WHY ARE TOP FLOOR APARTMENTS MORE EXPENSIVE?

When it comes to renting out an apartment complex, the first question that comes to mind is which floor to choose – bottom floor apartment, middle floor apartment, or top floor apartment?
Every floor has advantages and disadvantages, and you must select a floor based on your preference.
People frequently select top floor apartments because of the views, but have you ever wondered why are top floor apartments more expensive? Continue reading to find out why.
For starters, the disparities in apartment complexes occur when the buildings are six or more floors high. If the apartment building is only three stories high, the dissimilarity is minimal, but it exists.
Before you finalize your decision, there are certain key factors you must consider. Take your time and choose the floor that best fits your lifestyle.
For example, whether you have children, pets, want low utility bills or want a better view, these are some of the variables one may want to consider.

PROS AND CONS OF TOP FLOOR APARTMENTS

Moving to the top floor is the most sought after, but it has its drawbacks as well.
According to many, the best advantage of living on the top level is the view – whether you are near a skyline or you have the trees in your view. Your gatherings will become more visually appealing and you will have more light.
Furthermore, you avoid a lot of noise pollution. If you live on the top floor, you prevent a lot of the loud distractions that you would have encountered if you lived on the lower floors.
Another benefit is security. Normally, if you choose a top floor apartment for rent, you are less vulnerable to break-ins because you are the last option a criminal would consider breaking into.
Thieves mainly mark easy targets residing on the lowest floor since it is easier to carry out belongings from there than from the top floor.
Lower heat expenses on a top floor apartment are also a benefit; it is commonly known that upper floors are more heat prone, which is a great for cutting heat expenditures during the winter season, especially if you live in a very cold area.
Lastly, you avoid pests as well.
For the reasons above, the question, ‘why are top floor apartments more expensive?’ finds solid reasoning backing it.
Now on to the DISADVANTAGES of living on a high floor or top floor:
Being noisy is considered unethical and unkind to your neighbors, so you must exercise caution when thumps and stomping around because your neighbors may complain to your landlord, or in intense cases – the authorities.
Also, carrying heavy items up and down multiple staircase flights is inconvenient, and even if you have an elevator, waiting for your turn might be troublesome.
Before purchasing a new bed or a 4K TV or really consider the measurements of the hallway to make sure these items can fit up the stairway. Otherwise, for those heavy grocery days you’ll have a built-in stair master!
As mentioned above, top floor apartments have cheaper utility bills in the winters. On the contrary, the cooling expense is on the higher side for top floor apartments as they are generally more humid and hotter resulting in a higher air conditioning bill.
Safety concerns have a distinct perspective as well. While it is safer in terms of break-ins, it is more worrying when considering unforeseen consequences such as fires or earthquakes and then having to use the emergency escape.

PROS AND CONS OF A MIDDLE FLOOR APARTMENT

A big advantage of a middle floor apartment is that you get the best of both worlds in terms of utility bills. They are consistent, which allows you to manage your budget much more efficiently.
Your winter utility expenses are lower since the middle floor is not as cold, and your summer utility expenses are lower as well because you use the air conditioner less in contrast to the top floor, which is rather frigid.
Moreover, you have less noise to contend with from the streets as opposed to the lowest level, which is immediately exposed to outside noise, and hall noise is also mitigated to some level.
You also have fewer stairs, so ordinary things like the laundry or grocery shopping won’t completely exhaust you and leave you feeling like you’ve just completed a strenuous exercise.
Now on to the CONS.
The noise of the complex is amplified as it is received from both ends, upper and lower. If you are stuck with noisy neighbors, you will get mentally exhausted from the constant noise pollution.
Maintaining or lowering your noise levels may be an inconvenient duty for you as well, as you are aware that people live underneath your floor and you must keep a particular level of decorum.
There are no seasonal utility bill breaks either on the middle floor apartment, so you must continually deal with an average amount as opposed to the top and bottom floors, which do get one.

PROS AND CONS OF A BOTTOM FLOOR APARTMENT

Since we have already addressed middle floor pros and cons, we will address bottom level pros and cons.
The plus points are:
As you are on the lowest level, you can simply go back and forth for supplies without feeling fatigued, and you can also easily carry in large objects such as furniture or electronics.
Low air conditioning costs are another advantage because the weather is colder in comparison in the summers and you may reduce the burden of air cooling bills.
In the event of a fire, you may simply rush out, as opposed to other floors, which must either utilize the emergency escape or use the stairs. You also do not need to worry about stomping and creating noise pollution for the neighbors below you.
In contrast, the CONS are as follows:
You have a higher probability of being caught in a theft. After all, you are the easiest target for thieves since you are on the lowest level, which enhances their chances of escape.
In comparison to higher-level floors, lower-level floors are more pest-infested and more likely to encounter bugs and insects.
Missing out on views, you don’t have anything to look out at or wake up to, you have the same surroundings, which can be monotonous; however, if there is a backyard you have ease of accessibility to that feature.
Noise issues occur because you have so many floors above you and the main hall outside your apartment, which can result in more sound pollution.

VARIOUS OTHER FACTORS/QUESTIONS TO CONSIDER

1. Outside noise: Are there any outside influences?
2. Facilities you want to avoid: Is there heavy hauling/ laundry needed to be done?
3. Budget/Affordability: Can you bear the extra costs due to floor differences in terms of billing?
1. If there are any local stadiums or unions that generate a lot of noise, you should choose a different block or, at the very least, a higher floor to avoid that issue since the constant clamor will become tiresome sooner or later.
2. If you frequently update your furniture or tote heavy equipment for work, you should look into the lowest floor possible; it will be more convenient for you to travel back and forth without it being a headache.
3. The higher the apartment, the greater the cost, and then people begin to ask the same question, why top floor apartments are more expensive?
The arguments have previously been established; the question now is whether individuals can truly afford it. If it is a little out of your budget, opting for a lower floor is a better option because it will not give you ongoing tension.
In conclusion, the best floor to live on in an apartment complex requires multiple aspects to be considered before selecting the ideal apartment.
It does not matter if the procedure takes longer than usual as long as you obtain the intended outcome at the end.
Each floor has its own set of benefits and drawbacks, and you should choose the option where the benefits outweigh the drawbacks for you.
Some people want a better view, some want less noise, and some want consistency in their electricity expenses, and there are solutions for every one of these people.
Happy hunting! We hope you find your desired apartment, catering to all your needs.