While most of us would like to one day attain the American dream of owning a home, there are plenty of people that, for one reason or another, end up living in apartments. Perhaps you are in a stage of your life that is impermanent, and the thought of buying and selling a home in short order is simply undesirable. Maybe you don’t have the money to pay a mortgage or you’re saving up for a down payment on property. Or it could be that you just appreciate the benefits of apartment living, particularly the lack of maintenance duties. Whatever your reason for living in an apartment, though, you’re probably interested in paying as little as possible for an acceptable living space. Here are a few easy and effective ways to save on apartment living.
Downsize. Sure it’s nice to have that extra bedroom for a home office or to accommodate guests, but extra space definitely means additional rent that you may not be able to afford. If you’re looking for ways to save on the cost of renting an apartment, the easiest and quickest solution is to downsize to a flat that features less square footage. This could mean swapping out oversized furniture for convertible options, but the money you’ll save could net you a nest egg for the property you hope to purchase one day.