A studio apartment simply means that there is no separation between your bedroom, living space and kitchen and really requires that all your living, eating and sleeping occurs in one open space. Some people love the ability to live in such an open concept place while others truly cannot stand it. Lets review what the advantages and disadvantages are for living in a studio apartment. The Advantages For Living In A Studio Apartment One of the major advantages to living in a studio is that you are able to live affordably and in a great neighbourhood without having to sacrifice quality or having to live with someone else. Selecting to live as a bachelor can often save you a few hundred dollars on your rental income or your mortgage payments every single month which truly goes a long way to protecting and improving your financial situation so that you do not have a high debt-to-income ratio. On the same hand, living in a bachelor unit can also keep the cost of your utility bills down which will also make sure that you are able to hold on to your hard earned money. Because studio apartments are often a bit smaller than a one or two bedroom apartment, cleaning and organization of your space can take you a lot less time and effort. People love the ability to have an open concept living space and living in a studio will definitely provide you with that ability. There are amazing decor pieces that can not only act as ways to separate you spaces but also act as storage to truly allow you to create whatever space you truly desire. The Disadvantages For Living In A Studio Apartment Living in a studio is often the ideal situation when it comes to living in a place alone; however, when you are living with your significant other in a studio things can get a little tricky. Due to the fact that there is no separation between rooms simply means that there really is no separation of space for each individual and means that you will both be in the same space while you are in you home — unless you go to the bathroom Also storage can often be an issue when selecting to live in a studio apartment especially if you are moving from a larger place such as a one or two bedroom unit or even a house. If you are making this transition, you will often find that you will not be able to bring all of your possessions with you to the home and will end up having to put some of your things into storage. In the event that you have to rent a separate storage unit for your things, you may find that the costs that you save from living in a studio end up getting offset by the costs of renting a storage unit.nbsp; Living in a studio apartment is definitely not for everyone; however, it can be the perfect way to live in an efficient and cost-effective way. What are your thoughts on studio apartments? We would love to hear from you, leave us a message in the comments below. Get A Free Home Evaluation

 via Edmonton Real Estate Blog http://www.paranych.com/blog/the-advantages-and-disadvantages-of-living-in-a-studio-apartment.html