Although homeownership has long been viewed as the ultimate American dream, it’s becoming increasingly common for people to choose apartment living instead. It’s an attractive alternative to buying or renting a house for many reasons, and it’s one that caters to people of all ages.

If you’re in the midst of trying to figure out where to settle down, the helpful staff at Murphy Properties suggests weighing your options carefully. They have successfully placed numerous residents in comfortable and affordable apartment rentals throughout New London County, CT, and Washington County, RI.

Here, they explain some of the top benefits of living in an apartment:

• Affordability: Living in a home, whether it’s owned or rented, can cost much more than staying in an apartment. When you’re buying, you must factor in a down payment, closing costs, a mortgage loan, home insurance, renovations, and repairs. In addition, it generally takes more energy to heat, cool, and light the extra square footage of a house.

• Fewer Maintenance Responsibilities: Smaller apartment floor plans means it takes less time and energy to clean. Plus, all the maintenance duties you would have as a homeowner are the responsibility of the landlord or property manager. 
• Location: Location is key, no matter whether you live in an apartment or a house. There’s a good chance that renting an apartment will open up the possibility of living in a desirable neighborhood that would otherwise be unaffordable.
• Short-Term Commitment: An apartment is a great solution if you’re looking for somewhere to stay short-term. Buying a home means you’re obligated to remain in the same spot for the foreseeable future. This may not be a good situation if there’s a chance you could relocate for work or want to find adventure in another city.

If you’re looking for a new place to move into, apartment living offers a lifestyle that is definitely worth considering. Contact Murphy Properties at (860) 599-1980, or visit them online to browse the different communities they represent and view their current options for apartments for rent.