Today, a buyer prefers to buy a home in a high-rise building but the main question that always comes to his mind is whether he should opt for a house on the upper floors or lower floors?
This confusion creates a delay in decision making, so here we are with a blog that will provide the advantages and disadvantages of both choices to help buyers.
In metropolitan cities, high-rises are currently the most popular option for working professionals who are interesting in buying a property. Every other day, we can see a new project coming up by eminent developers. Taking all the limelight as it allows a large number of people to reside close to city centres; high-rises can also offer beautiful views of the city’s skyline.
The benefit of opting for a higher floor of a building is that you stay away from the incidence of pests, such as mosquitoes, house flies, ants, etc., which is also lower on higher floors of a building.
The lower floor lack privacy as compared to higher floors. Also, the noise level in such homes for sale is much lower than in units nearer to the ground, which are close to the main street.
So, it is advisable that if you are planning to buy a house in a high-rise towered building, then look at these several factors before you lock the deal.
Get Exposed More To The Elements Of Nature
Upper floors in a high rise building are naturally lit and they absorb more sunlight with proper ventilation as well. However, this will make the home much hotter in summers and the cold breeze will make it even colder in winters than compared to lower floors.
Higher Use Of Electricity
A house for sale which is hot in the summer and cold in winter would require your air-conditioning and heating systems to run more frequently.
The lower floors are cooler as they have other units built over them and that in a housing community, buyers will have another reason to prefer it.
Subsequently, it can be that your electricity bill would be much higher than your neighbours on the ground or lower floors.
Resale Value Of Property
The resale value is quite different on the lower floors and the higher floors. Homes on higher floors are usually preferred by young buyers, as for them taking the stairs is not a problem even in the case of a power cut.
In families, the families that have children and senior citizens as members will not prefer homes on the upper floors. Hence, the demand for such properties for sale is limited. So, whenever you decide to sell such a property, then in some cases you may find it difficult to get a buyer quickly.
Rental prospects
Whenever a buyer decides to invest in real estate, he smartly considers the rental prospects and that makes houses on top floors a little less favourable by the tenants especially those who have families.
Tenants prefer conveniently approachable locations. For example: In Mumbai as the rainfall in the season and floods are common, prefer homes on the higher floors, whereas renters in the NCR prefer lower floors.
Thus, there are both pros and cons of buying an apartment in a high-rise building on either lower or upper floors. So, think wisely and invest smartly.
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