In this article, Aqarmap will give you a summary about types of apartments, in order to help you in choosing the best one you would like. Meanwhile, You need to well search and study for the process of buying an apartment or whatever type of property you want. First of all, you have to determine the importance of the apartment for you. Do you want to buy it or rent it? If your choice is to buy, is it for real estate investment or is it for housing and stability?
In all cases, you must know the different types of apartments available in real estate markets, and what their prices are, so that you can make a comparison between them, then you choose the most appropriate and best type for you or for your investment project.
What are the types of apartments in terms of interior design?
Some people think that there is only one type of apartment, which is the regular design that consists of a hall, rooms, bathroom, and a kitchen. This is the design that usually comes in minds immediately when mentioning the term of apartment. But, there are many types of apartments in terms of their interior design, which are:
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Regular apartments
It consists of a hall, rooms, bathroom, kitchen and balcony, and it is designed in large and small spaces, starting from 40 square meters. Its prices vary according to its space and location. One of the most important advantages of the regular apartment is that it is affordable and suitable for a limited budget, compared to other types of apartments.
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Duplex apartments
It is two residential apartments located on top of each other, and connected by an internal staircase. Duplex apartments are a good choice for large families, as they are characterized by a sophisticated design that resembles the design of villa, while its financial cost is less than it.
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Penthouse apartments
It is the most luxurious and finest type of apartments. You can find them in the upper floors of the buildings, or large towers. Moreover, penthouse apartments give you the whole view of the building, as it is surrounded by glass across its four sides, revealing the view around you, and gives you a panoramic view of the city, away from noise.
Features of penthouse apartments:
- Privacy
- A private entrance and elevator
- Sometimes their balconies have a swimming pool.
- Large space and similarity to villas.
One of its demerits is that it is of a high financial cost, as it sometimes exceeds the prices of villas.
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Studio apartments
It is an apartment preferred by many young people, especially singles or expatriates. Studio is a small apartment, consisting of a room, hall, kitchen and bathroom connected to each other. It is suitable for one or two individuals. Studio apartment is one of the cheapest types of apartments due to its small area.
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Triplex apartments
This type of apartments is similar to duplex apartments in its design, but it consists of three floors above each other, and connected by an internal staircase. It is of course the most expensive and luxurious type of apartments, as it makes you feel a complete privacy, as well as providing you with additional entertainment. It is suitable for large families. Also, you may use two floors of which for housing, and allocating a floor for investment, such as: renting it, making it as a private gym, or SPA.
What is the difference between renting and ownership?
You should study this point carefully, because each of which has merits and demerits.
Merits
- It is a temporary practical solution for young people willing to marry, and can’t afford to buy an apartment.
- The tenant is exempted from bearing the whole cost of maintenance for building’s utilities alone.
Demerits:
- Commitment to pay money on a monthly basis.
- Lack of stability and privacy
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Ownership
Merits
- Makes you feel that you are living in your own world, and gives you a complete stability.
- Not committed to pay monthly or yearly payments.
- It gives you the right to make any changes or renovations to your apartment without restrictions.
Demerits
- Pay a large sum of money when purchasing the apartment, which may force some to turn resort to loans.
- Bearing the whole cost of maintenance for the building’s utilities and elevators along with other owners.