Moving into your first apartment or house can seem like an exciting rite of passage into adulthood, but it’s important to consider the realities of living in either type of living space before making your decision.
While some people prefer apartments and others houses, the truth is that both types of housing have their pros and cons, depending on your personal preferences and lifestyle needs. Here are some of the main pros and cons of each type of living space to help you decide if an apartment or house might be right for you.
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Things to consider before moving out
The advantages of living on your own are many. As you get older, you want to start taking responsibility for yourself. Moving out is an excellent way to take that step, but it also means making some big decisions.
You’ll have to find and then choose between living in a house or apartment. The pros and cons of each will depend on your personal needs, so make sure you weigh them carefully before choosing where to live after college graduation. Here are some things to consider as you weigh your options
Renting your own place
Rental prices vary widely, but even in Manhattan you can rent a one-bedroom apartment for $2,000 or less per month. Many home owners spend thousands per year on property taxes, homeowner’s insurance, lawn care and other costs that come with home ownership.
You might not have to deal with those expenses if you live in an apartment building—while it will cost more to rent than living at home with your parents would be, you may also save money by living independently.
Fitting your lifestyle
Before deciding whether to live in a house or apartment, make sure that your lifestyle is going to work with your living space. If you have roommates, you’ll need to consider how they will get along.
You’ll also need to decide on who will be responsible for what parts of cleaning (bathrooms, kitchen, vacuuming) and maintenance (trash pickup, lawn mowing). After you figure out all those things—if it turns out you can live together happily—then consider other options: Are you looking for more space? More solitude?
How to choose?
When it comes to deciding between buying a house or an apartment, there are several factors to consider. The biggest factor is your future plans. Are you planning on getting married? Do you have kids? What are your goals for where you want to be in five years? These questions will affect whether it’s better for you to buy or rent.
Things you should know about both
Living in a house vs. living in an apartment has a lot to do with location, lifestyle, finances, and needs. Before you decide which one is best for you, consider all of your options.
MARWOOD CONSTRUCTION is a high-end residential & commercial construction expert providing specialized general contracting services to clients in Houston, Texas. This licensed general contractor offers design-to-build services solutions for the most challenging new build and renovation needs. To learn more about this author, visit marwoodconstruction.com.
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