To live in an apartment or a house. That’s the million-dollar dilemma for many people nowadays. With the worldwide population continually increasing, more and more individuals choose to live in a centralised area with countless options of facilities, shops, and other public places nearby. In a central area, such as the city, houses may not be an option, which forces people to consider apartment living.
In this article, we will look into the pros and cons of living in apartments vs houses.
Apartments – Pros
Normally situated in a central area and comprising of many levels, apartments are more affordable than houses. Obviously, there are some exceptions to this rule, but if you compare an apartment to a house within the same area and socioeconomic class, the apartment will most likely be cheaper.
Another pro is the low cost of maintenance that goes with owning an apartment. There are no lawns to be mowed, and other maintenance issues that need to be addressed can be handled by contacting the building manager.
When it comes to security, residents and their friends will need to pass through several layers of security before entering apartment units. From finger scans, touchpads, to ID bobs, it is no easy task getting into apartments you’re not a resident in.
Apartments – Cons
Unless you own a penthouse, chances are there will be less space in your apartment than in houses. For some people, this lack of space can induce feelings of being trapped or claustrophobia, which is something you need to consider before making a big purchase.
Privacy is also a key factor to consider, as you will have to share common spaces like the gym, garden, parking area, lobby, elevators, and others. Some noise is to be expected, as the walls are shared and residents can have guests over. If you put privacy as the highest priority, owning an apartment may not be the best option for you.
If at any time you feel like renovating or changing the layout of your apartment, this needs to be communicated to the building manager and owners, which may or may not permit you to do so.
Houses – Pros
In general, houses host more floor and outdoor space than apartments. You will also have full privacy and autonomy of what goes on within the four walls, which means that you are able to renovate, upgrade, or pimp your building however you prefer. Having a backyard and an outdoor area can be great benefits for those with children.
Houses – Cons
As houses are generally more expensive than apartments, finding a house that can fit a specific budget can be challenging. Most of the time, families will have to compromise on the location of the houses, which could potentially increase their commute time and hinder the accessibility of facilities and shops.
All aspects of house maintenance will fall on the responsibility of the owner of the house, which can add up to a lot of work and money in the long run. Also, electricity and water bills tend to be higher for houses than apartments, as there are more space and rooms.
Whichever you prefer, make sure to double-check if you’ll need Melbourne land surveyors to conduct a feature survey, title re establishment survey, re establishment survey, or others. Linear Land Surveyors are more than able to conduct a re establishment survey melbourne or other land survey needs you may have. Contact them today.