The Benefits of Living in an Apartment Complex

One of the most debated topics in the real estate sector is the difference between living in an apartment and an independent house, based on the pros and cons. However, it is necessary first to understand their terminologies.

An apartment is a part of a larger building, whereas an independent house (bungalow, villa, and farmhouse) stands on its own, with the landowner having ultimate authority. Speaking of which, here is the difference between living in an apartment and an independent house. 

Over the last decade, there has been a visible shift in the real estate landscape of India, especially in metro cities such as Mumbai, Delhi, Bengaluru, and Chennai. With a population of over 1.3 billion, apartment living is the only way to go forward for our country, courtesy of the limited availability of land.

There are various types of residential buildings. However, apartments lead the race ahead of individual houses, lodges, dormitories, private dwellings, and hotels. Let's dive into the benefits of living in an apartment complex without further ado. 

1. Financial Benefits

Millennials and Gen Z today are known to be the generation of renters who believe in simple and cost-effective living. Therefore, paying rent for an apartment is much more reasonable than an independent house. The cost of furnishing is much more in the case of separate houses, given the large area involved. There is no need for mortgages, down payments, or EMIs for those living in rented apartments.  

2. World-Class Amenities 

Gated residential complexes offer many amenities for their residents, with the facilities being a step further in the case of luxury apartments. Here is a look at some of the fancy/modern services offered.

• Pools, fitness centers
• Playing grounds
• Walking gardens
• Clubhouses
• Rooftop decks

3. Lesser Maintenance 

No doubt, the maintenance levels are lower for apartments, whether rented or owned, compared to an independent house. Residential apartments acquire a maintenance team consisting mainly of housekeeping, technicians, security, and administrators for their residents.

Though these services are available for those living in separate houses too, there is no uniformity in costs, coupled with availability being an issue.

4. High Tech Security Systems

Developers today take special care when it comes to the promptness of their security systems due to the growing number of crimes and thefts in today’s day and age. Gone are the days when one could just drive in to visit their friends/relatives with no questions asked. Today there are a series of protocols to be followed for visitors.

Here are some of the musts to have in residential apartments when building an effective security system.

• CCTV cameras
• Access control 
• Fire detection system, with fire extinguishers installed 
• Intrusion alarms
• Smoke detectors 

While one can install these systems in bungalows and villas too, monitoring and maintaining them is much costlier and time-consuming. 

5. Easy Living 

When it comes to living in an apartment, there is relatively less worry and responsibility, given the presence of authority in the form of the developer or landlords. One need not go running around for repairs and maintenance work with well-oiled machinery attending to the needs of all residents. Today's apartments offer designated lifts, parking, and various other services, making life simple.

In conclusion, we can say that living in an apartment is much more convenient and affordable for the common man. Nevertheless, independent houses can be an option if one wishes to live big and lavish and can afford to do so.