Due to a variety of buyer misconceptions, buying on the ground floor has traditionally been frowned upon by most investors. Appraisers estimate that these ground floor apartments often take a lot longer to sell and that they do so for about 70 days longer than the industry average. However, after reading this in-depth list of advantages and disadvantages of renting a ground-floor apartment in Gurgaon, it might be time to change your mind.
Pros of ground Floor
Of course, the convenience of less hard lifting and lugging up flights of stairs would be the first obvious benefit to a ground floor flat. People who live and work together, elderly people, people with disabilities, and perhaps even people who would look ridiculous without their high heels want to avoid stairs. Dog owners and families with young children may also favour the floor level because there are no below-floor neighbours to annoy. This also makes these apartments perfect for remodelling jobs.
Some ground-floor apartments also offer direct access to a garden or terrace in the backyard. In Gurgaon, a city with very little outside space, this is a highly sought-after asset. Stronger water pressure and a quicker evacuation in an emergency are additional factors that you might not have thought of. Less direct sunlight keeps temperatures cooler during the intense Gurgaon summer, which is especially important considering that not every apartment in Gurgaon has an air conditioner.
Nonetheless, the low cost of living in gurgaon makes living on the bottom floor the most enticing option. Real estate appraisers believe that lobby-level apartments are worth 10–20% less than an equal on the second floor and 15–25% less than one on the third floor, so you can definitely get more for your money. All flats typically sell for around 28% less than average, and there are far fewer intense and competitive bidding battles. Renters receive a comparable reduction, plus they have more leverage to negotiate a lower price for a ground-floor apartment since they can add the extra security and privacy precautions they need.
Cons of The Ground Floor
Despite these benefits, a ground level flat still has issues because they might potentially become disadvantages. Natural light, for instance, is frequently the deciding factor that can make or break the choice to move. Beware, plant owners—even if the temperature may be controlled more readily on lower floors, sunlight might be scarce and some homes may even seem a little cavernous. The highest levels, which receive more light, are not obscured by neighbouring structures. Additionally, there is the problem of the views being of low quality, if any at all, as trees and plants may readily block them.
There is less privacy from bystanders who may readily peep into your flat if further concealing attempts are not performed, particularly in popular or tourist-heavy locations. Be careful to calculate any additional work and financial expenses associated with putting security requirements into practice. This is due to the fact that upper flats are farther from the street and frequently have windows that are out of reach.
Living on a busy street also causes passing vehicles and pedestrians’ dust to enter your flat. Insects and wildlife can also be found in this area, and they can get into ground-level windows and doors through gaps and fissures. Then, everyone near your apartment will start making noise, causing problems. Noises from upstairs neighbours and, in particular, foot traffic from your complex’s lobby might be very concerning. Vehicle traffic and even boiler noises are some loud sound sources to be mindful of.
We hope that this analysis of the benefits and drawbacks of living on the ground level will help you make an informed choice when looking for a new apartment, whether it be to relocate or invest in Gurgaon. To get the best deals in Gurgaon and the most luxurious apartment, call us today and save your money on brokerage.