The dream of owning a home with a white picket fence is unlikely to become a reality for many in the UK. It is harder than ever for young people to get on the property ladder. We can still be optimistic, however, if we look at the Europeans who live in more apartments. Apartments and flats offer a more affordable alternative to traditional property and have many advantages:
Social Living
Apartment living has many advantages, including a more social atmosphere. When people share an apartment building, they feel closer to each other. They can help one another by contacting the management agent when something is broken, signing for packages, or any other emergency. There is more of a sense of community.
Smaller Space = Smaller Price
Although you won’t get as much room as if you had a house, there are still advantages. These include fewer rooms to clean, and less space to maintain, as well as lower initial costs and lower utility bills. Council tax should also be less painful. You could save money for the future.
Location
You should also consider the location of your home if you do not drive. Apartments and flats in city and town centres are more convenient for both work and leisure than buying a home in the suburbs. The cost of building houses in central areas is higher, which is why there are more apartment blocks. You can live in an apartment and be close to the action, or even walk to your job.
Amenities
Apartment blocks often have additional amenities you can’t find in a home, like shops, gyms and laundry facilities. It’s a great way to get more value for your money. You can also meet more people.
Security
People who live in apartments report feeling safer. You could have a gate with CCTV from an Electric Gate Company Cheltenham, an entry code, apartments above ground level, alarms, and doors that lock individually. Many new apartment buildings are gated, meaning only residents can enter. To find out more about an Electric Gate Company Cheltenham, visit Complete Gate.
Less Responsibility
You don’t need to worry about any maintenance issues when you live in a flat. It’s your responsibility to maintain the communal areas and lifts. You may have to pay for a monthly service fee, but it is not your issue if they are in disrepair. A management company ensures that everything is taken care of.