House or Flat

House or Flat?: 2024 Suitability

It is the first week of January, and those eager buyers and sellers are getting things together to join the new year rush in the property market. If you are among the many looking to buy property in Stockport, deciding between buying a house or flat is a big decision that impacts your financial future and lifestyle.

To help figure out which kind of property suits your 2024 needs, the team at Joules Estate Agents Stockport has some crucial factors for you to consider.

Thinking Financially

One of the most integral aspects of buying a home is navigating the financial landscape around it. Whether you are looking for a cosy flat or a spacious house, each brings economic implications that you should understand for it to be a sound purchase.

If you are planning on getting a mortgage to purchase your property, you will require a deposit to put with the amount you are borrowing, typically a percentage of the total property value. Houses will tend to be more expensive than flats, which would mean a larger deposit. Mortgage rates can also vary depending on the lender, so it is best to explore the best rates. Owning a house means you are responsible for all maintenance costs. Flats will often have a management company handling some general maintenance, which usually results in a service charge.

Houses will have higher utility costs because of the extra space and maybe less energy efficiency than a flat, and larger houses will usually fall into higher council tax bands than flats.


Your choice between a flat and a house will also be influenced by your lifestyle needs and preferences. These vary from person to person, but some common ground relates to everyone.

If you plan to have a family or pets, a house with multiple bedrooms and outdoor space is more suitable. Couples and singles may find a flat more than adequate for their needs. Flats tend to not have personal garden space – more communal areas or balconies. If you look forward to summers with the children and pets in the back garden, a house would be more suited for buying property advice.

Flats and apartments in a city provide a fast-paced lifestyle with many amenities outside your door, whereas a house is more suburban or rural, providing more quiet, laid-back lifestyles that families prefer.

When choosing between a house or flat in 2024, look beyond your immediate needs and consider your long-term life plans. Your choice of property can have a lasting impact on your financial and lifestyle aspirations. For more information on buying property or how to sell a house, contact the team at Joules today.