The age-old debate of living in an apartment and a house is nowhere close to a conclusion. However, with time, more people are choosing an apartment to rent or buy since the benefits of living in an apartment are too many.
If you are still sitting on the fence and are unable to decide whether you want to check out flats in Chennai, we have some benefits of living in an apartment to look at. It will tell you why you should go for an apartment and not a house.
Maintenance is a breeze!
One of the biggest reasons why people choose apartments over houses is the ease of maintaining the former. Once you stop worrying about your home maintenance, half of your to-do list is cleared up.
Unlike apartments, owning a home comes with tons of responsibility. Think of all the repairs, tending to gardens, preventive maintenance you would need to pay while staying in a house. You might decide to hire professionals to get it done. But they will leave you with hefty bills for getting the work done. Moreover, it might require your constant supervision as well.
But if you live in an apartment, maintenance becomes the responsibility of the apartment staff. You do not have to worry about fixing broken water pipes, or repairing a leaky roof. You can enjoy the amenities without the headache of maintaining them if there is any problem.
Flats in Chennai are cheaper than houses. But there is a popular argument that claims rents are higher than the mortgage. However, most people do not look at the bigger picture. The mortgage is only a part of your expenses when you are buying a house. You need to pay property tax, a considerable amount of money as a down payment, insurance, and HOA fees. It does not stop here!
Add to it higher utility bills. If you are moving into a big house, you need more energy and hence more money to cool it or keep it warm. If your house has a yard or garden, it needs work. If you would need to hire someone to do it for you, which means more bills to pay. Or do it yourself, which takes a lot of time and effort.
In comparison to that, you only require to pay a small deposit fee before moving into your apartment. A homeowner’s insurance is no comparison to the renter’s insurance. Moreover, apartments don’t require monthly maintenance. Hence, your utility bills won’t burn a hole in your pocket.
If you compare the benefits and risks of living in a house vs an apartment, safety should be your top concern. For example, flats in Adyar are multi-dwelling units. Therefore, the added security provided to apartment owners cannot be found in a house (unless you belong to a very high-income bracket).
Most of the flats in Chennai are within gated communities with limited access, security cameras, and protection for fires. Moreover, you have immediate neighbours which is a huge benefit. In most cases, neighbours are the first to know about any mishap. They will know if anything is out of the ordinary and will be able to get in touch with the authorities.
For those living alone, or elderly people, or families with kids, such safety measures are bound to provide you with peace of mind.
Amazing facilities and amenities
Apartment living comes with amenities that most people are not able to afford while buying a house. There are many perks that apartment living can provide you, unlike most single homes. You have recreation and convenience at your doorstep- clubhouses for parties and social events, playgrounds, dedicated fitness centres, swimming pools, gardens are some of them. If you are trying to include these features in your house, the cost will sky-rocket and make it out of your reach.
Modern living in apartments in Adyar also includes facilities like movie theatres, parking space (underground), pet spas. Being an apartment owner, you can enjoy these facilities without worrying about the bills.
Besides money, most of us don’t seem to have enough time. The good news is that it is worth apartment living, you shall have more time to do what you want to. If you are living in a apartments in Manivakkam, commuting to your work shall save you time.
A cleared timetable means you can spend time with your family and friends or indulge in activities that you love but never have time for.
One can always earn more money, but time once spent does not come back. Hence choosing a lifestyle that allows more free time is priceless.
A great short-term option
For those who do not like to stay at a place for too long, apartment living is the best option. Unlike a house, an apartment provides you with the freedom of moving whenever and wherever you want.
For this reason, some apartments offer an option of a short-term lease. It can be anywhere between 3 months, 6 months, or a year. It is even better with corporate living as it is far more flexible.
A house ties you down with a mortgage. An apartment takes away this stress and complication.
To conclude, choosing an apartment is always better than a house as it makes life easy. With this list of benefits, be assured that you have made the right choice for yourself!