Apartment Living

ABQCOWBOY

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There may come a time when I have to live in an apartment type setting but hopefully, the Wife and I are a few years away from that.

About three years ago, heck, in fact 3 years ago almost to the day, we moved from a 4500 Square foot house to a 2500 square foot house. We did it because we were getting older and the last of the kids was about 6 months from moving out. Downsize was the thing to do we decided. The thing of it was that it was really hard to go to a place with less room, furniture didn't fit, not as much room for so many things you collect over the years. I could not imagine not having enough room for tools, work shop, garage etc. There was certainly a time in my life when I didn't have those things but that was some time ago. That's the thing that I would guess, would be hardest for me.
 

Reverend Conehead

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I live in an apartment. Here's what I like about it:
1. No yard upkeep -- they handle it.
2. They handle all maintenance.
3. Includes a clubhouse with a pool, fancy kitchen, and workout room.
4. They use a dog DNA identifying system and fine anyone $300 who lets their dog poop on the grounds. Hence, there is ZERO dog poop anywhere.
5. My building is non-smoking.
6. I also have my own garage.

What I don't like:
1. Rent is equity down the toilet.
 

Runwildboys

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I live in an apartment. Here's what I like about it:
1. No yard upkeep -- they handle it.
2. They handle all maintenance.
3. Includes a clubhouse with a pool, fancy kitchen, and workout room.
4. They use a dog DNA identifying system and fine anyone $300 who lets their dog poop on the grounds. Hence, there is ZERO dog poop anywhere.
5. My building is non-smoking.
6. I also have my own garage.

What I don't like:
1. Rent is equity down the toilet.
That one con makes all the pros much less important.
 

YosemiteSam

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There may come a time when I have to live in an apartment type setting but hopefully, the Wife and I are a few years away from that.

About three years ago, heck, in fact 3 years ago almost to the day, we moved from a 4500 Square foot house to a 2500 square foot house. We did it because we were getting older and the last of the kids was about 6 months from moving out. Downsize was the thing to do we decided. The thing of it was that it was really hard to go to a place with less room, furniture didn't fit, not as much room for so many things you collect over the years. I could not imagine not having enough room for tools, work shop, garage etc. There was certainly a time in my life when I didn't have those things but that was some time ago. That's the thing that I would guess, would be hardest for me.

Yes! When I sold my house and went to an apartment. Not having all my power tools was like losing my wallet. I basically loaned them to a friend. Now that I just moved back into a house, it's time for that loan to end!
 

ABQCOWBOY

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Yes! When I sold my house and went to an apartment. Not having all my power tools was like losing my wallet. I basically loaned them to a friend. Now that I just moved back into a house, it's time for that loan to end!

My experience is that when you loan something out for any length of time, it almost never comes back the same, if it comes back at all. I hope your experience is different.
 

YosemiteSam

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My experience is that when you loan something out for any length of time, it almost never comes back the same, if it comes back at all. I hope your experience is different.

When I told him I was buying the house, he said let him know when he can bring them back without me saying a word. This guy is 1st class. Otherwise, in storage or sold is where they would have went.
 

JoeyBoy718

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Apartment Pros
  • Good option if you plan to move out of the city or state in the next few years
    • You do not want to be paying a mortgage payment in your current city and rent in another city while you try to sell the house.
    • Housing markets go up and down and you don't want to be in a down market when you decide to leave or sell
  • Ability to easily move when the neighborhood gets worse.
  • Lower utility bills including some that are all electric and/or include free water
  • No property taxes
  • No yard maintenance
  • No yard tool purchases or maintenance
  • No major appliance purchases or maintenance.
  • Free cable (sometimes)
  • Cheaper insurance
Apartment Cons
  • Neighbors are close .. very close
  • Neighbors are more likely to not respect other neighbors
  • You have no yard
  • No tax write-offs
  • Kids can play directly in front of your door
  • Adults can hang out and socialize directly in front of your door
  • You have to worry about sound complaints by neighbors
  • You have to worry about noise issues with neighbors and their kids
  • Vehicles more like to be broken into
  • Parking issues even when you are assigned a space as many guests do not know or care
  • Higher in-out traffic in vehicles and on foot around your apartment at all hours
  • When/if poor management personnel take over, quality of life drops considerably
  • Higher chance of losing all of your stuff (or life) to fire due to carelessness by neighbors or their kids
  • Greater chance of not receiving package shipments through wrong deliveries or packages stolen
  • More likely to be annoyed by door-to-door people ranging from security sales to kids selling stuff for school
  • Unable to make many changes to interior or exterior areas that require modifications or attachments of some kind.

These are just a few things I thought of ..

I didn't know you lived in my building.
 

lukin2006

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2 weeks from tonight I will be settling into my new home. It's not an apartment. It is a modular home but completely renovated. The land lease is $800 cheaper than what an apartment would cost me. Can not wait...
 

CouchCoach

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2 weeks from tonight I will be settling into my new home. It's not an apartment. It is a modular home but completely renovated. The land lease is $800 cheaper than what an apartment would cost me. Can not wait...
Can I come sharecrop weed? I am pretty quiet and am a qualified captain of the submarine races.
 

Chrispierce

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I am deciding between moving to another house or renting an apartment...

I haven't lived in an apartment in 30 years. If I move to an apartment I'll likely never jump back into home ownership....

For those that live in an apartment. Do you like? Or would rather own?
Depends on your lifestyle,circumstances and financial situation. Me? I’d rather do a hip new condo. I’m not for maintenance with a home,and don’t have the funds to buy one,but also don’t like apartments. So when I do get enough cash,I’m going into one of the awesome new smaller condos they keep building around I see. Super cool places...with patios on top and umbrella tables and cool chic lights and stuff. Plus the girls are cute..and I’m always about cute girls in the background for special effects.
 

lukin2006

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Depends on your lifestyle,circumstances and financial situation. Me? I’d rather do a hip new condo. I’m not for maintenance with a home,and don’t have the funds to buy one,but also don’t like apartments. So when I do get enough cash,I’m going into one of the awesome new smaller condos they keep building around I see. Super cool places...with patios on top and umbrella tables and cool chic lights and stuff. Plus the girls are cute..and I’m always about cute girls in the background for special effects.

My sister lives in a condo and loved it. I am moving to a modular home community. So all I'll have to pay is the land lease. This place is best suited for me, plus it's a small town that my wife has no connection to. I also have a dog, alab that apartment building doesn't want, even though she is better behaved than most children.

You should pursue the condo. It's better to pay down a mortgage than pay someone else's mortgage ... good vibes to you as you pursue your dreams.
 
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