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Hayek Insurance Blog

5 Types Of Apartment Buildings

1/30/2023

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​Careful planning of the site and the placement of individual buildings is the first step in designing a well-designed apartment complex. The result will be a residential area with high-quality facilities and open spaces, a sense of belonging, and a unique feel and personality. 

In cities and towns, you will find different kinds of apartment buildings in complexes. Let's have a look at each of them:
  1. Low-Rise
    Low-rise apartment buildings have no more than four stories. They are more common in the suburbs than in major cities. Townhouses and duplexes are common in the suburbs. While low-rise apartment complexes may not have as many amenities as their high-rise counterparts, they sometimes provide more living space for a lesser price.

  2. Mid-Rise
    Any apartment building with five to nine stories is considered a mid-rise. Even though you might see one in the suburbs, you're more likely to see one in a big city. People who live in cities often choose mid-rise apartment complexes because they are close to many services and entertainment options.

    Mid-rise apartment buildings can offer more services to their residents than low-rise buildings because they are more extensive. Facilities may include a swimming pool, fitness center, and common space for residents.

  3. High-Rise
    High-rise refers to any residential building that has ten or more stories. Typically, these can be found in the heart of cities, where land is scarce and prices are high. These high-end urban structures can serve as either short-term or long-term rentals. They may also provide a broader range of amenities than their low-rise and mid-rise counterparts.

  4. Garden-Style
    Gardens are an integral aspect of the design of a garden-style apartment building. These apartment complexes are often only two or three floors tall. Garden-style apartments are becoming increasingly popular because they have an open-like feel, are close to nature, are easy to get to, allow pets, and are usually quiet.

  5. Multi-Family
    By definition, multi-family apartment buildings are large complexes with multiple floors and units suitable for multiple families. Buildings of this style can be either low- or mid-rise, or even garden-style. No matter the design, their primary function is to house several households.

Conclusion
Investing in real estate is one of the safest ways to increase your wealth. Hugely profitable are long-term residential rentals. If you have the disposable income to cover the mortgage on an investment property or if you have a sizable sum of money to invest in a large real estate portfolio, buying an apartment building is a smart financial move.

At Hayek Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (805) 496-8835 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
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