A Fourplex, also known as a quadplex, is a multi-family home with four different living spaces and separate entrances. These units come in an array of formats. For instance, they can be side by side, stacked or even a combination of both. Here are some things to consider before moving into a fourplex or buying a fourplex.

Should you move into a fourplex?

Fourplexes are becoming more and more popular as they can be a good investment for real estate developers. If you're looking to stay away from tall Apartment complexes but aren't ready to buy, then a fourplex might be a good option for you. However, just like anything else, there are pros and cons to consider before moving into a fourplex.

Pros of living in a fourplex

Let's start by highlighting all of the benefits of living in a fourplex.

More space

A fourplex, generally speaking, offers more space for you and your family compared to a typical apartment or duplex. Depending on the layout of the building, the fourplex could resemble a larger house with each floor being its own unit or a series of townhouses or even a smaller apartment building.

Lower rent

A fourplex can be a better bang for your buck than other housing options. Of course, the price varies from place to place but you'll tend to see a lower price tag, especially if the landlord lives onsite in one of the units. Because of this, you might be able to find a fourplex in your desired neighborhood that is cheaper than the competing apartments nearby.

Lower buildings

If you're tired of living that high-rise life then switching to a fourplex might be the best option for you. These buildings tend to be considerably lower to the ground and more spaced out than apartment or even condo buildings. In a fourplex, you no longer have to lug your groceries up several flights of stairs or squeeze into a crowded elevator.

Good for families

Fourplexes are a great housing option for families because they are typically located in residential neighborhoods which can offer better options for schools. They also generally come with an outdoor space which is great for kids to play and be outside.

Utilities

Sometimes it can be hard for the landlord to know exactly how to split the utilities between each unit, but generally, the price of utilities in a fourplex is cheaper than your average apartment building. The main reason behind this is that you're living in a multi-family home and you're all splitting the costs equally.

Cons of living in a fourplex

Consider these cons before deciding where to live.

Privacy

Because you're living in a multi-family home, there can be a lack of privacy when it comes to living in a fourplex. If you're someone who doesn't want to run into your neighbors often then this type of living isn't for you.

It can be noisy

Similar to privacy, noise can be a con for some renters with fourplex living. You're closer to your neighbors in these houses which means you could hear them more so than if you were in a larger apartment complex that was more spread out.

Shared spaces can get crowded

When it comes to a fourplex, as mentioned, you're living in a multi-family home. Because of this, there will be some spaces that are shared such as the backyard. If you or your neighbors have a party in the back the space can get crowded and noisy quickly.

Far away from city life

Fourplexes tend to be located in suburban areas, farther away from city life. This can mean longer commute times and less activity variety. If you're someone who likes the hustle and bustle then this might not be the best housing option for you.

Knowing all your options is so important before you pick a place to live. As long as you do your homework you'll find the right place for you and your family.

Make a fourplex your new home

Fourplexes are a great housing option for those looking for more space, a suburban lifestyle and something different than an apartment. Yes, you'll have three other neighbors close by as the fourplex is one building, but four is a lot less than a whole apartment building.

Check out fourplexes in your neighborhood and consider making one your new home.

The post What is a Fourplex? appeared first on Apartment Living Tips - Apartment Tips from ApartmentGuide.com.