Many flats which have a lower monthly rent have the very less square footage, which results in a cramped space providing a smaller room to the entire family.
Most of the flats do not have access to a yard, balcony, or any other private outdoor area.
Flats have close proximity to neighbors and provide less privacy along with maintenance rules provided by the landlord and also, the owner should seek permission before updating or adding an extra embellishment in an apartment.
Before buying a flat, one should consider the square footage of each and think about the cost per square foot.
Affordability: Because studio apartments are small, their rental prices are usually much lower than one-bedrooms in the same area. The smaller floor plan also means you’ll save on heating, cooling and electrical costs. If you’re on a tight budget, renting a studio apartment can help keep costs down.
Privacy:Many renters have to choose between renting their own apartment or sharing an apartment with roommates. Having roommates often means you get more space, but it also means that you lack privacy. This can be tricky, especially if your routines and preferences clash with your roommates. Renting a studio apartment gives you a space of your own and freedom to do as you please.
Less is more: When you rent a large apartment, you’ll need to invest in furniture to fill it up—which gets expensive quickly. Studio apartments don’t require much furniture to feel complete. Plus, because studio apartments are smaller, they are also much easier to clean.
Short on storage: Many people find that they just can’t fit their belongings in a studio apartment. Most don’t have much storage space, which can leave you feeling very cramped and overwhelmed.
Entertaining is a challenge: If you like to socialize at home, you might find it hard to do so in a studio. Because of their small footprint, studio apartments don’t leave much room for a large couch or dining room table to accommodate a group of people.
You’ll have to haul your laundry: A small apartment limits the amount of appliances you can have. As a result, most studios don’t have laundry in-unit. This means that you will likely have to take your laundry to a communal laundry room or a public laundromat.
Security is a concern and will come at a significant cost i.e. if you want to keep a watchman or gatekeeper.
Facilities such as power backup (especially if you want to install generators to run A/C’s etc.) and water supply would be expensive, and managing the same would be a hassle.
You would need to get access to external clubs and sports facilities. This would be an expensive proposition for e.g. monthly access to a good gym could cost you anywhere between Rs 2500/- to 3500/-.
Services such as plumbers, electricians etc. would need to be identified and called for at the time of need.
If you have a job that requires you to be traveling to different cities, then the security of your household goods would be a cause for worry.
If you are in the metros or in the tier-1 cities where land is scarce and expensive, you may end up owning precious little space, and there will be very little space for gardens and to walk around.
Single-Family Home: A single-family home is a detached building built on a lot. They are the most common type of house; around 70 percent of Americans live in single-family home.
Condo: Condominiums, or condos, are units within larger buildings that share at least one wall with a neighboring unit. You can think of a condo as an apartment, but instead of paying rent each month, you pay a mortgage.
Townhouse: A townhouse is an attached single-family home that shares a wall with one or two other townhouses. Sometimes called row houses, townhouses often have multiple floors and some outdoor space.
Multi-Family Home: A multi-family home is a detached building made up of multiple units. Multi-family homes go by many names – duplexes, triplexes, two-flat, twin home, double bungalow, etc. – but they all describe the same kind of building.
Co-op: Of all the different types of houses, a co-op is perhaps the most unique. Co-ops, or cooperatives, are similar to condos in that your living space is a single unit within a larger building. But unlike a condo, where you would own your unit outright, with a co-op, you own the building collectively with the other tenants.
Apartment: An apartment is part of a collection of similar units in one building structure. An important feature is that you have to rent the place from a landlord.
Condo: If you like the conveniences that come with an apartment but are looking to own, a condo might be a great fit for you.
Co-Op: A co-op is also known as a housing cooperative. This type of housing is quite different from the others. When you buy into a co-op, you’re buying a share of the company that owns the building rather than actual property.
Single-Family (Detached): The key feature of a single-family home is that it’s completely detached from other housing units, unlike condos, apartments or townhomes.
Tiny Home: Tiny home popularity has boomed in recent years, spurring what’s known as the “tiny home movement.”
Townhome: A townhouse or townhome is an individually owned dwelling that shares at least one wall with another unit and has its own entrance from the street.
Cape Cod: The Cape Cod style originated in the 1700s in its namesake city in Massachusetts. These houses are charming but hardy – built to withstand the rough New England winters.
Colonial: Colonial homes share a lot of similarities with the Cape Cod style. They have a simple, rectangular, symmetrical structure that dates back to the 1600s.
Contemporary: The contemporary style is often confused with modern, but the two should not be used interchangeably. The term “contemporary” refers to the present, and “modern” refers to a time period that has already passed (e.g., midcentury modern).
Cottage: Cottage-style houses are often described as cozy and charming. They are typically on the smaller side when it comes to square footage but have a big personality.
Craftsman: The Craftsman style focuses on the value of handmade, well-constructed architecture. Craftsman houses go against the mass-produced or cookie-cutter home developments – they are typically a horizontal, sturdy build.
Greek Revival: Greek revival-style homes are some of the easiest to point out due to their impressive columns that emulate those found on the Parthenon and other famous Greek buildings.
Farmhouse: Put simply, farmhouse-style homes pull inspiration from their namesake buildings for the interior and exterior of the home. There are often tall ceilings, exposed beams, a large front porch, a rectangular layout and a central fireplace.
French Country: French country-style homes are inspired by the abodes found in the countryside of France, in areas like Provence.
Mediterranean: Mediterranean-style homes feature elements from Spanish and Italian villas. There is a big focus on indoor-outdoor living, so they’re most popular in areas with temperate weather like California and Florida.
Midcentury Modern: Midcentury modern design emerged after WWII from the Bauhaus movement. Midcentury mod homes possess a sleek, uncluttered design that meets an appreciation for nature through large windows (connecting you to nature) and a mix of natural and man-made materials.
Ranch: Ranch-style houses appeared in the 1930s, but their popularity boomed in the 1950s. These homes are typically one story and feature low-pitched roofs, large windows, sliding glass doors, large backyards, open living spaces and attached garages.
Split-Level: Split-level homes emerged from the ranch-style home design and became popular in the 1950s and ’60s.
Tudor: The Tudor home style was brought to the U.S. by European-trained architects in the late 1800s, and gained popularity in the 1920s.
Victorian: Named after Queen Victoria, Victorian homes emerged in the 1830s and were popular through the early 1900s.
Single pen, single cell, or Hall house: a one-room house
Double pen or double cell: a two-room house
Hall and parlor house: a two-room house, with one room (the hall) larger than the other (the parlor)
Central-passage or central hallway\corridor: a three-room house, with a central hallway or passage running front-to-back between the two rooms on either side of the house
Dogtrot house: divided house with an open, roofed breezeway between the two sections
Shotgun house: a house that is one room wide and two rooms deep, without a corridor
Side-hall or side passage: a house with a hallway that runs from front to back along one side