What to Know About Micro-Apartments
When it comes to properties, many of us would instantly assume that bigger is better, but according to the latest trends in real estate, micro-apartments are taking over as a much more practical and affordable housing option, especially in metropolitan areas.
With an increasing number of people moving to cities and metropolitan areas in search of higher-paying jobs, the number of affordable rental properties is going down, and one way that urban dwellers are responding to increasing rent prices is by jumping on the trend and lining up to rent a tiny apartment.
In this article, we are going to look at some of the features of micro-apartments and try to understand why this trend is growing in popularity at such a rapid pace. Before moving to an apartment you should also follow sound moving guidance with these excellent tips.
First things first, the reason why micro-apartments are so widely embraced by the younger generations, such as Millennials, is that they come at affordable prices. Burdened by the student loan debts, these young individuals want a place that fits their lifestyle without sacrificing half of their monthly income.
Starting small and embracing the tiny living concept allows the individuals to save more, and those savings can then be directed towards reaching financial goals, whether it means purchasing a car, buying a house for the first time, or, for most young individuals, paying off the burdensome student loan debt.
Aside from lower rent, small living also means lower monthly energy bills, meaning tenants are more likely to stay for longer and, in most cases, don’t even need to find a roommate to split rent and bills.
An Innovative Approach to Design
Besides being an affordable urban housing solution, micro-apartments are also quite creative in saving space and utilizing every inch and every corner to its full potential.
They may come cheap, but when it comes to appearance, micro-apartments can be quite innovative, and you’ll often see them being equipped with various small-space storage solutions as well as furniture that serves several purposes.
From Murphy beds to expanding tables and bookshelves, to furniture with built-in storage, the smart use of both vertical and horizontal spaces provides enough storage options for tenants while also upping the usability and functionality of such small spaces.
An Answer to a Modern Busy Lifestyle
Jam-packed social schedules and busy, long-hour workdays often leave us drained and in need of a good rest and relaxation, and small rental spaces can be invaluable in these situations. Whether you’re a career-focused professional, a college student, a frequent traveler, or a digital nomad, renting fully-furnished service apartments can be an ideal housing option that will allow you to recharge and get ready for the next day.
With this kind of lifestyle, you don’t need to think about burdensome chores such as cleaning and swapping the bedsheets thanks to housekeeping and linen change services that are included. In places oversees like Hong Kong, renting a fully-furnished apartment is a norm. It is not hard to understand why this is becoming more popular here in the US.
With apartment living, you can entirely focus on your professional, financial, and personal goals and use that energy and time for things that matter to you personally. Of course, it is vital to immerse yourself in understanding what to know about renting an apartment before jumping in feet first.
An Eco-Friendly Housing Option
Another benefit that comes with living in a studio is having the ability to reduce your environmental footprint and minimize the negative impact you have on the world around you. You spend less energy on keeping the place cool in the summer and warm in the winter, and the overall electricity needed to light up the apartment is minimal as well.
The micro-apartments are often designed using a minimalist approach, and since they don’t have a surplus of space for miscellaneous items, you will be less inclined to go on large shopping hauls and fill your closets, drawers, and cabinets with unnecessary stuff. Small living makes it a lot easier for eco-conscious individuals to stay on their track and continue to shop and consume in a mindful way.
A Chance to Live in a Prime Location For Less
Last but not least, micro-apartments are usually situated in very desirable locations, which is ideal for renters looking to live as close to the city center as possible. Moving to an apartment in a new city can be challenging, but there are many perks to look forward to.
The chance to live in a prime location without paying exorbitant amounts of money is practically half of the appeal of such micro-units, with several shops, gyms, stores, and other amenities easily accessible and within walking distance. They are ideal for the on-demand lifestyle many young professionals live and who wouldn’t mind trading the extensive square footage and expansive backyard for an opportunity to enjoy a vibrant locale.
Final Thoughts on Micro-Apartments
In a time when rent prices are continually rising and when finding a comfortable and affordable accommodation is becoming increasingly challenging, micro-apartments pose as a viable solution to the growing problem, many major cities are facing nowadays. They offer functionality and practicality of a larger living space while also offering convenience to the tenants regarding location and finances.
While it may not appeal or even be suitable for everybody (e.g., larger families), the micro-apartment trend is still being embraced by many, and by the looks of it as well as the housing market forecast, it is definitely here to stay.
Hopefully, you now have a better understanding of what you need to know about renting a micro-apartment.
About the author: The above article about what to know about micro-apartments was written by Chloe Taylor. Chloe is a graduated journalist from Adelaide and a regular contributor to Smooth Decorator. She loves everything related to real estate, decorating, and lifestyle topics. She is also passionate about photography.