Should You Buy a House or Rent an Apartment?

Couple Choosing Between Home and ApartmentMaybe you are confused in choosing between a house or apartment to live. Buying property both houses and apartments is the biggest purchase in our lives. Each has advantages and disadvantages that vary, making us  confused whether we should buy a house or an apartment. Here are eight things you should consider before deciding what to choose:

1. Location
The first aspect to consider in buying property is location. If the location is a major factor according to you, them choose an apartment since almost all apartments are built in a strategic area which is adjacent to offices, education facility, shopping center, and so forth. Apartments are suitable for office workers in order to facilitate the day-to-day activities, such as work. A house could also be an option. Yet, a house located in a strategic area must be much expensive.

2. Price
The most significant difference between houses and apartments is the price. Consider the price offered by the house sellers and apartment sellers, and think about the positive and negative aspects.

3. Comfort
If you prioritize comfort, then the choice must be a house. By buying a house that has an area larger than the apartment building, you will have a more comfortable place to live in with family. In fact you could have a yard, garage, gardens and even a private swimming pool at home.

4. Investment

In terms of investment, buying a house or apartment is equally beneficial since both of their prices will always increase. The question is, which one is more beneficial? It all depends on many factors. In large cities, having an apartment is a profitable investment alternative. In addition to the price which always rises. apartments can be rented out. It would be different from small towns in which people still prefer living in a house rather than a rented apartment unit.

5. Privacy
Sometimes you must want to have a place to stay away from the distractions of people in the neighborhood. You might want a quiet and peaceful place. Apartment is usually an option for a more privacy because most people who live in apartments are the ones who are busy with their work thus having no time to socialize.

6. Facilities
Apartments become the first choice in this case. Almost all apartments have facilities such as tennis courts, playground for children, swimming pool, sauna, fitness center and so forth. And all these facilities can be used free of charge.

7. Maintenance costs 
This factor is quite important to note because maintenance cost is something you will deal with periodically. When you stay in a house, there will be a lot of kinds of dues to be paid ranging from security, hygiene, electricity, telephone, grass cutter, and the like. On the other hand, if you live in an apartment unit, you just need to pay it once per month. There are even apartment managers who charge per six months for the maintenance costs. Yet, the total care costs of apartments are indeed more expensive in comparison to houses.

8. Security
Security here deals with the risk of natural disasters, such as earthquakes or fire disaster. In this case, apartments are less safe compared to houses due to the building designs.

Those are the eight consideration you should take when you are confused to buy a house or an apartment. Discuss it with your partner, children, or anyone who live with you since everyone might have different ideas. Good luck.

Image credit: forestconstruction.com 

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