Whether you're downsizing, moving to a bustling city, or simply looking to make more out of less, compact living offers a unique set of advantages that can enhance your lifestyle in ways you might not have imagined. It's not just a trend; it's a lifestyle choice that aligns with modern values like minimalism, efficiency, and eco-friendliness.
While there are plenty of things to love about compact living, here, we look at the 5 biggest benefits of compact living and why it could be the perfect choice for you:
Affordability
Apartment living is becoming increasingly appealing to homebuyers for a variety of reasons. One major advantage is the flexibility it offers, allowing residents to live in their desired location—an opportunity that many find hard to resist.
Additionally, smaller homes like apartments and townhouses often provide significant savings beyond just the purchase price. Their smaller footprint typically leads to lower ongoing costs, such as utility bills and maintenance, making them a more affordable choice overall.
Reduced Environmental Impact
The tide is turning away from excessive consumerism in favour of more mindful consumption and ultimately towards living a lifestyle higher on sustainability and environmental awareness. In fact, a recent report found that more than 80% of Australian homebuyers consider sustainable features in a property to be crucial in their decision-making.
Living in a smaller space means using fewer resources, which is great news for the planet. From lower energy consumption to reduced waste, compact living supports a more sustainable lifestyle. Smaller homes are easier to heat and cool, which means you'll be using less electricity.
What’s more, smaller homes like townhouses and apartments are often positioned to leverage local amenities, which means you can leave the car at home more often than not - a win for you, and the environment.
A clean slate
Whether you’re downsizing, buying your first home, or relocating to a new neighbourhood, compact properties like townhouses and apartments encourage a minimalist lifestyle that reduces clutter – and as the saying goes, a clear space leads to a clear mind.
Moving is the perfect opportunity to let go of items that no longer “spark joy.” By embracing a minimalist lifestyle, you can explore smart storage solutions and refresh your décor. Plus, living in a compact space means you can furnish your new home without breaking the bank.
Locations to love
Opting for a more petite piece of paradise can come with some sizeable benefits when it comes to location. Often, townhouses and apartments are built within established communities, meaning key amenities, transport, and infrastructure can quite literally be on your doorstep. And the community factor isn’t one to be overlooked either - Australians love to feel connected to neighbours and live close to parks and community green spaces - a perk of all Cedar Woods communities.
Low maintenance living
Compact yet perfectly designed properties prioritise living over maintenance. According to the Australian Bureau of Statistics, over 70% of couples with dependants have both parents working, making the traditional days of one parent staying home to handle housework, gardening, and sweeping leaves a thing of the past.
Whether you’re a retiree, working parent or simply someone that wants to spend less time mowing lawns and more time enjoying life, apartments and townhouses are a great choice for lovers of low-maintenance living. Struggling to decide if an apartment or townhouse is more your style? Here’s what you need to consider.
Could a smaller home be right for you?
Compact living provides home buyers – at all different stages in their property journey – with so many benefits. Our Apartment vs Townhouse Living guide will help you to understand the key differences between these two types of homes, along with what community and location factors you need to take into consideration, tips for downsizing, how to choose the right developer to partner with for your move, and so much more. Read it here.
