But beyond space, there a few things to think about when considering moving from a house to an apartment.
You’ll have less space everywhere – period
Everyone knows your biggest “con” is having less space. However, some might see this as a pro. You’ll need less furniture and can live more minimally. That’s a plus, right? But you’ll need to plan accordingly. You likely won’t be able to fit all of your belonging’s in the apartment that you previously had in your house.
You might need to sell some of your previous heavy duty furniture and buy new stuff for the smaller apartment. Less closet space means you’ll have to purge your closet. And fewer kitchen cabinets means letting go of some of your smaller appliances.
Some choose to invest in storage space until they figure out what they’re going to do with some of their stuff. There are things you may not be able to part with, but you know they won’t fit in your apartment. For example, where can you store your paddle-board? Is there enough room in the tiny hall closet? These are important things to consider when downsizing from a house to an apartment.
Your pets might miss having a big yard
Have a lot of furry family members? Remember, many apartments don’t have yards for pets. When shopping for an apartment, keep this in mind and make sure you pick a place that has suitable pet amenities for your family.
Apartments aren’t always the ideal place for furry families, but you can probably find a complex that has a dog park that will suffice and do the job. Or you could try to find a place close to public parks and nature trails.
Your neighbors will be very close to you
When you live in an apartment building, you share a lot of walls with your neighbors. This is usually a big change for tenants coming from a house in a traditional neighborhood.
In a house, you aren’t as close to your neighbors and you don’t have to deal with things like noise complaints or parties. Picking a corner unit or a unit not in the middle of the building can help alleviate some of these apartment anxieties for new apartment renters.
Your rent could increase every year
Mortgages are pretty standard when it comes to costs and taxes. You know what you have to pay each month and you pay it. Even renting a house from a landlord is easily negotiable at times.
But when you rent from a property management company in an apartment complex, your rent could and will likely increase each year. This is something to note, so you aren’t blindsided when your complex sends you your renewal at the end of the year.
As you can tell, there are a lot of pros and cons to consider when downsizing. Although apartments are smaller and in closer quarters, you also have access to great community amenities and not being financially responsible for household things such as yard work and major repairs. Apartments allow individuals and families to live more simply and efficiently.