When you decide to become a resident of Byculla, you have two options at your disposal. Either you can choose from the flats for sale in Byculla Mumbai or a home in a residential street. Selecting the best option depends on a variety of factors. And as they say, “to each his own”, everyone has a different checklist to tick on their hunt for the perfect home.
Ultimately, it all boils down on your priority and what you want out of your home. However, if you notice, apartments offer the residents with an array of benefits. And since many Indians head to Mumbai to pursue their dreams and earn a livelihood, renting/buying an apartment seems to be a more feasible option, particularly for first home buyers. And Byculla is a growing community of residential apartments.
Having said that, let’s take a look at the different benefits that apartments for rent in Chicago have to offer compared to living in a house:
1. Easy & Low Maintenance
One of the key perks of living in an apartment is low and easy maintenance. Renting apartments is a common practice among middle-class and struggling households. And when you have to live in an apartment, there is not much that you have to do in terms of yard work, repairs, and other maintenance work that leads to cost-saving.
Most of the maintenance is already covered in apartments and is the responsibility of the landlord or the corporate body. Fixing a leaky pipe or any other problem, you just have to pick up the phone and call property maintenance.
2. Amenities and Facilities
When you live in an apartment, you can enjoy an expansive range of amenities. These include swimming pools, gym, communal barbecues, covered parking, playgrounds, and a security system. You would find such amenities that you wouldn’t be able to enjoy if you were living in single homes.
Also, with time, luxurious apartment communities are emerging that offer unconventional luxuries such as movie theaters, pet spas, movie theatres, and a lot more. All of these significantly raise your lifestyle a notch.
3. Safety & Security
Safety should always be your top priority when you are considering the pros and cons of living in an apartment vs a house. Apartments are multi-unit dwellings and add to the security of the place.
Nowadays, builders and developers particularly focus on the safety and security aspects of the communities. Therefore, you would find most of the apartment complexes with gates, security guards, and controlled access. There are security cameras as well that keep an eye on who enters or leaves the area.
Neighbors living nearby is also an added security benefit. If god forbid something happens, they can hear something and inform the authorities and notice if something out of the ordinary happens. All in all, increased safety features make apartment life ideal for those who are living alone, elderly, and families with children.
4. Money-Saving
When you live in an apartment, it costs you less for cooling, healing, and utilities like electricity and water. This can be of great help with budgeting. The amount of rent is higher than mortgage payment in some cases, but they fail to see the bigger picture. The mortgage is not only the expense of moving into a house. There is a big down payment, HOA fees, insurance, and property tax. Add to this, the higher utility bills and cost of cooling/heating a large home, maintenance expenses, and watering the yard; money-saving becomes a distant dream if you are living in a home.
As for an apartment, you need a small deposit fee only. Your utility bills are reduced. And renter’s insurance is a fraction of the homeowner’s insurance without monthly maintenance expenses.
5. Community Living
Sure, you can have a close-knit community in a housing neighborhood. However, apartments have it better. Living in an apartment allows for increased opportunities for fostering a closer community. You share walls with your neighbors basically, and due to such proximity, you have a lot of opportunities to spend time together and get to know each other.
And even though you live close together, nowadays, apartment buildings administration makes special efforts to bring people closer and build healthy relationships. They arrange apartment barbecues and gatherings on other festivals such as Diwali, Holi, and other religious occasions and allow people to come and enjoy together.
6. Option for Short-Term Lease
Apartment living could be great for you if you are not someone who remains in one place for long. With an apartment, you get the freedom to move whenever you want. Numerous apartments offer short-term leases that are from 3-months, 6 months, or 12 months. You can enjoy more flexibility in case of corporate living options.
However, with a house mortgage, you spend a lot of time and money on putting your home on the market when you want to move. Also, there is the additional stress of getting enough money out of the home for effective coverage of the payable mortgage amount. In the case of an apartment, you are relieved from all such hassles.
7. Increase Savings
You not only enjoy financial benefits by living in an apartment but also get to increase your savings in the future. With running a house, it is not that easy to save. However, with apartment living, your expenses tend to be a lot smaller, allowing you to save money opening an array of possibilities for you. You can transform your dreams into reality whether it’s traveling, sending your kids to college, or save for your old age. Apartment living lets you on the financial path to achieve your long term goals.
The debate over apartment vs house living is an on-going one, Nowadays, more people are renting apartments and even buying them after realizing the benefits of living in apartments.All in all, the rising demands for 2 and 3 BHk flats in South Mumbai testifies the fact that more people are inclined towards buying/renting apartments instead of homes. With plenty of amenities around along with easy connectivity, nearby hospitals, and schools, choosing an apartment in Byculla is the right choice you make for your family.
