Trending: Micro Apartments

Ever heard of micro apartments? With their growing popularity they are possibly becoming the next big trend on the real estate market. If the image that comes to your mind resembles a shabby hotel room, you will be in for a surprise.

Micro apartments are chic and affordable. Thanks to innovative interior design and multi-purpose furniture, these stylish tiny dwellings are equipped with all the amenities of a more spacious apartment at a much lower price.

Furthermore, they are situated at lucrative locations like New York City where the prices of larger spaces are sky-high. Their dimensions may vary between 220 and 950 square feet depending on the local government regulations. Read on, if you are wondering whether micro apartments are a good match for you.

On the plus side, choosing to live in a micro apartment is likely to significantly reduce your daily expenses, such as electricity, gas and maintenance. Besides, less space means less clutter. In the end of the day when all your belongings must fit into a few hundred square feet, you will probably put an end to buying a lot of unnecessary stuff.

However, before you jump into buying this cost-effective and compact property, you should carefully consider if that minimal lifestyle is right for you.

Micro apartments are a great alternative for young and single professionals who crave living downtown and probably spend most of their day outside home. They are also suitable for students on a tight budget, as well as for the divorced or recently separated who cannot afford larger apartments in the given expensive area.

If you happen to have a family, though, sharing such a small space with your loved ones could make your day-to-day life quite stressful. Not only does that mean less privacy, but also limited movement and greater challenges in coordinating simple domestic activities. In addition, you will have to give up inviting friends over or having play-dates at your place. And when it comes to children, they need more and more space as they grow and mature. The lack of it may have a negative effect on their development.

Moreover, not everyone feels comfortable residing in confined spaces. In such cases, living in a micro apartment could make you feel claustrophobic and pose a risk to your health and well-being.

Regardless of the above, if you are determined to own your own place and a micro apartment is the only affordable option, look for a place with big windows, plenty of natural light and a pleasant view. In addition, high mirror ceilings and light-colored interiors create more space, as well as having a patio or a balcony.

Last but not least, you should also ask yourself if buying a micro apartment is a good investment in the long run.

Sure it looks like this type of housing is taking off. But as trendy as it is, it might turn out to be a passing thing. After all, the real estate market is unpredictable in a lot of ways and you could be disappointed with your financial return once you decide to sell.