Updated: Feb 16
We know that every decision has its pros and cons and living in an apartment complex is no
different. From understanding your budget and where you would prefer to live, to what is
more important to you? The amenities or the inside of the apartment? There is always going
to be a trade-off.
Let’s dive into a few key questions that everyone always asks concerning the reasons to live
in an apartment complex.
Other topics you might like:
I. What is an Apartment Complex?
Living in complexes is growing in popularity among young adults, families, and retired
persons, but what are these units exactly, and why are more people investing in them?
An apartment complex consists of one or more buildings or apartments located in a small or
large unit. It is owned by a single property owner or association. Complexes are likened to
gated communities where residents benefit from the shared access of amenities such as
swimming pools, and private entertainment areas.
While complexes include living in close proximity to neighbors, it is governed by an
association and includes regulations to protect the rights and privacy of all tenants.
Complexes are also considered a safer alternative with most including round the clock
security and monitored or authorized access.
Many different types of apartment complexes exist in the USA from retirement and family
complexes to single apartments. Depending on your living requirements, you can find the
ideal complex to complement your lifestyle and affordability. Apartment complexes offer
unique amenities with some including swimming pools and public gyms and other private
tennis courts and lounge areas.
II. Why is Living in an Apartment Better?
The convenience, safety, and the value of living in an apartment complex are among the
many reasons such residencies are growing in demand. An apartment complex offers a
lifestyle. It is more than a home as it caters to the interests of its residents whether it
provides well-maintained amenities or spacious interiors with immaculate finishes. Over the
last 50 years, rental properties have skyrocketed in the US compared to general house sales.
From young upcoming property owners to retired couples, a significant part of investing in
an apartment complex is the financial opportunity it provides. Owing to a lack of
maintenance, needed with the sale of a house, there are greater savings, peace of mind your
property is safeguarded against intruders, and a simpler lifestyle for those who do not
desire the responsibility of managing a residential property.
From complexes designed for comfort and to accommodate the needs of the family to high-end units with access control, living in an apartment is fast becoming the better and the smarter choice for both short and long term purposes.
III. What are the Advantages and Disadvantages of Living in an Apartment?
The different styles and features of properties cater to different lifestyles and life stages. If
you are a young professional, looking to start a new family or wish to live in the city center,
a local apartment could be just what you need.
For apartment living, tenants enjoy its simple upkeep and affordable monthly rent;
however, an apartment complex may not be suited to everyone. We take a closer look at
the advantages and the possible disadvantages of living in an apartment:
IV. The Advantages of Living in an Apartment
Apartment rentals are more affordable and accessible compared to seeking a home loan
and making mortgage payments.
Apartment complexes are managed by a body corporate or association ensuring general
maintenance from garden areas to repainting are taken of. The onus does not lie on you to
perform these maintenance tasks.
Essential Services Management
Plumbing, electrical, and related household services are managed by the landlord or
property owner. This reduces out-of-pocket expenses including monthly home insurance.
Depending on the apartment complex, you could readily access the available amenities.
Modern apartments offer access to swimming pools, child daycare, play areas for kids,
storage, security monitoring, and controlled access, and laundry services.
Apartment owners can benefit from the flexible lifestyle complexes offer. Rather than
commit to a single stand, you can rent an apartment across the coast in the summer, and as
your lifestyle changes, upscale your city living. It depends on the conditions of your lease.
V. The Disadvantages of Living in an Apartment
If you are moving from a house to an apartment, significant downscaling of furniture and
general goods is a must. You receive less square footage than you would with a house. One
could argue that an apartment is for a minimalist lifestyle.
Communal areas mean less privacy concerning outdoor activities, no yard, and depending
on the apartment, no balcony.
Permission to Make Changes
To perform any changes to the existing apartment, you must be granted permission by the
landlord. Whether hanging a painting or changing the wall color, always consult with the
property owner or manager prior to modifications.
Short Term Living
It is often dependent on a lease agreement unless you are purchasing the apartment.
VI. What are the Disadvantages of Living in a House?
Now that we’ve explored the pros and cons of living in an apartment, investigating the
reasons more people are looking to the apartment lifestyle requires a look at the
disadvantages of living in a house.
Owning a home is expensive. For most people, it is difficult to qualify for a home loan or
mortgage which limits their options concerning property size, location, and features. The
monthly payments concerning a home, are unaffordable for many single working
professionals, entrepreneurs, couples, and new families.
You are responsible for all costs, maintenance, and upkeep of the property. From gardening
and landscaping to plumbing, electrical and general damages, these out of pocket expenses
are the responsibility of the homeowner.
Any hidden roof, flooring, and plumbing or electrical issues that become apparent after the
sale, and you will be required to cover the cost. A property inspection is one way you can
minimize such costly surprises.
Purchasing a house is generally expensive but if you have an affluent location in mind, this
could send your budget through the roof! Homes in specific areas can be few and far
between. You may wait months to years for a property to become available in a specific
VII. Is Living in an Apartment Safe?
Living in an apartment complex is one of the safest moves you could make! Most apartment
complexes have round the clock access control or manned security. Most intruders would
find it incredibly difficult if not challenging, to make their way past the security monitors and
pin codes needed to gain initial access. This is only one of the many safety features you can
rely on when seeking residence in apartments.
Most complexes have CCTV installed. This includes 24-hour surveillance of common areas. Theft and burglaries are lowest in surveyed complexes, as intruders would have to pass access control, stairwells, and multiple apartment doors before making their way in and out.
In the event of a fire, extinguishers are available around the complex, making it easier to control flame spread before it causes major damage. Ensure your selection of high rise building possesses the necessary fire safety certification.
Storage facilities and garages will keep your vehicles and valuables safe from access and prying eyes.
Play areas for children within the complex are also safer than if they were to venture into a public park.
Apartments also possess security lights that burn through the night and maximize exposure.
VIII. How Can I Enjoy Living in an Apartment?
Simple and Minimalist Living
Living in a house, it is easy to become overwhelmed and frustrated by the clutter.
Apartments have less square footage making for a minimalist lifestyle. You can also lock up
and go, with peace of mind that your valuables will be safe. Living in an apartment simply
makes for easier living.
Belong to a Community
For many people, a sense of community is an important part of determining where to stay.
Apartments offer a strong sense of community with many offering local activities to get to
know your neighbors, fun-day events, and communal areas that are shared encouraging a
More Time to Do What You Love
With maintenance taken care of by your landlord or body corporate, you have more time
and more cash, to do the things you love.
IX. Why Is It Important to Read a Rental Agreement Closely?
It is important to read a rental agreement to avoid missing any fine print. Understanding all
the details before you sign could save time, money, and much heartache at the end of the
Read the Document in Its Entirety
While pages of verbiage may not be a fun thing to do, it is a necessary one. Read through all
paragraphs to avoid being caught by any hidden terms in your lease.
Don’t Take Their Word for It
When interacting with landlords or property managers, do not merely take their word as
surety. Investigate and read before signing on the dotted line.