How Living in an Apartment Saves You Money

How Living in an Apartment Saves You Money

When you imagine luxury apartment living, saving money probably isn’t the first thing that comes to mind, but that doesn’t have to be the case. Living in an apartment can be a great way to save money on transportation costs, amenities, and so much more. If you’re ready to save some cash before buying a home, or the apartment lifestyle suits you perfectly, the following cash-conserving considerations can cut costs in your new apartment.

Cost Saving Amenities

When it comes to apartment living, nothing is more beneficial for your wallet than the wide array of free amenities at your fingertips. Consider the price you pay each month for a gym membership—usually anywhere from $40 to $100 (excluding signup fees). Any luxury apartment will have a stellar fitness center and cycle center, saving you money immediately.

Your apartment should also have a pool, so you can ditch that pool pass. The Olympic or saltwater pool at your apartment is likely much nicer and more exclusive than your community pool anyhow. You won’t have to buy a grill either, just grab your spatula and head to your outdoor grilling area to cook up your world-renowned burgers.

Apartment living can cut business expenses, too. You’ll likely have access to some sort of cyber café, so you can save money and time by working through the cloud at your café on the free high-speed internet. If your apartment has a club room or conference room, you can likely schedule a time to entertain clients. Finally, if you normally stop at Starbucks before work every morning, you can cut that out by stopping at your resident coffee bar for a Frappuccino.

Location is Key

Want to live in a premium location in a busy city? Good luck finding a house without an astronomical price tag. An apartment allows you the flexibility to live right next to work or school without the long term commitment, massive mortgage, and sky-high property taxes.

A great location also provides you with an opportunity to ditch your vehicle and go green. Most apartments are on a public transportation route and have a bike-friendly commute to most major employers in the area. You’ll get rid of a car payment and stop paying for gas which can add up to hundreds of dollars a month.

Fully Equipped Apartments

Have you ever tried to furnish a house? The cost can easily run into the thousands. Most apartments come fully equipped or at least provide all of the major appliances. Just a stove and refrigerator can run you well into a 4-figure bill. Plus, if any of those appliances break down, you have professional maintenance on hand to immediately fix it. That sounds much better than replacing the furnace or water heater in your home.