What Is a Studio Flat?
Whether you are in the market for a new living situation or you have a property that you would like to sell, knowing some key industry terminology is important so you (a) know what a listing means and (b) create a listing that is compelling and effective for prospective buyers. With that in mind, what is a studio flat? What are some advantages and some potential drawbacks associated with this type of living space?
What Is a Studio Flat?
Let’s start with what a studio flat is not. While they share some similarities, a studio is not a one-bedroom flat. With a one-bedroom, you have a bedroom, living room, kitchen and bathroom that are all separate rooms. In some flats, the kitchen and living area may be combined in an open concept plan, but in any event, the rooms are separate and distinct.
In a studio, what you see is largely what you get! While it does have a separate enclosed bathroom, the bedroom, kitchen and living room are combined and no walls separate them.
What are some pros associated with a studio flat?
• Rent will be lower than a one-bedroom (or multi-bedroom) flat. One obvious benefit of less space? Less you pay out in rent each month. Rates vary according to area, of course, but a studio will most typically cost less than a one-bedroom in the same area, all other factors being considered. This can open up new markets, as it were. For example, it can make living in an expensive locale like London within reach for many more people.
• Utilities are also less expensive. Heating, cooling and lighting a studio is less burdensome. The open concept allows for more efficient air flow, and you have fewer meters worth of real estate to power.
• There’s less to clean! It’s hard to accumulate stuff when space is limited. This is a great opportunity to declutter your space and your life. Research shows that a cleaner, more streamlined, and clutter-free (or at least clutter-less!) home improves mood, leading to increased calm, happiness and a sense of control. Plus… chore time will be over in a snap.
• It works perfectly for a variety of people. Studios are all but tailor made for students, busy professionals, those who travel extensively, etc. A smaller space meets their needs and allows them to keep their focus on their studies, their work and their next journey.
• There is a strong market. If you own, it can be quite easy to resell a studio or building with many units in most markets. As a buyer, you know you are making a good investment for your current needs and your future goals.
Now, life isn’t all sunshine and roses, at least not all of the time! It is important to consider some potential drawbacks.
• Space is limited. This is a benefit as we’ve seen above. But it can feel confining for some. With a little creativity, you can turn it into a positive. Many studio-dwellers say their homes encourage them to get out and explore more.
• Privacy is limited. If you have a flat mate… we hope you like them! A studio can test even the closest relationships. If you live with a partner, it is difficult to find your own space for quiet. If you have a friend or family member living with you, you’ll find it challenging to get away for some you time. Non-permanent half-walls or room dividers can help – so can earbuds or headphones!
• Storage space is lacking. You won’t have closet space, and finding places to store your belongings can be tricky. Yes, it’s a chance to declutter, but if you have sports gear, recreational equipment, a bigger wardrobe, work supplies, etc., you may not be able to store it all at home.
• Entertaining can be challenging. A dinner party of, say, six can be a tight fit. You may have to use some more creative ideas, or just go to theirs!
• You have to do off site laundry. Lugging laundry baskets and bags to an offsite laundry facility can get old, especially if you have a few flights of stairs to trudge up and down.
What is a studio flat? It could be your next home. Is this the right situation for you, after weighing all the pros and cons?
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