Builder floor apartments, or independent floor houses, have become the fashion for quite some time back as an alternative to two traditionally existing apartment buildings and villas. Builder floor apartments are often considered to be a halfway ground between an apartment and a full house, enjoying more privacy and area than an apartment but do not entail the commitment of taking a whole house or villa. We have discussed here the pros and cons of investing in builder floor residences.
What is a Builder Floor Residence?
A builder floor is a residential unit in a low-rise building, generally two to four floors. Each floor, by right, belongs to its owner. Owners have all rights on the floor. These homes provide a private style of living, which is similar to independent houses but within a shared building structure. Some projects have undertaken the concept and given all the luxuries of life along with other benefits.
What’s so special about Builder Floor Residences?
- Privacy and Independence
The biggest attraction of a single-floor dwelling is privacy. Apartments involve units that share walls, whereas a builder floor gives the feel of an independent house. With less noise from the neighbors, it is a quieter place to live.
- Customization
Compared to apartments, builder floors allow for more scope in terms of customization. Owners can personalize the interiors according to their tastes and preferences.
- Lower Density Living
Unlike multi-story apartments, where dozens of families may reside on one floor, a single-floor residence in a low-rise building ensures a less crowded space. As a result, it becomes easy to live a much more peaceful and relaxed life.
- No Maintenance Charges for Amenities
Common facilities, like a swimming pool, gym, or park, are most often not available in builder floor units; therefore, the overall maintenance cost is reduced. It is suitable for those who do not want to pay monthly charges for the facilities they hardly use.
- More Control Over Parking
Independent floor residences mainly have their respective car park sites, which are sometimes right on your doorstep. Of course, that is a big convenience compared to large apartment complexes which may be miles from the living unit.
Disadvantages of Builder Floor Residences
- Higher Initial Investment
The largest stumbling block of builder floor homes is its market price. Compared to apartments, such homes are usually priced at a premium because the primary focus is the larger private living space. For most, that equates to a price per square foot that might be meaningfully higher than for an apartment in the same area.
- Shared Amenities Limited
While for some, the lack of amenities will be a cost-saving advantage, others see it as a drawback. If you are the one who likes having access to a swimming pool, gym, or a clubhouse in your housing complex, then builder floors wouldn’t be a good decision for you.
- Maintenance Responsibilities
The owner of the unit, on a builder floor, is responsible for his portion of the construction. Unlike an apartment, where one pays a maintenance charge to have all shared services taken care of, multiple builder floor owners have to take care of their repairs and maintenance on their own, which can add up over time.
- Limited Security Features
Independent floor houses usually do not have 24/7 security, CCTV cameras, and gated communities, except in bigger projects. Hence, for those who are very concerned about security, this could be a concern for them.
- Future Resale Value
The standalone buildings may attract some issues while reselling. The future consumer might require apartments with better security, more amenities, and a more active social lifestyle.
Conclusion
Residency on builder floor has some pros and cons. Firstly, it offers much more privacy and greater flexibility to get customized according to one’s choice than an apartment. Additionally, low-density stay is provided. However, the initial cost is higher, not many amenity benefits to support your lifestyle, and you have to look after the house.
In a nutshell, a builder floor can provide something like an apartment way of living and freedom in independent houses but then is not for everyone. You can weigh your personal preferences, financial situation, and future needs to decide whether this kind of residence suits you best.
