A buyer is frequently puzzled over which floor is ideal for their residence. Most Pakistani cities are expanding vertically due to their increasing populations and the lack of available space to house them. As a result, real estate companies in Pakistan are developing high-rise apartments in both premium and budget-friendly categories to reach a wide range of property investors from various income brackets.
Rushing the choice of which floor to settle on is never a good decision, regardless of whether you can increase your rental yield, provide higher returns, cost you less initially, and much more tend to live in the apartment or will soon resell it.
Graana.com, Pakistan’s smartest property portal, has compiled a list of factors you should consider before choosing the right floor while renting or buying an apartment.
Factors to Consider While Choosing High-Rise Apartments
If you are considering high-rise apartments for rent or purchase, here are some essential factors to consider.
- Privacy Concerns
- Light and Ventilation
- Rental Returns
- Price of the Apartment
- Water Seepage
- Ease of Access
High-rise apartments always have the best views from their windows and balconies. However, the selection is based on the location of the apartment building. High-rise apartments typically provide a greater perspective.
On the lower levels, however, whether you choose a view of the street or a park around the building, there isn’t much to look at in terms of the expanding skyline that the higher floors offer. If you value stunning scenery, higher-floor flats are ideal.
Ground floors are typically less safe than higher-level apartments, and they are generally less secure due to their ease of access. Privacy is often the motivating factor when choosing a Higher floor apartment in any building.
The upper floors of high-rise buildings are relatively quiet regarding foot traffic and public transport noise. The taller buildings will have fewer people gazing into your apartment from nearby buildings, enabling you to sit in absolute privacy on your terrace.
Ground-floor apartments are more prone to harm, such as intrusion and robbery. Nevertheless, whether your building has strict security and 24-hour surveillance is also a factor.
It might be tough to decide which level to buy an apartment on, but the investment should never be made at the price of your family’s safety and security. Even if you obtain a fantastic bargain, avoid buying any of the lowest-priced apartments unless the complex is exceptionally safe and well-monitored.
Lower levels often pose a security concern and are more vulnerable to break-ins and thefts.
Light and Airflow
People who live on higher floors get more natural light and air because the sunlight doesn’t get blocked. If you want lots of natural light and a light breeze, you might want to live on the top floors of a high-rise building.
Lower floors don’t get as much light and air, especially in cities with many people. Houseflies and mosquitoes are also less likely to intrude on the upper floors.
Even though there are many benefits to buying a flat in a high-rise building, it may not be a good idea to invest in a lower-floor apartment, especially if the residential tower is in a busy part of the city.
People on the first, second, or third floor may have to deal with noise from the streets below because sound travels up.
Price of the Apartment
There are some benefits to living in a higher apartment, but better value for money is usually not one of them. Generally, apartments on higher floors cost more, and penthouses are the most expensive apartments in most residential complexes.
In a country like Pakistan, where summers are hot and humid, an apartment on the top floor will also increase your electricity bills because you will need air conditioning.
Most of the time, higher floors cost more than lower floors due to a constant need for air conditioning. Also, the top floors are often turned into penthouses, making them the most expensive option. So, if you want cheaper alternatives that won’t break the bank, the best place to look is on the lower floors.
Most drainage problems and water seepage happen on the top and the ground floors, and this can become a constant problem for the residents, but it also depends on how well the developers set up the drainage system.
Ease of Access
Most people choose to live on the first floor because it is easily accessible. Even though most apartment buildings have multiple fast elevators and backup power, there are still many things to consider.
During rush hour, there may be many people in the elevators, especially if the building only has a few. Also, if the backup power goes out, climbing the stairs to get to higher floors will be hard.
If someone in your family is disabled, they can’t go up the stairs, and there might not be enough room for a wheelchair in the elevator at busy times.
Due to Pakistan’s hot and humid weather, many people choose to live on the ground floor. If you live on a higher floor, you would have to use more electricity to keep cool.
Since apartment buildings have seen a rise in Pakistan in the past few years, people prefer to live on the ground floor, which is the most similar to a house.
People in this country also tend to live with their families, and the presence of elderly or disabled family members or children may also be something to bear in mind.
Once you understand what to consider prior to making an investment, deciding which apartment floor to purchase will become a simple decision. Keep the above-mentioned considerations in mind when purchasing a new apartment in a high-rise building. For more information, follow Graana’s blog.