Avoid The Top Floor To Save On Apartment Expenses

Many people like having a top floor apartment, no neighbours above means no thumps and bumps. The top floor may cost you more than just extra calories as you huff it up and down the stairs, however.

Photo by Aschaf.

At the financial blog Wise Bread, they've gathered several tips for saving on apartment living. Among those tips is a caution against thinking the top floor apartment is the most economical because of rent adjustments or a better value because of less noise:

While I've always been a fan of living on the top floor—no heavy footsteps or loud street noise and reduced risk of robbery—choosing the daily gluteal workout level doesn't guarantee you the cheapest rate. Although rent may be somewhat cheaper with an increase in altitude, consider other costs that could push your monthly bills beyond a lower, less physically demanding unit. By far the largest bill that you will contend with (beyond rent) is your utility bill.

If you're looking at a community with three floors of units, the best insulated one will be the second floor. You'll also be at a lower risk for robbery than a first floor tenant. Apartments are constructed at the cheapest costs possible and change hands often. I frequently pay more in utility bills than friends who have twice the space I do (and the temperature control doesn't always guarantee comfort). Third floor units often offer vaulted ceilings, which are cool for aesthetic but bad for budgets.

I can speak from the experience of having lived on the second floor and then moving to a bigger apartment on the third floor. When I lived on the second floor, despite harsh and cold winters, my furnace never turned on. The insulation was so poor between the units that my elderly neighbours keeping their heat cranked up all winter kept my apartment from ever dropping below 20C. When I moved upstairs, that same poor insulation worked against me and most of the heat went right out the roof.

For more tips and tricks on saving money as an apartment dweller, check out the full article below. If you've got a tip of your own, let's hear about it in the comments.

7 Tips to Save on Apartment Living [WiseBread]


Comments

    Got an apartment in Maroochydore, Queensland. It's a penthouse style-2 story joint. Since the Body Corporate laws were changed this year, penthouse apartments get charged more for just being larger. Now pay a $3000 premium above what the apartment below pays.

    Sometimes I feel people miss the point. The bliss of being on the top floor far outweigh any marginal changes in service costs. I'd never go back to trying to sleep in listening to the daily grind upstairs

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