The disadvantages to owning an apartment vs. owning a house
Owning an apartment is already a big deal especially that it’s way easier to buy or invest in than in a whole house. Also, an apartment is a perfect first investment and first home for everyone, whereas one can get used to living alone and taking care of the daily responsibilities.
However when it comes to thinking big, then the question of buying a house would inevitably come up. In this article we will be featuring a list of disadvantages of having an apartment vs. having a house. Then, after all the decision is yours.
When you only own an apartment then the question of freedom would inevitably come up after a while especially when one starts to think big and wants to have his or her own big place, own garden and all in all a house. The question of freedom is generally one of the biggest reasons why many people decide to buy a house instead of an apartment.
Apartments are generally not that big. When it comes to getting an apartment with more than 2 bedrooms, it’s really challenging and so is the price. While a 1-2 bedroom home will do for a while, after a couple of years and especially if someone gets married and has kids, it will suddenly become way too small.
Lesser ways of renovation or reconstruction:
It’s always fun to create more space by reconstructing your home. But most apartments are designed in a specific way which makes them very hard to reconstruct in any ways, not to mention local or condominium laws which can also limit one’s abilities to reconstruct their apartment.
Having a family:
living alone in an apartment is fun but as soon as it comes to having a steady partner and especially when it comes to having kids, the apartment would suddenly become way too small for many people. That’s exactly why many people make up their mind and decide on getting a house.
Moving outside the city:
when it comes to the young generation, it’s so much fun to live in an apartment, especially if it has a central location from where all the good restaurants and party places are easily reachable. But as soon as one grows older (or has kids) the priorities will shift and you suddenly find yourself wonder how much more fun would it be to wake up hearing the birds sing instead of the cars honk. Moving out of the city is also a major motivating factor when it comes to someone deciding to buy a house.
Having your own garden and own space: what’s better a thought than having your own garden, own swimming pool and a place which is yours and yours only? Gardens are huge motivating factors when it comes to buying a house.
If you decide to use a fast home sales company and buy an apartment you can make a much better deal and can even end up buying two apartments out of the price of one house.
So, this was the list which comprises of the disadvantages of buying an apartment. I hope it will serve you with a good food of thought when it comes to deciding what to invest in, in the future.