Efficiency and Studio Apartments: What’s The Difference?
The bright, spacious studio you’re marketing is extremely popular with young professionals – but wait. Is it a studio, or is it an efficiency? The terms are often used interchangeably by real estate agents, because the lines between the two are fuzzy, and price isn’t always indicative of which one you’re getting.
While studios and efficiencies are often the smallest available units in real estate, an efficiency apartment is the smaller of the two. Studios can be large, open spaces, like an upscale converted warehouse, and even include a loft.
Both studios and efficiency apartments have separate bathrooms, as outlined by U.S. housing laws, but an efficiency apartment has a full separate kitchen as well. An efficiency kitchen is not separated by a door, but compared to a studio, where there’s basic appliances in the main room, it may make a difference to renters.
Studios and efficiencies both one-room apartments, with the bedroom, living area and kitchen integrated into one area. They can also be advertised as ‘junior one bedrooms’ if the space also includes an alcove where a bed can be placed.
No matter which one you advertise, the best policy is to show the unit to your renter before signing the papers. Because the terms are used interchangeably, both can be small and cramped or a spacious loft apartment. Make sure your clients know what they’re getting by giving them a tour of the apartment.
Also check out: what’s the difference between a lease and a rental agreement?