Apartment living can be such a perfect solution for so many people that even the ancient Romans and Egyptians had this figured out thousands of years ago. Beautiful apartments have been uncovered in recent archeological findings, with layouts and amenities not all that different from what we would expect today! Large windows, patios, kitchens and, yes, even bathrooms – all decorated with gorgeous mosaic tiles and paints.
Some prefer apartment living because they are transferred frequently. Finding an apartment is certainly easier than finding a new home, negotiating a deal, and moving in. Still others just like to experience life in different areas and this is one way they can reduce expenses and still move around to new exciting locations.
Apartments come in all sizes, shapes and styles. High rises, garden apartments, and even two family homes can be found in big cities and tiny towns. Almost everyone has at least dreamed of moving to a large cosmopolitan city like New York and finding the perfect high rise, within walking distance of everything from work to play. Theater, restaurants, and even doctors can be found as close as in your own building or down the block. No matter what you need, it’s guaranteed to be close by.
These high rise buildings are inviting for a number of reasons including onsite laundry, security, and even beautiful views. Many have stores and coffee shops in their lobbies, and the more high end buildings offer concierge services that include errands and room service.
Obviously, this isn’t free, and to have this kind of lifestyle, you need the bank account to match. Unfortunately, many people want to try this lifestyle yet find it unmanageable quickly. Having this lifestyle can be fun and exciting, but when you realize most every penny you earn is being spent on rent, you might need to downsize your living arrangements into something your budget can more easily handle. That might be something as simple as heading to the suburbs or a less expensive section of town. For instance, there’s a big pricing difference between downtown Manhattan and China Town, yet all the amenities are the same.
Some couples purposely choose the apartment lifestyle. They have their children, maybe find a bigger apartment, but focus on complexes that are targeted at family life. Playgrounds, tennis courts, a club house, secure parking, and maybe even onsite daycare and grocery stores are all common amenities aimed at providing families everything they need.
Even some condo dwellers have given up condos in order to move into apartments. With condos you do experience pride of ownership, but you also experience “price” of ownership as well. Real estate taxes, insurance and maintenance fees can become unmanageable expenses very quickly. Condo owners have complained for years that what looked like a reasonable fee when they bought the property, turned into an outrageous amount of money within a year.
Before committing to anything, ask if they have a move in special, free rent, or reduced deposits. Rental managers know they need to compete just homeowners who are trying to sell. It’s a renter’s market out there!
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