When people think of buying a new property, they often get stuck in making a choice between an individual house and an apartment. There was a time when people used to think of having a home in Australia on large acres of land. However, due to an increase in the population and increasing cost of materials, the concept of apartment living has become popular nationwide. Before you start looking for apartments and individual homes for sale, you need to understand the key advantages of both these options.
Have a look at some key features that will help you weigh up your options.
Costs
The floor plan of an apartment or unit is usually smaller than that of a house. This means that living in a 3-bedroom apartment is more cost effective, especially for its utility bills and maintenance costs. Even compared to most individual houses, the cost of 3 bedroom apartments for sale is lower as the cost of building ceilings, boundary walls, common areas and other places are shared by different owners of the apartment buildings.
Maintenance
Owning an individual home comes with several maintenance-related issues. In this place, owning an apartment means that all the issues surrounding maintenance will be shared by other residents of the apartment building. It has been seen that houses with higher maintenance cost higher than other properties.
Lifestyle implications
Most people find apartment living much simpler and easier than other options due to ease of maintenance. Nowadays, most apartments are located closer to transport and necessary amenities such as schools, office, marketplaces and so on.
On the other hand, most people consider looking for homes for sale, especially when they want to live close to nature, in some suburb location far from the hustle and bustle of the city. Living in a home means you will have full access to your garden or keep your pet. Here, you don’t need to follow the rules and regulations determined as per the owner’s corporation of apartments.
Security
Most apartments have numerous entrances along with the main block entry system. Also, the residents have access to a gated entry to their separate door and an elevator. It means that living in an apartment ensures greater security. After all, it is not possible for every homeowner to accommodate added security for his or her homes.
