Benefits of Living in Apartments

The first benefit of living in an apartment is the financial aspect of renting. Rent is generally cheaper than a mortgage. In addition to an overall lower monthly payment, other financial components such as upkeep and utilities are usually lower because of the smaller space and the overall responsibility of a landlord/owner versus a tenant.

Unlike houses, apartment complexes are generally built with specific amenities such as pools, gyms, convenience stores, and laundry facilities directly on the premises or nearby. Although you could always have these elements built into your home, the financial obligation is not as rewarding. Apartment living can prove to be a very convenient living arrangement.

Although homeowners often invest in some form of home security system or another, apartment complexes also invest in the overall safety of their residents. The proximity of neighbors (in contrast to being the only one in a house at any given moment) and typical apartment complex safety measures prove that multi-unit dwellings are the safest locations for single women, children, families, and the elderly.

Apartment proportions are, simply put, convenient. A newly graduated college student generally looks for a place to call home; a living room, bedroom, bathroom, and maybe a kitchen for show. This space does not have to be large and lavish; it just needs to feel safe and quaint (even for the guys). This same basic need is apparent in most people, college kids, single women, bachelor and even friends who choose to live as roommates.

Another great benefit of apartment living is the social implications of the close proximity and connections one develops during residency. Although a sense of community exists in rural and suburban areas, the proximity of apartment life enhances the probability of creating lifelong relationships.

The financial benefits discussed here are gateways to our future. While we endure less burden and responsibility while renting, this is the opportune time to invest in your future. Placing the money saved into a “rainy day” account can be the beginning of a brighter financial outlook.

Prestige Lavender Fields is a prelaunch apartment by Prestige Group.