The current health pandemic is causing disruption nationwide across most parts of the economy and the real estate sector is no exception. However, there are still buyers in the market in encouraging numbers. Their first key decisions are the preferred location of the new dwelling and whether to buy a house or an apartment.
Houses vs. Apartments – Pros and Cons
Traditionally, Australians preferred houses with generous yards, but as housing costs outstripped wages and the workforce tired of the long, daily commute to the suburbs, apartments came into favour, especially in inner city areas. There are pros and cons for both, and the proliferation of apartment blocks has given buyers more scope for choice than they had in the past.
Does a House Suit a Larger Household?
As a buyer trying to make this decision, there are a few things to consider. The size and composition of your household is one of the most important. If you have an extended family living with you, as well as pets and all the usual trappings of a group, a house is most likely your best option. Space in these situations is at a premium, so your own block of land to accommodate vehicles, hobbies and room for everyone helps to create harmony.
Apartments are Low Maintenance
While a small household with minimal possessions may also buy a house to accommodate future family expansion, they are equally likely to prefer an apartment. Many come with access to off-street parking and storage facilities, and the body corporate usually maintains the common areas. Apartments with at least one balcony also give owners the option to have a small vertical garden for those with green thumbs.
Our sales staff at Bunbury Real Estate can accommodate both types of buyers. We have the local knowledge and professionalism to listen to the needs of our buyers and find them the right property for their situation. Communication with our clients is our strength, so we don’t waste their time taking them to inspect properties that are not what they have requested.
Two More Issues – How close are Services and Lifestyle Preference?
There are two other issues important to both types of buyers. One is the proximity of their desired property to work and essential services. The second is about how the household lives in the dwelling. Do they like getting outside in their own space to unwind or prefer to draw the walls of their dwelling around them?
Emotions often get in the way of good judgement when buying a home. Buyers may have to choose between a house or an apartment, based on factual issues such as proximity to services and lifestyle preferences. Which one is more practical for your situation?