5 Reasons Parents Living in Apartments Decide to Invest in Houses in the Suburbs
Although apartment living has its share of comforts, many parents with young children consider investing in a house in the suburbs. While it can be a complicated process, posing several challenges, such as research, financing, moving expenses and more, many parents believe it is worth the effort for the following reasons:
#1 Residential Neighbourhoods
As a parent, one of the biggest advantages you have of investing in a house is that you can move into a residential neighborhood where your child can flourish. Suburban areas are often cleaner, quieter, and safer than the center of the city where most apartments are located. They also have lower crime rates and less traffic congestion.
Certainly, apartments are closer to a variety of businesses. However, many residential neighborhoods are growing more self-sufficient, and usually have shops, eateries, and community centers nearby.
#2 Better Schools
Parents love moving to the suburbs for access to better schools. However, this can be complicated in cities with school catchment systems, where students can only attend schools allocated to their neighborhood. That’s why many parents research schools and neighborhoods when looking to buy a new family home.
With thousands of neighbourhoods to choose from, finding the right neighbourhood with the right school can be challenging. Fortunately, you can use SchoolQ to find a neighbourhood you love near a great school for your family by taking advantage of its powerful and intuitive technology. What’s more, you can use the platform to connect with a local real estate expert who knows the neighborhood and can help you invest in the right house.
#3 Privacy
While apartments offer less privacy, houses offer mode freedom. In a house, your children can be themselves without fear of triggering noise complaints from neighbors living below, above, or on either side of your home.
#4 Space
Not only are houses more private but they’re bigger. In a larger home, your family has more space to pursue their hobbies, keep belongings, or get privacy from other family members when needed. Houses can also have backyards and lawns where children can enjoy outdoor activities. Likewise, you can have barbeques in your backyard, or socialize with friends on the patio.
Many apartments also restrict pet ownership. However, there are no such limitations in your own house. Your family has the freedom to adopt a dog, cat, or any other furry animal.
If your house has a finished basement, then you can convert it into a gym, studio, or entertainment room. If the basement has a separate entrance, then you can rent it out to diversify your income stream, generate more revenue, and offset your cost of ownership.
#5 Bonding with The Community
In the inner city, apartments can have high turnover rates. On the other hand, suburban communities are more stable. You can bond with other parents in the neighborhood while your children can form lifetime friendships with other kids.
Moving into a house in a residential neighborhood from an apartment in the inner city is a challenging, yet rewarding process, especially if you’re a parent planning your family’s future. It can take time, effort, and resources, but with some professional help, you can achieve your goals.