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Jakarta Post

3 reasons why apartments are best for first-time home owners

Choosing between a house or an apartment as a first home can be rather intimidating, especially for those living in big cities.

Inforial (The Jakarta Post)
Jakarta, Indonesia
Mon, August 29, 2016

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3 reasons why apartments are best for first-time home owners Photo: Courtesy of Lifull (-/-)

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hoosing between a house or an apartment as a first home can be rather intimidating, especially for those living in big cities. When people talk about picking the ideal home, desirable qualities typically include a strategic and accessible location, an affordable price and a safe and comfortable environment. Sadly, the fact of the matter is, having a house that meets all of these requirements is impossible in a big city like Jakarta.

So what about an apartment? Obviously, this type of dwelling is far more affordable even when located in a city center. In addition, apartment owners typically get to enjoy extra facilities, such as a swimming pool and a fitness center, which don't come with a house. But beyond such things, there are also three other important reasons why an apartment is the best choice of home for city dwellers.

1. Low maintenance fees

When you own an apartment, one of the most important things to consider is the cost of taking care of the interior, furniture and balcony. Compared to the upkeep on a house, maintenance fees for these things are far lower for an apartment.

Aside from being cheaper, apartment owners also don't have to worry about things such as cutting the grass or cleaning the gutters. This leaves you with plenty of spare time to spend with your family or to catch up on unfinished business on the weekend.

2. High-quality renovations with minimum fees

When buying your first home, you will most likely want to add things like carpet or wallpaper to make the place more homely and comfortable. Some may even want to go further and do major renovations, such as a complete interior overhaul.

In this regard, apartments win yet again. You just spent a lot of money on buying your first residence. At this point, you probably have barely any funds left for renovations. With an apartment, even the biggest renovation is far cheaper than for a house.

Imagine the cost of a major renovation for a house. It involves external changes such as door frames, additions to the capacity of the septic tank, replacing bathroom accessories, building fences, installing canopies and many other things. How much money would all this cost? And this is just the external renovation. What about the interior renovation?

3. Property investment potential

The first dwelling you buy surely won't be your last, right? You may become bored in the future and find yourself in need of another place to stay. So when you buy your first dwelling, be sure to take into account its future economic value.

There are two ways of making a profitable investment with an apartment: through renting and reselling. The first option means you can rent out the apartment for a certain time period. If your apartment is close to a business center, there will surely be a lot of foreign and local tenants in need of a temporary place to stay.

The second option would mean selling the place and giving up your ownership rights. In order to do well with selling your apartment, you need to add up all the fees you paid from when you first bought the apartment. Be careful not to incur any losses.

These are three major reasons why an apartment makes for the best place to live for first-time home buyers. Have you considered buying an apartment? Then pay a visit to property portal Lifull.ID. It comes equipped with advanced search features and allows you to get information on apartments for sale in Jakarta and other major cities in Indonesia. You can find out everything you need to know about rentable apartments and new apartments built by renowned developers.

The site also contains information on homes being sold on the secondary market, as well as on housing complexes and office space.

 

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