Recent statistics show that older Canadians make up the fastest growing segment of apartment renters—and the trend is not slowing down. What used to be a lifestyle optimally suited for the young—millennials today—is increasingly attractive to boomers who are looking for a ‘hands-free’ lifestyle without the stress of owning a home. Increasingly, Baby Boomers and other empty nesters are trading their single-family houses for the convenience of rental apartments, entering the multi-residence market in record numbers.
The debate over apartment vs house living is a long-standing one. Yet, with more people now renting than any point over the last 50 years, more and more people are realizing the benefits of living in an apartment. When deciding where to live, it’s best to weigh out the pros and cons. Once you do that, you just might discover the overwhelming advantages that apartment living can offer.
To help you sort through your options, let’s look at 8 reasons why you should move into an apartment instead of a house.
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Mark Fosters
1. Convenience
One of the top reasons to move into an apartment is the fact that maintenance is taken care of for you. Homeownership brings responsibility for all repairs, yard work, preventative maintenance, and the substantial costs that go with it.
At some point, especially with older homes, there will be major repair expenses such as roof, window or heating system replacement. These substantial expenses often arise unplanned and at the least opportune times.
When you live in an apartment you don’t have to worry about any of these maintenance issues. Shoveling snow, replacing a broken dishwasher, or fixing a leaky faucet is the responsibility of the apartment superintendent. All you have to do is call property maintenance if there is an issue. As a renter, you’re not responsible for maintenance and repair of items that break down or wear out, so you’ll never face that additional expense.
Most importantly, when you no longer have to worry about maintaining a property, your to-do list is non-existent. This frees up precious time for doing the things you enjoy.
2. Save Money
One of the top reasons to move into an apartment is the fact that maintenance is taken care of for you. Homeownership brings responsibility for all repairs, yard work, preventative maintenance, and the substantial costs that go with it.
At some point, especially with older homes, there will be major repair expenses such as roof, window or heating system replacement. These substantial expenses often arise unplanned and at the least opportune times.
When you live in an apartment you don’t have to worry about any of these maintenance issues. Shoveling snow, replacing a broken dishwasher, or fixing a leaky faucet is the responsibility of the apartment superintendent. All you have to do is call property maintenance if there is an issue. As a renter, you’re not responsible for maintenance and repair of items that break down or wear out, so you’ll never face that additional expense.
Most importantly, when you no longer have to worry about maintaining a property, your to-do list is non-existent. This frees up precious time for doing the things you enjoy.