To rent an apartment is a big decision. Whether you are on a month-to-month or are signing a long-term lease, you’re choosing where you will call home and spend your days and nights for the foreseeable future. Living in an apartment has many advantages, but not every apartment has the same amenities and benefits.
As you compare different units, evaluate them, and consider how they suit your lifestyle, here are some of the key advantages of an apartment to weigh.
Excellent Location
An apartment collects people, which means businesses are more inclined to flock to that area, and apartment builders are more likely to build in a location with a lot going on.
Though not always, location-wise, an apartment can put you at the center of a lot of activity, close to shopping centers, restaurants, and more. Luxury apartments are often located near convenient locations, allowing residents to travel easily.
Newer Appliances and Furniture
Luxury apartments, in particular, are well-known for high-quality appliances, the newest and latest technology, and premium-grade furnishings.
This gives you something else to be excited about moving into an apartment where you can take full advantage of the best appliances.
Cash Out Your Home Equity
If you have equity saved up in a mortgage, living in an apartment and downsizing is a chance to cash out the investment you’ve made and use that money to improve your life. Downsizing isn’t bad, especially for empty nesters and retirees looking to get the most from their present.
You’re Not Trapped
An apartment does not tie you to a location or property for decades. You can leave without having to pay any fees or penalties. An apartment won’t make you feel trapped, house poor, or lock you into a financial situation you can’t control.
No Maintenance From You Required
A massive benefit of living in an apartment is no maintenance required. If something breaks, you call the complex, and they handle it, even if they need to call a plumber or electrician. They also do everything from cleaning open areas to tidying up after a snowstorm. It’s all paid for, taken care of, and provided free.
Reliable Utilities
When you need backup electricity or water, or if there is a disruption to your utility services, a building manager is probably already tackling the problem without you having to call or schedule servicing from a technician.
Safety and Security
Others surround you. It is very safe. There may be cameras in the main areas and security on the premises. At all times, you’re near someone in case you need them. For general safety, there are numerous safety benefits to living in an apartment.
Potential Community
Though you may not connect with every neighbour, an apartment complex often brings a sense of community. Seeing the same group of people daily is a chance to make friends and acquaintances, potentially forming strong connections.
You Still Have Lots of Privacy
An apartment is not communal. We all value our privacy. In an apartment, you certainly get yours. It’s an opportunity to live on your terms.
Amenities
Modern luxury apartments have a blissful wealth of amenities available to residents included in their monthly rent. That said, many older and cheaper apartments may not have a long list of amenities. Services vary. If amenities are important to you, write down the specific conveniences that appeal to you.
Focus On You
Let living in an apartment be a new start. Take full control that you may be surrounded by amenities in and outside your building, from restaurants to gyms, pools, steam rooms and saunas, gardens, laundry facilities, and more. Have fun. Explore. Learn about you and what you like!
Lots of Different People
An apartment complex is never strictly dedicated to any one type of person. You will most likely meet people like yourself, families, young professionals, seniors, people who have downsized, newcomers to the area or Canada, and more.
This can mean making all sorts of friends and acquaintances, as we already mentioned, but from all walks of life, which can be very helpful if you’re new to the area.
Save Money
Add money to your savings. Living in an apartment, you don’t have to pay for maintenance, amenities are often free, and the cost of living is lower than what you would pay in many cases for modern housing.
Less Clutter
The smaller square footage of many apartments, even luxury apartments, allows you to determine what is worth keeping and what isn’t. This amounts to less clutter, more organization, and better living.
Accessibility
Apartments must adhere to accessibility standards. If you have mobility issues or are in a wheelchair, often, apartments have the accommodations you need to feel safe, secure, and welcomed.
