an apartment easier than cleaning a house, because there are less rooms to clean. Any damage that is the result of wear and tear is meanwhile up to the landlord to fix (a major advantage that apartments have over condos). Apartments also generally don’t have yards, so you don’t have to worry about yard maintenance. If you’re looking for a low maintenance home, an apartment is the way to go.
Con: Landlord restrictions
A downside of apartments is that there are often restrictions put in place by the landlord or apartment block management. Any form of remodelling is generally off-limits including painting and even putting a nail in the wall in some cases. There may also be rules in place such as no smoking or no pets (although there are some pet-friendly apartments). Make sure that you’re willing to abide by these restrictions.
Pro: Location/views
Central city areas typically have less houses and more apartments and condos. If you need access to the city center, an apartment could be a good option. On top of this, upper-storey apartments can come with great views – the likes of which you’d never get in a house.
Con: Limited/no outdoor space
Most apartments don’t have private yards. The most you’re likely to get is a balcony. This means no space for kids to play outdoors, no space for dogs to use the toilet and play and no space for landscaping and less space for gardening. Make sure that you’re willing to deal with this.
Is an apartment right for you?
An apartment is ideal if you’re looking to save money on bills, looking for somewhere low-maintenance or looking to grab a home in a prime central location. They’re typically popular for single young adults, young couples, small city families, single retirees and retiree couples.
An apartment is less suitable if you’re looking for lots of space, a yard and freedom to renovate/set your own rules. Larger families and people with lots of pets should avoid apartments.
