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Apartments versus houses: What is your best option?

Disclaimer: This article is translated from Departamentos versus casas ¿Cuál es tu mejor opción? originally posted on Capitalizarme.

To compare it is important to show statistics. According to the study conducted between 2007 and 2017, 10 years ago 59% of the participants preferred departments, while in 2017 the figure grew to 78%. In contrast, demand for housing went from 41% in 2007 to 22% in 2017. The report also highlighted that in the first quarter of 2007 housing offerings reached 43.1%, while in the last quarter of 2017, this figure rose to 51%.

It is also important to discuss the advantages and disadvantages of each.

Houses are more comfortable for families with children because they are generally larger and have totally private outdoor spaces. You will not have the same freedom living in an apartment as living in a house. In a house you can leave and enter without having to run into someone else, or wait for elevators.

Your privacy also intensifies. Since you will not be only a wall away from your neighbors, you will not hear discussions or noise. In a house you can use the free spaces how and when you need it, which can not be done in an apartment building.

But houses also have disadvantages. They are more expensive than apartments. You have to take care of all the maintenance. It is difficult to get one in excellent location. And security wise apartments are better.

Meanwhile, apartments can be better for young couples, students, singles, seniors, and everyone who lives a busy life and prefers to have security and comfort in the same space at a good location. Even though apartments are usually smaller than houses, you can choose the number of rooms and amenities you need. Just need to pay the bills.

In general, an apartment is cheaper and newer than a house. People only pay the corresponding services and the building is always well attended. In addition, it is a good investment since apartment leasing is very demanding. The downsides are limited outdoor spaces and annoying neighbours. And common space cannot be used at any time.

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