If you are looking for an apartment for living spaces, I must say “studio apartment” can be considered one of the most common choices. This highly preferred voice offers a compact living space, providing all the essentials for a great living.
So, what is a studio apartment, and how different is it from a 1 BHK apartment?
Some individuals seek a living space that can provide them with better privacy. For them, a studio apartment is an ideal and essential place for a great living.
The concept of a small studio apartment became popular when young working individuals started to seek small flats. Their primary focus is finding an apartment space that is space efficient, affordable, and has a meager maintenance cost.
In this blog, I will help you learn about studio apartments. We will also explore how studio apartments can help you solve housing issues.
What Is A Studio Apartment?
Typically, a studio apartment is a one-room style apartment that comprises your bedroom, dining room, kitchen, and living area. All these areas are contained in one specific location. When it comes to the bathroom it is separated by a door or even sometimes a divider.
These studio apartments are also known as studio flats. The studio flats are trendy among young individuals who are students working professionals living away from home.
Other than that, there are also a few couples who prefer living in such affordable spaces. According to real estate experts, studio apartments create an opportunity for young professionals and students to enjoy better privacy, even when living under an affordable budget.
There are a few factors that make studio apartments a little different than 1BHK apartments, which are:
- Fewer walls or barriers in the unit
- The apartments are mostly fully furnished.
- The size of a studio apartment is relatively smaller than the 1BHK.
- The rentals are lower than usual.
- It is known for being a self-contained unit.
What Is The Size Of A Studio Apartment?
If you are looking for optimum space utilization, then studio apartments can be an excellent choice for you. The studio apartments usually have minimum obstructions inside the space with fewer walls.
The entire structure of studio apartments is highly based on efficiency and the theory of space utilization. Thus, you can see a minimum number of barriers and walls inside the spaces.
Studio flats are mainly open floors. However, this might vary based on the city or locality. For instance, a one-room kitchen house can also be called a studio flat. Why? Well, these two are the same.
Usually, the size of a studio apartment starts from 250 sq. ft. to 700 sq. ft., which highly depends on the overall development. Even the size of the apartment varies depending on the site location.
Who Should Consider Buying A Studio Apartment?
While learning about what is a studio apartment, we also need to know which target market commonly looks for a studio apartment. Well, as per the real estate experts, tenants and home buyers are mainly looking for studio apartments.
The studio apartments are best suited for working professionals and students living away from family in a different location.
Apart from that, if you are looking for a place that values both simplicity and urban ease, then studio apartments can be an excellent option. The entire concept comprises a living room, sleeping room, and kitchen, making it a perfect space to live.
The Advantages And Disadvantages
There are several pros and cons associated with studio apartments. In this section, we will discuss the same.
Advantages Of studio apartments
The advantages of studio apartments are:
- Better affordability: The investment for a studio apartment is much more affordable than the standard apartments. If you are looking for an budget-friendly living option, then studio apartments can be an excellent option.
- Coziness: Some people find studio apartments to be very cozy places to live. If you love the minimalist lifestyle, then living in a studio apartment is up to your strong liking.
- Good location: The majority of the studio apartments are situated near urban areas. This is why the apartments are suitable for better access to transportation, entertainment, and various other amenities that one might need for better living.
- Low maintenance cost: Lastly, the cleaning and maintenance of the studio apartments are less costly than those of the standard apartments. The studio apartments are tiny. So, cleaning up the entire space takes a very minimum time.
Disadvantages Of Studio Apartments
The disadvantages of studio apartments are as follows:
- Decoration challenges: If you plan to make some decorations or furnishings in your studio house, you might require more space-saving strategies and planning.
- Functionality: the functionality of living spaces could be more extensive and narrower. Thus, decorating the entire space may require more time and cost.
- Privacy: There are fewer walls in studio apartments to separate rooms. If you love privacy and plan to live with a roommate, you may face a lack of privacy.
The area is a common place for cooking, sleeping, and relaxing. So, expecting privacy when you own a studio apartment can be tricky.
- Limited space issues: The restricted space in a studio apartment often makes people feel cramped over time.
Studios For Rent- Profitable Or Not?
Now that you have learned what is a studio apartment, the next question that may come to your mind: whether renting a studio apartment is profitable or not.
Rent studios are famous and profitable due to their low maintenance expenses, better locations, and occupancy rates. Studio apartments usually have better investments than any bedroom apartment.
In the real estate markets, the 1BHk flats are much more expensive, so renting them out becomes challenging.
On top of that, renting an apartment can be much more profitable for you if you value convenience amenities and a proper community atmosphere.
However, this is entirely dependent on your lifestyle and your budget. So, don’t forget to do some research beforehand.
Studio Apartment: Overall Pricing
Renting a place is always considered a huge financial decision in your life. This mainly occurs when you are looking for an urban space in a major city; here, the price tag is high.
In the following, I am providing a chart to help you understand the overall pricing of a studio apartment.
| City | Rent for one bedroom | Buying price per sq.m. |
| Mumbai, India | $481 | $3,882 |
| Jakarta, Indonesia | $698 | $1,726 |
| Hanoi, Vietnam | $688 | $2,280 |
| Manila, Philippines | $805 | $3,813 |
| Kuala Lumpur, Malaysia | $735 | $3,903 |
| Taipei, Taiwan | $816 | $17,551 |
| Tokyo, Japan | $1,216 | $8,837 |
| Bangkok, Thailand | $1,080 | $6,485 |
| Hong Kong | $2,173 | $25,802 |
| Singapore | $4,590 | $16,619 |
What Are The Things That I Should Consider While Choosing A Studio Apartment?
While you are choosing a studio apartment, you should consider the following:
- Firstly, the overall price of a studio apartment continuously varies based on location and market demand. Thus, you must fix a budget before you finalize a studio apartment.
- Secondly, Studio apartments are meant to be small spaces. So, you must ensure that the space is livable for you or not.
- Lastly, when choosing a studio apartment, it is necessary to do research work on the area as well. This can help you to ensure there are enough facilities such as transportation, convenience stores, etc.
Additionally, you must look for the proximity of educational institutes, workplaces, and hospitals for better accessibility.
Final Thoughts
In conclusion, a studio apartment is very self-contained and has a small living area with an open area. This clearly signifies that the space integrates the functionality of a living room, kitchen, and bedroom.
Studio apartments are tempting to singles and couples due to their affordability despite the small spaces and difficulties with privacy.
There have been solid rental demands or controllable operation costs; studio apartments can greatly benefit you.
However, there are a few advantages and disadvantages of studio apartments that you must consider while buying or renting a space. You can collaborate with a property manager who can help you find the best studio apartment within your budget.
Did you like our blog? Let us know in the comment section. Also, don’t forget to follow us to stay updated about our latest blogs and news related to real estate and lifestyle.
Read Also:
