Apartment living is an attractive option for those who either want to live alone or can’t afford to or simply don’t want to live in a full-scale house.
Apartments can have a variety of benefits and disadvantages but in the midst of an economy that is hard on those looking to buy a new home; they’re a more realistic option, especially for those with a limited incomes.
Apartments are increasingly popular with younger generation who are ready to start their adult life or buyers who want to enter the real estate market.
Advantages of living in an Apartment:
Living in the same building, close by helps build a great community and a friendly environment amongst the residents which makes it very pleasant and enjoyable experience.
Great way to enter property business
Investing in apartments is a great way to enter onto the property ladder especially in a market place like Islamabad where the prices of houses are sky rocketing and apartments are getting much popular.
With nearly all apartments, the officials of the building or the body corporate takes care of the maintenance making it very convenient for the residents to live carefree without worrying about a leaky pipe that splits.
Living in an apartment complex usually gives the residents access to a large array of amenities that they might not get after buying a home. This includes facilities like a common room, swimming pool, communal barbeques, a gym, covered parking, and security system.
Perfect for living alone
For those who want to live alone want a smaller space and enjoy simplicity apartment is an ideal place for those who want less space and affordable living.
Bills and fees
Apartment living usually costs less in terms of billing including heating, cooling, water, electricity and other utilities. This helps with budgeting and keeping your finances to a minimum.
Disadvantages of living in an Apartment
Smaller living space
Apartments are generally smaller than the average house. While this can also work to your advantage as you will get less space to clean but that is only a small consolation for living in a small space.
Privacy and noise
Due to increased population in apartment buildings there is less privacy than that of living in a house. You might overhear noise from the apartment next to you. Before shifting into an apartment keep in mind that there is a possibility that you might suffer from excessive noise from other tenants.
Most apartments are owned by a landlord or body corporate, so there is a limitation to which you can decorate and personalize your apartment. Some common restrictions include being able to repaint, replace or change fittings, and the installation of appliances.
Parking spaces can be at a premium in an apartment block, particularly if you do not have an allocated parking.
While apartment living is perfectly comfortable, there are some notable disadvantages one might want to take into consideration before deciding to move in an apartment building.