As large cities are increasing their population and urban living is becoming more popular, residing in a good location has become incredibly unobtainable for many. However, the rise in interest of tiny living spaces has boomed over recent months and years, and micro-apartments may be the next big thing.
Micro-apartments are small living spaces in desirable neighbourhoods that may offer a solution to the problem of high housing costs. These apartments allow residents to live in a central location for a lower total rent – as long as the resident is content with less space in which to live.
Advantages of Micro-Apartments
- Standard micro-apartments average 400 to 500 square feet and do not lack for anything. They have beautiful furniture, sleep countertops, stainless steel appliances, washers, and dryers. The units are designed with space-saving features including pull-down beds, tables that fold up, and hidden or very small appliances.
- They provide a win/win for both renters as well as developers and landlords. The landlords get the highest rent per square foot and tenants have an affordable place to themselves in the city with all the bells and whistles and comforts. Even though the cost per square foot can be higher, quite often the units are small enough to still save renters money on utilities.
- Micro-apartments help the environment by providing comfortable and sustainable housing for many people in one area. The land footprint of the average tenant decreases as they take on a smaller living space.
Quite simply, micro-apartments are the future. At Fidelity Mortgage Lenders, we can help you secure the right loan for your needs. To get started, contact Peter directly on PSteigleder@FidelityCA.com or give him a call on 818.422.8879.