Introduction
In this 21st century, people prefer to have modern lifestyle choices. Among all the options, apartments have gained immense recognition as they have transformed the way people live. Moreover, an apartment is a perfect investment choice from all the property types due to its affordability, lower maintenance cost, convenient location, and topnotch facilities.
Therefore, if you are a young professional who just started his/her career, a student seeking a place to easily access your institute, or a retiree looking for a peaceful living space, an apartment is your best option. An apartment is a perfect choice because it is close to necessities like grocery shops, restaurants, public transportation, etc. So, without waiting further, let’s go ahead and learn what is an apartment and how an apartment is different from a flat.
What is an Apartment?
The apartment word is derived from French, Italian, and Latin. From the French perspective, ‘appartement’ refers to private rooms within a house that a family or an individual easily uses. From the Italian perspective, the word ‘appartamento’ simply means separate place. On the other hand, from a Latin perspective, ‘partem’ refers to a piece or division. As a result, these all together make the word apartment.
The prominent features of an apartment are as follows:
- Parking area
- 24/7 security
- Huge windows
- Laundry facilities
- High-speed internet
- Maintenance services
- Beautiful views of the city
- Top-quality finishes and appliances
- Lavish bedroom, bathrooms, and kitchen
- 24/7 availability of basic life amenities like water, gas, and electricity
Types of Apartments
As the world grows, the demand and trends of housing living are conveniently turning towards apartments. However, apartments are of different types. So, wisely choose the best kind of apartments considering your needs, budget, convenience, and lifestyle preferences. Have a look at the different types of apartments to get to know more about apartment features:
- Studio Apartment
- Loft Apartment
- Highrise Apartment
- Lowrise Apartment
- Garden Apartment
- Duplex Apartment
- Penthouse Apartment
- Railroad Apartment
- Micro Apartment
- Basement Apartment
1: Studio Apartment
If you’re wondering what is a studio apartment, it is to let you know that it is a compact living space with an open layout. It is a single room where the living room, sleeping room, and eating space are combined. However, it is comprised of a separate bathroom and kitchen area.
In addition, studio apartments are gaining huge popularity around the globe due to several factors, especially affordable rent. Moreover, this apartment is an ideal option because it ensures easy convenience for the residents. As a wise investor, you are well aware that less space is easy to decorate and clean.
Thus, buying this apartment type can be beneficial for you as you will be able to clean it without paying a huge amount to others to clean your home. So, if you are interested in having your own apartment, you must go for this Studio Apartment.
Have a look at the top features of studio apartments:
- Open floor plan
- No divided walls
- Combined living spaces
- Separate bathroom
- Space efficiency
- Great potential for storage
- Cost-effective
2: Loft Apartment
Lofts apartments are well-known for their exclusive single-room layout. It offers plenty of space without the traditional room divisions. This loft apartment is special because its high ceilings provide an airy and open atmosphere, generating a sense of volume within the living space.
Additionally, loft apartments are also famous for their large open space, interior walls, large windows, providing ample natural light with a great cool setting. The beauty of brick walls and support beams further enhances the aesthetic touch of the apartment, reflecting the building’s overall appearance. Check out the following features of the loft apartment to get to know more about this type:
- High ceiling
- Open layout
- Huge windows
- Natural lights
- Prevention from storage problem
3: Highrise Apartment
From its name, you can guess that “highrise” refers to structures that are taller than the average buildings. It is usually defined as one or 7 stories or more. This high rise building is known for its height and usually needs elevators to move from one floor to another. Furthermore, the greatest feature of this multi-floor apartment is that as it stands tall, you can enjoy the phenomenal city views.
Despite that, it also offers the residents easy access to restaurants, fitness centres, rooftop terraces, etc. So, if you are daring and like to live in the top building, you better go for this type of apartment. Have a look at the features of highrise apartments to learn more about this type:
- Modern facilities
- Better privacy
- Outstanding views
- Balcony
- Elevator
- 24/7 security
- Fire safety
4: Lowrise Apartment
As opposed to highrise apartments, the lowrise apartment is a building comprised of a few stories tall, usually one to four stories. The great feature of this apartment type is that it features patios, beautiful gardens, and balconies, allowing residents access to the outdoor living spaces.
Additionally, if you are among those looking for a peaceful environment, a lowrise apartment is a good option as you can find it in quiet places where you can get rid of traffic or other noise. Check out the following features of the lowrise apartment so that you get to know more about this type, which might help you make a better choice for living options.
- Lower rent potential
- Easy access to green spaces
- Calm environment
- Personalized services
- Better privacy
- Sense of belonging
5: Duplex Apartment
The most popular duplex apartment has become the favourite of most people these days. Moreover, the term Duplex means “Two”. So, it refers to a residential building which is divided into two separate units. Each unit in the duplex apartment has its own entrance and living spaces.
In addition, the two units are stacked on top of each other, or it is arranged side by side. However, you can always see a common wall that has divided them. Furthermore, a duplex apartment offers a phenomenal combination of luxury, privacy, and financial stability. Explore the features of duplex apartments to know why it is a great option for you to choose.
- Shared walls
- Better sense of privacy
- Offer potential for rental income
- Lower maintenance cost
- More space
6: Garden Apartment
From its name, you can guess that this apartment type can be found on the ground floor of a building which offers direct access to shared gardens. Moreover, those seeking a peaceful and calm space can choose a garden apartment for living purposes as it is surrounded by beautiful green spaces such as lawns, trees, and gardens.
Furthermore, you can find garden apartments in lowrise buildings, which contain more than three stories high. The best thing about this garden apartment is that it provides a perfect sense of belongingness to nature and green spaces, making it extraordinarily appealing to residents. Discover the features of garden apartments to get aware of this apartment type even more:
- Access to green spaces
- Security and privacy
- Nature-friendly
- Swimming pools
- Gym
7: Penthouse Apartment
A penthouse apartment is the most luxurious apartment type which you can find on the top floor of the building. The prominent feature that makes it a perfect choice is that it offers stunning views from the top. The penthouse apartment is known for its exceptional finishes, huge living space, and topnotch amenities.
In addition, you might be well aware that penthouses are the most expensive apartment type due to their features and exclusive lifestyle. However, the price might be high but the quality will never fail. It is truly worth your payment. So, buy it now and start your dream life. Have a look at the features of a penthouse apartment, which will let you know more:
- Private elevators
- Phenomenal views from the top
- Top-class amenities
- High-end finishes
- Security
- Privacy
8: Railroad Apartment
The Railroad Apartment refers to the series of rooms which are connected to each other in a line. It is most commonly famous in countries like New York City, San Francisco and many more. Moreover, if we talk about the characteristics of railroad apartments, it is gaining huge recognition due to its stunning interior and exterior.
Additionally, a railroad apartment contains two rooms, one living room, and a beautiful kitchen located either in the middle of the apartment or at the end. Furthermore, the cozy apartment comes at an affordable price. However, its rates still depend on the country, city, and rental market. So, check the features of railroad apartments to know more about this apartment type:
- Long and narrow
- Reasonable rates
- Simple living
- Natural light
- No wasted space
- Privacy
- Availability of storage rooms
9: Micro Apartment
As its name suggests, it is a small yet single-room which combines areas like sleeping, living, and dining areas. The great feature of a micro-apartment is that it offers a hidden space, which is a great built-in solution for wall shelves and under-bed storage.
Moreover, despite these features, micro-apartments are quite affordable, which you can find in prime locations. It also provides access to shared facilities such as communal kitchens or rooftop gardens. Micro apartments also offer multi-functional furniture where you can easily fold items like tables or convertible sofas. So, explore the features of micro apartments for more details:
- Flexible storage
- Shared facilities
- Combined areas
- Beautiful balcony
- Easy convenience
- Affordable price
10: Basement Apartment
The basement apartment can be found below ground level and within a huge building or house. Moreover, it is similar to a regular apartment with bedrooms, living areas, and bathrooms, but they generally have limited natural light. Also, the basement apartment has its own entrance.
In addition, this apartment is quite popular as it offers many advantages, like increased property value, affordable rates, and additional income. So, if you are interested in this apartment type, then invest now. Check out the features of the basement apartment to get to know more about it:
- Separate entrance
- Safety and privacy
- Rental income
- Dark and quiet
What is the Difference Between a Flat and an Apartment?
The usage of flats and apartments depends on the region. For instance, Americans mostly use the term ‘apartment’ whereas the British mostly use the term ‘flat’. However, if you are still seeking the difference between Apartment vs flat then check out the following points:
Flat
- Flat refers to a self-contained living unit which you can come across within a larger building.
- The term is mostly used by the British
- It can be found on a single floor
- It is quite an affordable housing option
Apartment
- It refers to a unit which you can find in a larger building, sometimes with a highrise connotation
- It is mostly used by American
- Apartments can be multi-storeyed in some cases
- It is related to luxury units
Pros and Cons of Living in an Apartment
Have a look at the advantages and disadvantages of apartments:
Pros
1: Affordability/flexibility
There is no doubt that an apartment is far more affordable than a house. Moreover, the best thing is that you can own a lavish apartment by choosing from a shorter-term or long-term lease for rentals, depending on your requirements.
2: Access to numerous amenities
Living in the apartment has numerous benefits, including access to amenities like security, parking, and trash pickup. Also, the plus point is that some apartment communities offer an incredible-site fitness center, swimming pools, sports courts, and many more.
3: Units are move-in ready
The good feature of apartment living is that before you move into your dream apartment, it will be thoroughly clean and have fresh paint and brand-new carpet. So, it simply means you will not be required to have a huge cost on decorating or managing the other expenses.
4: Expenses are typically fixed
Renting an apartment is a better option for many people as it is a great yet accessible option than owning a house, as its upfront cost is typically a security deposit and the first month’s rent. So, if you have a limited budget, you better go for an apartment to save your money for the future.
5: No hassling with maintenance
The greatest benefit of apartment living is that you will not be required to think about the maintenance of your apartment over time. Instead, the landlord will take care of all maintenance, like repairing a garbage disposal.
Cons
1: Lack of Parking
Parking is a major problem most people come across while living in apartments. Parking also causes an issue for visitors as some areas need permits or payment for street parking.
2: Limited privacy
The other issue with the apartment living is the lack of privacy or limited privacy. This means that you’ll likely share walls with others, which means you will have people living above and/or below you. So, whether you want it or not, it will lead to more noise and less privacy.
3: Restrictions
If you are a pet lover, then it is unfortunate to say that most apartments don’t allow renters to have pets. They have strict guidelines about how many and what types of pets you can keep in your apartment. So, think about this factor before choosing your apartment.
4: Lack of Personalization
Most owners don’t allow the renters to paint walls, modify the apartment’s overall appearance, or even change appliances or install fixtures, including window treatments. However, if you want to do it, you will be required to ask for corporate approval.
5: Limited Expansion
It is crucial to note that no matter whether you have your own apartment, it can still be challenging to add on or remodel as you share walls with your neighbours. So, whether you want it or not, you’ll have limited expansion even if you buy the unit next door.
Who are Apartments Best Suited For?
Apartments are suitable for families with limited members, young professionals, couples, those who don’t want the obligation of a mortgage, or those who want privacy. Apartment living offers flexibility, affordability, and access to facilities such as gyms, pools, community spaces, parks, parking spaces, etc, making it a perfect choice for investment.
Tips for Buying an Apartment
Check out the following best tips for buying an apartment before making an investment:
- Before buying your favorite type of apartment in any country or project, make sure to first check out your budget so that it does not pinch your pocket.
- When deciding to purchase the apartment, be wise and ask as many questions as possible until and unless you don’t get satisfaction with the asset you want to own.
- If you come across your preferred apartment type that has left you with the last option to buy as it is perfectly an ideal option for you in every aspect, then you better talk with the banks for loan approvals if you don’t have the entire money.
- Act smart and look after the property’s legal check. Also, make sure to ask for all the right papers for approval from the concerned authorities.
- You must make an agreement with the owner, developer, or builder when you are done paying the token amount.
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Conclusion
There is no doubt that deciding where to live is a crucial choice or decision that can impact your lifestyle in many different ways. Therefore, don’t rush; do your market research, check your budget, and consult a reliable real estate agent to help you make a sound decision. So, keep in mind all the pros and cons of apartment types and choose the one that fits your needs. With Islamabad’s market growing at 15% yearly, now is the best time to invest!
Furthermore, we at Nexus Ideas recommend that if you are living in Pakistan or planning to move to your hometown, you better buy a luxurious lake-facing apartment in Park View City Downtown Islamabad. The price of the apartment in this project is quite affordable. So, buy your apartment here and enjoy the mesmerizing views of dancing fountains from your terrace.
