Why do Young Professionals Prefer Apartment Living?

Posted on 14/05/2011

The real estate market is growing by leaps and bounds. While this presents a great opportunity for individuals looking to buy houses, not all people might want to take advantage of the growing market. There are plenty of single professionals that are not yet prepared to take 30-year mortgage loans.
Relocate Anytime, Anywhere
For a newly married couple or a single professional, apartment living still provide greater benefits to owning a home. One of the best things about living in an apartment is the freedom to relocate. When you can move anywhere and anytime you want, you have better opportunities to discover a great career, locally or abroad.
Better Financial Position
Owning your own home is like settling down. After 20-25 years of schooling, most of us want to enjoy our single and professional life. We don't usually think of having our own family immediately after college. It's the same thing when deciding to own a house. Apartment renting gives you enough legroom to build good credit and save for the future.
Extra Amenities
Many apartment complexes nowadays offer amenities that are not always available for homeowners. These include gate access for security, pools and laundry equipment. No longer do you have to worry about utilities and internet access. Maintenance and repairs are often shouldered by landlords as well.