Why Your Seattle Apartment is Terrific if You’re a Newlywed
It’s not uncommon for couples to live together before they get married, but one of the decisions the couple might need to make after the nuptials is whether to live in an apartment or delve straight into buying a house. Here are some things to think about if you’re in the middle of making that choice.
It’s Easy to Upgrade When You Add to the Family
A growing family often means needing more room that is available in a starter apartment or a small home, and making the move from one apartment to another is incredibly easy compared to making a move from one house to another, particularly if the house needs to be sold to facilitate the move.
Starting your married life in an apartment means that when and if you decide to add to your family through the birth or adoption of a baby, you can easily relocate to a new apartment with a simple search and some help from some movers.
On the other hand, if you own a house before you grow your family and need a larger home, you might find yourself needing a lot more money and time to facilitate the move, which isn’t always the best when you’re trying to ensure you or your partner has a successful pregnancy. Finding an apartment is about a thousand times less stressful than buying a house.
Apartments are Ideal for Saving Money
There are some financial planners who recommend homeownership as a way to build wealth, but building wealth might not be the most important financial decision at the start of a marriage. Some couples might want to focus more on putting money aside in basic savings than dealing with home equity, investments, and other complex wealth-building topics.
It’s important to have a frank discussion on how much you can afford as newlyweds. An article from Rentberry suggests:
“Discuss your budget prior to starting your search and, what’s more important, talk about the utility bills and other money issues. Knowing what you can afford is a required step, you won’t be able to proceed further and hope for successful apartment search without this.”
Spending a few years in an apartment can help you build emergency savings that you can keep for the lifetime of your marriage, as well as help you save money for a down payment on a house in the future.
Apartments Offer Access to Urban Areas
A starter home in the suburbs is a common destination for newly married couples because homes that are far away from the city center are often the most affordable. Unfortunately, living in a suburb can put a cramp on a couple’s social life when getting out to have fun involves an hour-long ride into the city.
If you’re in a marriage where you enjoy going out and having fun at restaurants, clubs, and other venues in densely populated metropolitan areas, buying a house in the suburbs might not be the best decision right after you get married. Living in an apartment might be the best way to take advantage of the fun of being newlyweds and going out to have fun.
Living in an apartment can also give you a chance to save up money for a down payment on an eventual house in the suburbs or a modern condo in the city.
Live at Muriel’s Landing in Seattle
If you’re interested in living in Seattle and want to be close to everything fun and vibrant in the city, we’d like to recommend Muriel’s Landing as your future home. Contact us today for information on availability, as well as to set up a time to visit.