Apartments come with plenty of
possibilities and spark up new ideas to add new features once you move in.
Location aside, they tend to be far more affordable than bungalows and
villa-type homes, ask for less maintenance and complements to diverse lifestyle
for almost anyone who moves in. Despite the rise of community developments,
apartments promise healthy rental yields which is rather good news for the
investors.
The wide variety of apartments to
choose from however raises some challenges in choosing the best from the
ordinary. Priority though is given to capital growth potential, stronger tenant
appeal and comparably low cost which is something you’re unlikely to find in villas
and other such home establishments. Here’s what to look for;
1. The element of scarcity & micro-apartments:-
Scarcity occurs when the demand is
higher and supply is lesser which compromises the property value. Whereas
investing in a multi-storey high rise complex where each apartment is nearly
the same also restricts price appreciation in the long run.
If your budget permits, go for a
low-rise elite developments boasting small number of apartments or even
micro-apartments which are rising in fast developing countries. Such
constructions offer sense of exclusiveness which is likely to appeal both
renters and buyers while giving you an upper edge at the sales.
2. An enticing location:-
Convenient lifestyle with close
proximity to public amenities such as schools, shops, cafes, restaurants,
healthcare and recreational facilities are a few reasons making apartments more
appealing. Choose a unit which is centrally located to communal facilities yet,
away from the rush of the main roads where row upon row or apartment blocks and
houses spread. Choose an apartment building which faces north for most of the
natural lighting or, west for pleasant breeze.
3. Off-the-street parking:-
Car is perhaps the most valuable
asset after property investment which is why off-the-street parking can be a
deal clinching feature. That being said; sheltered and locked car spaces add
more value due to extra safety and double storage space.
4. The kerb appeal:-
Would you consider a residential
block lined with garbage bins at the entrance with a spilling mailbox at the
doorway? The very feel of living in such a place raises goose bumps whereas the
location is downright uninviting to both the tenants and buyers. In fact, value
of such neighbourhood declines along with the quality of living which means you
should take a pro-active approach to building maintenance.
Carefully eye for apartments that
caters to well-maintained outdoor areas and gardens thus complementing to the
curb appeal and also inviting prospect renters, buyers alike! Superior
maintenance asks for a higher cost which however is balanced in the long run and
significantly lower vacancy rates.
5. Pre-inspection of the unit:-
Always consider a complete inspection
of the apartment unit before you invest for extra safety, cleanliness and a
standard lifestyle. Arrange for a strata records and accounts that are managed
by the building owners’ association. The report would clearly tell the issues
that may be resolved or still under consideration.
Conclusion:-
Now that you’re
clear with the essential prerequisites, it’s time you finally buy aflat in Sharjah and enjoy a standard
lifestyle.
5 Essential Apartment Features to Consider Before You Buy
Reviewed by Pravesh Kumar Maurya
on
03:19
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