According to a generally-held myth, a “nice home” involves extremely generous square footage as well as an extensive lawn to surround it. Without thinking, most of us would agree.
A moment’s analysis will confirm there will be a tremendous amount of upkeep within this arrangement. Most people who live in such properties today hire help to maintain the residence and the grounds.
In addition, there is often very little interaction between neighbors after the garage door has closed. Residents may live down the street from each for decades and never recognize their neighbors.
While you may not get to know all your neighbors in an apartment rental, you will usually have more social interaction. Most likely you will find a friendly acquaintance at least. You will also be able to rent a place in a better neighborhood than you would be able to buy into.
Times have changed, and continue to do so. A dense population can be much gentler on the environment; residents’ utility bills are lower. A maintenance department takes the personal financial crisis out of a failed air conditioning or plumbing system. Specific green spaces can be enjoyed by many (who are also relieved of the chore of mowing).
Apartment living does not have to mean “temporary.” Apartment living is a necessity in densely populated areas and it is becoming more popular everywhere.
Once, the purchase and care of the home was a paramount budget item. Today you might rather lease a BMW or travel or just plain save money. Apartment living keeps one more financially flexible to participate in a world of options beyond the 30-year mortgage. Contact us for detailed information.