The Concept of Low Cost Apartment in Nepal

Whenever, we see an advertisement in daily newspaper referring to Apartments available in 13 Lakhs to 14 Lakhs, we do not try to understand more about it. People rush to the Apartment office or the site office. I myself was very surprised, when I went to the Mero City Apartment office in Hattiban. The site was packed with visitors cars, as if a wedding reception was going on. Inside the office were around 20 Sales girls. All were busy explaining their apartment features to the customers. In fact, when I asked for the brochure, the number of brochure also had finished. The hall was packed with customers and I could see some bookings were done.

The model apartments and the computer aided 3D movie were in display. People were busy viewing it.

The price range of the Apartment was amazing. The price range of the Mero City Apartment varied from Nrs 1,500,000 for 1 BHK (386.45 sq.ft) to Nrs 4,000,000 for 3 BHK (1013 sq.ft)

Similarly Eastern Apartment by Aayusha Developers a subsidiary of Oriental Builders Pvt. Ltd in Kaushaltar also was a huge attraction for Apartment buyers.

The builders have opened the booking for only 348 of the total 448 apartments. However, they were able to sell 50% of the total booking in just first 5 days. The huge response from the customers surged the developer to call all the 448 units on booking.

Due to the huge demand, the developer requested the interested buyers to fill up an application form along with a cheque of NRs 10,000. The applicant would get the apartment on first come first serve basis.

These are the basic strategies for Developers which was already been implemented by Guna Colony for their sale of their Bhaisepati Apartment. Then, they had opened booking for the Bhaisepati Apartment price starting from 13 Lacks. There was huge respondent to the Apartments in Bhaisepati which was organized in the Real Estate Expo in Bhrikuti Mandap, Kathmandu.

Most of these apartment sizes is ranging from 386.45 sq.ft to 548 sq.ft. The apartment size of 300-500 Sq. ft is very small for a family to live in and are similar to Studio Apartments abroad. These kinds of Apartments can adjust 1/2 people in a family to live in. The Rooms are very tight and no space for adding more luxury items.

The customers must not just make their decision by viewing the 3D Modeled video. The actual room and the customers view before buying the apartment might actually just not match.

Another important factor to decide before making the booking is that the customer must check the background of the Apartment Developers. Normally, we must only trust experienced Apartment Developers. These low cost apartments that are coming up in the market have been raising huge amount of funds from the market for the Proposed Apartment/Housing. The delivery and execution of these apartments is a real challenge and we must wait and see, if they can really develop these projects and their handover to their customer. So far, the construction of any of these low cost apartments has not started yet.

Some established developers claim that the price the low cost apartments are offering is suspicious. Some claim that these low cost apartments are very expensive if one calculates the rate per sq ft. Such small apartment size is not feasible for a family to live in.

The Eastern Apartment is the least expensive with price per sq. ft of Nrs 2,890 followed by The Sun City. The most expensive is the Imperial Court. However the target market for both the apartments is completely different as Imperial Court is a Luxury Condominium.

And when we compare the different apartments, all has different facilities. Some important comparison factors of the facilities for different Apartments are as following:

1. Location of the Apartment
2. Number of Lifts
3. Size of the Balcony
4. Project Land Site Area
5. Size of the swimming pool
6. Open Area
7. Distance from the city
8. Quality of finishing goods and specification
9. Developers profile & Construction company associated

The Apartment buyers must also think in mind the extra facilities the Apartment has. Normally, these apartments will have very poor infrastructures and facilities. They might actually come up with a very small swimming pool & very less open space.

And not to forget is the fact that these low cost apartments come with hidden cost. Mero city Apartment comes with cement flooring. If you want a Parke ting or tiles on the floor, you will have to add all the internal decorative items for the Apartment.

Mero City offers the following features:

* Kitchen: Tiles, Sync

* Flooring: Cemented

* Wall: Distemper

Things you have to add by yourself

1. Mostly, the modular kitchen
2. Bathroom sanitary items
3. Electricity bulbs
4. Flooring Tiles or Parke ting

This will at least cost you Nrs 400,000 to 500,000 for the completion of the Apartment. So the Total cost for the 391 sq.ft Apartment is now Nrs 2,000,000 which actually brings the price per sq.ft for the Apartment to Nrs 5115.

Similar is the case of the Eastern Apartments. The Eastern Apartment comes with no finishing in the bathrooms. The buyers will have to finish the bathroom costs & Tiles which will also cost them minimum extra NRs 400,000 to 500,000 for their flats. This will cost the buyers of Eastern Apartment an average cost per sq ft of Nrs 3,608.

This is actually expensive than some of the other Apartments with better facilities. So the customers must be aware of the concept of the low cost apartment that is coming in the market and not be fooled by the price they are offering. One should always calculate the Rate per sq. ft.

Luxury Apartment Living in Modern Suburban Communities

Like many of my generation, I left fast pace, aggressive city living for a kinder, gentler lifestyle in South Florida. I sought temporary living accommodations, because I was sure that my housing wants and needs would become more apparent and defined once I settled into the tropical lifestyle, assuming they didn’t change altogether. So, I set out to rent an apartment from among South Florida’s abundant supply of luxury apartment communities.

Once I had made my decision to move I was eager to find a place to live and allotted myself a week in which to accomplish the task. Before leaving for Florida, I started my groundwork and searched online using a variety of websites that cater to the needs of people relocating and seeking housing in Florida. After I arrived in Florida, I picked up a couple of free paperback guides at the local supermarket, which proved more useful than I ever would have imagined. Finding a new home was going to be a snap, I thought.

IF YOU DON’T KNOW WHAT YOU WANT, YOU WON’T FIND IT HERE.I quickly learned that sometimes too many options can be (almost) as frustrating as too few, and came down with an acute case of “analysis paralysis” trying to sift through the dozens of possibilities I had before me. Initially, all I really knew was that I needed a place to live and that I wanted it to be somewhere on Florida’s Gold Coast, that vast region stretching from West Palm Beach south to the Florida Keys. With the Atlantic Ocean bordering the region to the east and the everglades to the west, I felt fortunate that my region of interest was fairly narrow, even if it had been longer than I would have preferred.

My next move was to buy a map of the region and select some criteria to focus my search and further limit my search area. Some considerations were more obvious than others were. For example, I knew I’d need a job and that, in my field, the prospects for finding one would dramatically increase with my proximity to the larger, denser urban areas of Ft. Lauderdale and Miami. However, I also knew that, with my luck, it was more than a possibility I’d land a job in less likely West Palm Beach and probably the day after the ink dried on my apartment lease in a community in the midst of one of those more prominent cities. I decided to hedge my bet and search within the nondescript area of Southern Palm Beach County-Northern Broward County, somewhat equidistant in space and time between the polar extremes of West Palm Beach and Miami.

In an attempt to further minimize my potential commutation time, I figured it might be a good idea to find a place near the region’s two major north-south highways, I-95 and the Florida Turnpike. Seeing still too many options on my list, I knew that further limiting myself to moderately priced communities would be sure to eliminate both the high end and more affordable extremes. I soon discovered that seeking moderate pricing would also narrow the geographic scope of my search, as I would now be looking too cheap to be near the Atlantic Ocean, but expensive enough to avoid sleeping with the gators in the glades.

Although I had done my best to winnow my list, I still had too many communities to evaluate in detail within the week’s deadline I had set for myself. I also knew that the kind of evaluation I needed to do would require more than a seat-of-the-pants review of the various apartment websites and paperback guides that I had at my disposal. It was time to get out in the field and kick a little dirt and wrestle with some bricks and mortar.

YOU CAN’T GET THERE FROM HERE. How hard could that be? I wondered. I had limited myself to a mere twenty-mile radius centered somewhere on Military Trail, between Boca Raton and Delray Beach, and I already possessed the complete addresses for all the communities I intended to visit. All I had to do was plan a logistically sensible itinerary, hop in my car and go take a look. As I started to plot each day’s itinerary on my map, I realized that having an address offered little insight into a destination’s location. After all, this was laid back Florida where residents come and go at a leisurely pace and show little concern about how long it takes to find their destination. Sure, South Florida has addresses, but no one abides by them, not even the mailmen. Around these parts, if you want to know where to go, you ask someone for directions, and get accustomed to hearing them in terms of mileage, number of traffic lights, or counting local landmarks like Winn-Dixies or Exxon stations.

I learned quickly that most street addresses are useless, especially those on streets that don’t extend more that a couple of miles, or those on streets that change their names occasionally along the route. Adding to the confusion is the fact that every other town seems to have a road, street, avenue, or boulevard named “Atlantic” or “Ocean,” or has street numbers and directional designations that from the perspective of passersby seem to emanate from some fictitious place. Streets that don’t calibrate evenly like, for example, NE (Northeast) 47th street, followed immediately by NE 52nd street, and then NE 89th street are bad enough. But, when they intersect, say, SW (Southwest) 11th avenue, you start to wonder if you’ve found a new wrinkle in our universe’s space-time continuum.

Many apartment communities just make matters worse by concocting their own “exclusive” street addresses specially designed to give their locations cache, even if they lack a spatial context. In reality, the addresses exist only on their own community site maps and usually relate to nothing more than a long driveway extending from public access roads to their front gates.

LOTS OF DATA, BUT NOT ENOUGH INFORMATION. Street address numbers are among the most heavily guarded secrets in Florida. Many places don’t even bother to display them or display them so poorly that even a pair of eagle eyes and x-ray vision can’t spot them modestly displayed behind palm trees, store signs, shopping center marquees and the like. Besides, in my experience, following address numbers are more likely to hinder than help. Sometimes they lull you into a false sense of security as you observe them ascending or descending toward your destination only to find them jump ahead or completely reverse direction when you pass from one town to the next.

After these revelations, I knew that nothing short of some serious old-fashioned dead reckoning was going to be required in order to find my way. That meant picking up a phone, calling leasing offices, and asking for specific driving directions to their apartment communities. In some cases, I literally had to simulate in my mind taking the actual trip by visualizing all its landmarks before ever leaving my driveway. Gone were the days when travel directions were a matter of pinpointing a major intersection near a destination on a map and then leaving the rest up to an organized grid of roads to get there.

As I approached the entrance of the first community on my list, I couldn’t help feeling the sense of accomplishment I imagined Magellan had felt after circumnavigating the globe, albeit on a much, much smaller scale. However, I realized my celebration was pre-mature as I sat in my car outside the property’s heavy metal gates trying to guess the magic words that would get me inside. I followed the instructions posted on the gates’ sophisticated telephone directory system, but was denied access just the same. I ultimately ended up sneaking in behind a resident entering with an electronic key card. I learned during subsequent visits to these so-called secured, gated communities that sneaking in was part of the normal routine, which explains why none of the representatives I met at the various leasing offices I visited ever wondered how I got in without their assistance.

GOOD LEASING FOLKS CAN EASE THE PROCESS. I’m pleased to say that most of the leasing representatives I met at the more than two- dozen communities I visited that week were highly professional and efficient in discharging their obligation to enlighten me about their apartments. The really good ones cut to the chase and sized-up their offerings quickly. Many answered questions before I had asked them and usually with a few well chosen words and the aid of brochures, fact sheets and apartment floor plans and site maps. I was particularly glad when some representatives dispensed with filling out all the pre-application paperwork until after showing me their available units. As far as I was concerned, it was a complete waste of time for both of us unless and until I decided I wanted to live there.

DON’T BE FOOLED BY SMOKE AND MIRRORS. The fun part of the process was actually making inspections of the apartments. It was also the time I felt the need to start paying close attention to what I was doing. Some apartment communities will only show you model apartments they reserve specifically for that purpose, which are designed to help prospective tenants visualize living there. Needless to say, virtually all the models I saw looked brand new, tastefully furnished, and in much better condition than the apartments actually available to rent. And, except for giving a sense of the layout of a floor plan (and some communities have many) and how furniture might be arranged, models give little insight into the finish quality of the apartments actually available to new tenants. They also offer no sense of your neighbors or any other features that relate to the ambience of your apartment, such as its views or its exposure to light, air, and noise.

PRETEND YOU LIVE THERE. I learned quickly that the easiest way to become enthusiastic about or eliminate an apartment was to examine its layout, especially paying particular attention to room configurations, connecting walls and sight lines. If, for example, while standing at the front door, I was able to see all the bedroom and bathroom doors, I knew immediately I was ready to move on to the next apartment and hopefully one that would give the appearance (if not the reality) of more privacy. If layouts flowed logically with, say, kitchens situated near dining areas but separated from other living areas, I was satisfied and moved on to examining the rooms themselves.

During my inspections, I came to appreciate that room quality was not only a matter of size, but also shape and wall space considerations. Large rooms are great, but those with imaginative polygon shapes create odd angled corners that are difficult to utilize. In the same way, wall surfaces that are too encumbered with closets, windows and doors could make even rudimentary furniture placement a frustrating exercise.

The number and placement of doors and how well they separate living spaces was another consideration. For example, some master bathrooms have toilet closets, but no doors separating the shower/bath tub from bedrooms, which won’t suffice if you’re claustrophobic or finicky about not wanting shower humidity spreading throughout your home. Kitchens without doors can be troublesome too, unless adequate care has been taken to prevent cooking odors from wafting throughout the home.

While examining rooms, I took particular note of the number and spacing of electric outlets, and telephone and cable jacks available throughout an apartment. It came as no surprise that older properties do not usually cater well to today’s space-age electrical, entertainment and telecommunications requirements.

SOME PRISONS HAVE MORE WINDOWS. Windows were by far the biggest disappointment I encountered in all apartments across the board. Generally, there aren’t enough of them, they’re small and rarely found in kitchens or bathrooms. To make matters worse, most (if not all) tended to be on one side of apartments. It amazes me that in a place like Florida with all its sunshine, clean air and pleasant climate (at least 6 months a year), more care isn’t taken by architects and builders to optimize the use of windows in residential structures. Suffice it to say that fresh air cross ventilation is hard to come by in Florida, so get used to working your air conditioner hard, because you’ll need it and every ceiling fan you can install to pump air through your home all day long, all year long. Another important factor about windows is simply the direction they face. For example, if you like it cool, you should select a northern exposure, or alternatively, if you’d rather bask in sunshine all day long, then a southern exposure will be to your liking. A preference for cool mornings or cool afternoons will translate into a preference for western and eastern exposures, respectively.

SO MUCH FOR AN OUTDOOR LIFESTYLE. Patios were my second biggest disappointment with Florida apartments, and for similar reasons as windows. In general, they’re too small and confining to provide a relaxed, comfortable living experience. Most amazingly, few patios are screened-in to provide adequate protection from all those lower forms of life that seem to outnumber humans by many orders of magnitude, especially during the summer. In addition, surprisingly few have overhanging roofs or eaves to provide that little extra protection from sunshine and rain that at times can enhance the patio living experience. On the other hand, most patios have such poor views and overlook such noisy mechanical equipment that you probably won’t want to spend any quality time out there anyway. Those of you who look forward to napping on the patio will best appreciate the importance of these seemingly nitpicky comments.

Among other factors, don’t overlook the importance of elevation to the overall quality of the apartment living experience. Most of the apartment communities I visited charge a nominal rental premium for an upper floor apartment (approximately $25 per month), probably because upper floor apartments don’t have pesky noisy neighbors overhead throwing cigarette butts off their patios. They are also less likely to be flooded from rainstorms and tend to receive fewer visits from all those critters you’ll find on your unscreened patios (ants, spiders, lizards, etc.) that Floridians have learned to coexist with. However, along with the superior views and access to light and air that upper floors provide is the excessive heat and possibility of leaks (on top floors). Upper floor units sometimes offer the amenity of a vaulted or cathedral ceiling that can enhance the light and air or feeling of spaciousness in an apartment.

DON’T BE TOO IMPRESSED WITH ALL THE SHINY GADGETS. During most of my apartment inspections, the leasing representatives did their best to talk around the aforementioned design flaws and tried to “sell” me on all the gadgets and labor saving conveniences that typically come with luxury apartments. Many apartments come equipped with washers and dryers (which I prefer to be installed in utility closets off the kitchen or outside on the patio, instead of adjacent to carpeted living areas). By the way, if washers and dryers aren’t featured in an apartment, you better get a peek at your apartment community’s on-site laundry facility. Many communities offer dishwashers, garbage disposals, oversized bathtubs, microwave ovens, refrigerators with icemakers, and one or more ceiling fans, in order to enhance the comfort of their apartments.

MAKE IT YOUR BUSINESS TO STRETCH YOUR LEGS. After touring apartments that met my basic criteria, I spent some time walking the communities to get a sense of their residents, a feel for their comfort and ambience and to inspect their amenities. Also, as I strolled I took particular note of how well properties appeared to be maintained. Although most luxury apartments will be up to snuff on the day you move in, even the newest and best built will require routine maintenance and repairs from time to time. Walking around may also give you some insight into the mindset and proficiency of the management and maintenance crew. If the common areas are well maintained (e.g., clean and recently painted, parking lots well paved, landscaping well groomed, and few signs of deferred maintenance), chances are better that the same philosophy and vigilance will apply to the upkeep of your apartment.

The best single place for a maintenance inspection is the pool and its surrounding lounge area, which usually is the most popular common area within a community. Most leasing tours for prospective tenants begin with a tour of the pool area, which is usually centrally located adjacent to the property’s leasing and property management center. As a community’s showcase, these areas are usually better maintained than other less visible areas. So, if the pool area needs a renovation, you should wonder how the rest of the property looks.

SWIMMING POOLS OR CEMENT PONDS? Even if the pool area is well maintained, you may not be all that impressed with the scale and scope of those facilities. Before I started my search it was inconceivable that I would find such woefully inadequate pool facilities in a place where sun bathing and swimming take place more than 300 days per year. In general, pools are small and shallow (barely 5 feet deep in some cases), not very well maintained and surrounded with only enough lounge chairs to accommodate 5% of their tenant population. Most of the places I visited had whirlpool spas, but some are barely larger than bath tubs, are not particularly well maintained, and are as likely to be out of service as they are to be operating on any given day of the week. Even more surprising is the fact that some brand new apartment communities I visited, which typically pride themselves on being loaded with recreational amenities, are not even bothering to build these all-popular whirlpool spas into their otherwise state-of-the-art properties.

DO-IT-YOURSELF TORTURE CHAMBERS. In most cases, health clubs are small, dark unfriendly spaces that suffer from a serious lack of cable TV entertainment and exterior light and views. If I had to use such facilities, I know I’d be even more eager than usual to finish my workout. Except for basic treadmills, stationary bicycles and free weights, the other equipment in some of these facilities looks as though it is borrowed from The Smithsonian. As for other forms of recreation, some apartment communities provide tennis courts, bicycle paths, basketball courts and kiddy playgrounds, but not necessarily in a state of repair you might consider inviting.

DON’T TAKE ANYTHING FOR GRANTED. After one inspection, I started to pay attention to some of the amenities I would normally take for granted, such as where and how tenants go about retrieving mail or disposing of garbage. Tenant mail facilities range from the expected (i.e., located near apartments, sheltered from the elements by a breeze way or some other structure) to the ridiculous (i.e., all huddled together in the middle of a parking lot completely unprotected from the rain and sunshine, and dangerously close to moving vehicles). You may not mind waiting for the rain to stop to pick up your mail, but you can rest assured the mailman isn’t going to wait when he/she delivers it. If you live in one of those unfortunate places, you better have your mail delivered to a post office box, or get used to opening soggy mail.

As for the trash disposal, I resigned myself to the fact that the best I could expect would be having one large compactor and storage facility located near the exit of my community, regardless of how large an area that might be. The obvious advantage of such an arrangement is that tenants won’t have to smell or look at garbage anywhere else within the community and won’t have to be bothered by noisy garbage men carting it away in the wee morning hours. However, I’m still getting used to a routine of hopping in my car every time I need to dispose of trash or coordinating garbage runs with my daily travel schedule.

PEEK OVER THAT SECURITY GATE BEFORE SIGNING ON THE DOTTED LINE. Before registering a community on my short list of acceptable options, I made sure I drove completely around its periphery, and noted its proximity to public utility plants, highway interchanges, or some other equally undesirable land uses. In the process, I was sure to check out its neighborhood amenities, especially within a five-minute drive. Most appealing community locales were off main drags but near most of the daily conveniences I’d likely need, including supermarkets, restaurants, drug stores, banks, movies, etc.

Communities within 15 minutes of shopping centers, entertainment hubs and other desirable landmarks were placed high on my short list. As a contrast, some of the communities I visited were long hauls from commercial activity of any kind, and some were near special facilities I’d be more likely to visit on a monthly or annual basis, like Lowe’s Home Improvements, Home Depot, furniture outlets, vacuum cleaner distributors, and so on.

FINAL OBSERVATIONS. I am pleased to report that I live in a community that provides a reasonable blend of the four major features I had sought from the outset: decent living accommodations (spacious, functional layout, with a view); basic community amenities (good swimming pool and safe, convenient access to personal mail boxes and trash disposal facilities); abundant neighborhood shopping opportunities; and good accessibility to major highways and regional employment centers. Best of all, I reside near the intersection of two important road arteries, which means visitors can find me on a map even using the most schematic maps of the region.

Over the course of my inspections, certain facts emerged as apparent truths. And, you should be aware that some of the foregoing comments apply to other areas of Florida and other types of housing (like condominiums and single family homes) as well as luxury apartment rentals. Readers are encouraged to verify similarities and differences across geographic areas and housing types based on their own experience.

Some general comments are worth noting. Notwithstanding the extreme volatility in residential real estate markets recently, Luxury garden-apartment-style communities in this area of South Florida still rent for $1.00 (give or take) per square foot per month. That means a 900 square foot apartment will rent for approximately $900 per month. Not surprisingly, one bedroom units have the highest per square foot rents; three bedroom units the lowest. Some communities charge extra for water, sewer and trash removal. Most charge a rental premium for certain apartment views (especially golf course or lake views), upper floor apartments and pets.

Newer doesn’t always mean better and be aware that down here 10 years is considered old, if not a lifetime. Unlike other more traditional regions of the US, old residences down here are not considered classic, vintage, or quaint, but rather just plain obsolete and undesirable. However, as the expression goes, “they ain’t building them like they used to” and if you want spacious, well proportioned, logical layouts you’re going to have to look at the old stuff. The best compromise is to find an old unit that has recently been completely renovated and refurbished.

Age 55 plus communities cater to the seniors, but those without such designations don’t necessarily cater to the young single adult population. In my experience, the only tangible difference between the tenancies of the two types is the existence of lots of toddlers and teenagers in the latter.

Like everything else in life, tradeoffs do exist in trying to find that perfect blend of apartment features. In South Florida, within a given price range, if you want to be near the Ocean, you’re going to accept older, lesser accommodations. Newer properties tend to have more and better site amenities, such as pools, health clubs and tennis courts, but tend to be located farther away from regional employment centers and shops and facilities you’ll need to visit daily, such as food stores, restaurants, drug stores, banks, etc.

Finally, if you want to enjoy fresh air, sunshine and truly experience the lifestyle that has fostered Florida’s growth during the past several decades, you’ll just have to go to the beach!

Glossary of Types of Apartments for Rent in Ottawa

Looking through the apartment listings can be a pretty confusing experience. Just what are the differences between a junior one-bedroom and an alcove studio? A convertible three-bedroom and a flex two-bedroom? Knowing the layout of each type of apartment and what features each type contains will greatly improve your chances of finding the perfect apartment rental for your needs and lifestyle.

Walk-Up Apartment / Low-Rise Apartment

A walk-up or low-rise apartment is located in a building that does not have an elevator (which means it might be a bit more difficult when you’re moving in). Walk-ups are usually older buildings that are less than five stories high and may not have a lot of amenities such as laundry rooms, storage lockers or wheelchair accessibility. Generally, monthly rent for a walk-up is less expensive than the monthly rent for a high-rise apartment.

High-Rise Apartment

A high-rise apartment is found in a building that is generally six or more storeys tall. High-rise apartment buildings have elevators and often have onsite laundry facilities, pools, fitness centres, comprehensive fire alarm systems, and security systems to monitor tenant entry and exit. In addition, many high-rise apartment buildings feature onsite management staff to assist you in the event of an emergency.

Bachelor Apartment / Studio Apartment

A great choice for students, a bachelor apartment (also called a studio apartment or an efficiency apartment) is a small one-room apartment with a separate bathroom. The one room serves as a bedroom, dining room and living room and is usually connected to an open kitchen. Bachelor apartments can range from very small (just big enough for a sofa-bed and a desk) to very large (with enough room for a king-size bed and a separate sitting area and dining area).

An alcove bachelor (also called a convertible bachelor or convertible studio) is usually configured in an L-shape with a distinct area or nook for dining or sleeping.

1-Bedroom Apartments

A one-bedroom apartment consists of a living room, kitchen, bathroom and a separate bedroom equipped with a built in closet. Occupancy may often be limited to two people.

A junior one-bedroom usually implies an extra-large studio apartment that is large enough to section off a separate sleeping area or bedroom.

2-Bedroom Apartments

A full two-bedroom apartment has two separate bedrooms in addition to a living room. It may or may not have a separate kitchen. Bedroom sizes can vary widely, from a baby’s room or small office to an extra-large master bedroom suite.

A convertible two-bedroom apartment (sometimes called a “flex 2”) is actually a one-bedroom apartment, but it is large enough and laid out in such a way that a wall could be put up to create a second bedroom. Similarly, a convertible three-bedroom (or “flex 3”) is a two-bedroom apartment that can be converted into 3 bedrooms.

A wing apartment usually has two bedrooms as well as a small common area such as an eat-in kitchen, but no living room. These apartments are ideal for students or roommates who don’t require much in the way of common living space.

Loft

A loft can be classified as a big, open space with few internal walls. Usually the result from a commercial building having been converted into residential units, lofts generally have very high ceilings, extra-large windows and often have exposed plumbing pipes and columns.

Penthouse Apartment

A penthouse is an apartment on the top floor of an apartment building, usually featuring extra balconies or a rooftop deck. A penthouse is normally considered to be quite luxurious and is an extremely desirable (albeit expensive) place to live.

Basement Apartment

As the name implies, a basement apartment is located in the lowest storey of a building and is partially below ground level. Windows and proper ceiling height are enforced by city codes. This type of apartment can also refer to the basement on a house that has been converted to an apartment. This type of basement apartment may have its own separate entrance and may have its own bathroom, kitchen, laundry room and heating system separate from the rest of the house.

Duplex Apartment

A duplex is an apartment with two levels. This could include a true bi-level apartment with an enclosed upstairs and downstairs, or it could also be an open space with an extra-high ceiling and a loft or mezzanine.

Railroad Apartment

In a railroad apartment, there is no hallway. This type of apartment consists of a series of rooms that are connected to each other in a straight line (just like cars on a train), meaning a tenant will have to walk through each room to get from one end of the apartment to the other.

Balcony / Terrace

The terms balcony and terrace are often used interchangeably to indicate a railed platform extending from the outside of the apartment. It can be small enough to accommodate one or two people standing or large enough for a picnic table, lounge chairs and plants.