Published at Monday, February 11th, 2019 - 13:08:24 PM. Apartment. By Austin Lagi.
Tips To Find The Best Apartments for Sale in Colombo : Understanding The Market For Apartments For Sale And How To Decide On The Type Of Property You Would Want To Own In Colombo Popularity Of Apartments For Sale With the growth of the economy in Sri Lanka, there has been an increased focus on the real estate market within the island as well. Due to the higher concentration of development occurring closer to the capital city Colombo, it has also increased the demand for property either for purchase or rent in the vicinity. But such rapid developments and increased demand has also led to a scarcity of free land available. Since the need to buy home properties has to be provided with a solution, many leading apartment builders have begun several projects to provide potential homeowners with viable solutions to choose from. This sort of developments is supported by statistics that indicate that the entire Western province covers only 6% of the countrys land areas but close to 28% of the population seek to make their homes in the area. Since this trend has been on the rise during the past few years, now you can find many apartments for sale and also apartments for short term rent that can be chosen according to your requirements. There are also several good houses for sale available in nearby areas but due to the high prices, they are not suitable for many interested homebuyers. In terms of apartments there are broadly two categories, namely, luxury apartment projects and micro apartments available for consideration. Types Of Apartments For Sale Popularity of luxury apartment projects In previous times, real estate agents and property developers focused more on offering stand-alone houses for sale. But now, with the limitations highlighted above, these developers have looked to offer those who want to buy home units the option of choosing from luxury apartments. It has been found that the demand to buy apartment that fall into the luxury category comes from the Sri Lankan community as well as foreigners. Such investments made in relation to own properties in Colombo area have also shown high increase in popularity. As per the statistics gathered up until 2015, there have been close to over 2600 luxury apartment units and it is further estimated that this number could reach close to 6000 units by 2019. Such luxury units are also found to be available for those who wish to rent an apartment, giving rise to more and more apartments for short term rent being offered. Potential for micro apartments in Sri Lanka Another alternative to houses for sale is the availability of real estate in the form of micro apartments. Many apartment builders have also invested in such projects that have been in high demand among those who want to buy apartment space in Colombo. The target market for this type of property has actually found appeal among the affluent customers who might even want a luxury apartment as well as middle-income individuals who want to invest in such a home for them. Similar to the above category, this type of housing solutions are also available as apartments for short term rent for those who are unable to buy home units by making an outright purchase and therefore look to rent an apartment instead. This opens up the possibility for more home seekers to get closer to their dream of owning a home in a prime city location. Choosing Between Apartments And Houses For Sale When you consider purchasing such properties you should be prepared for making the investment. The main decision you would need to make would be in relation to whether you actually want to buy apartment space or you still would like to look out to buy home in the form of a separate house. As a primary consideration when you invest in real estate you would need to decide on the space or size of home. Normally houses in Sri Lanka tend to cover about 2700 sq ft while an apartment would generally fall in the range of 1000 to 1500 sq ft. In addition apartments tend to offer additional services such as security, cleaning, waste disposal and other recreational facilities that are normally not available with separate housing units. But on the other hand, you might want to consider the following that are normally not available with apartments. When you buy apartments you will get a limited parking slot allocation Modifications are not possible Most apartment complexes have restrictions on owning pets Your possibility of engaging in gardening activities is very minimal Considering When To Rent An Apartment Due to the various requirements of homeowners there are several other options made available in terms of being able to rent an apartment. Many individuals who would be looking at living in small living spaces for short periods of time can consider finding apartments for short term rent. Since there is a high portion of the population that need to find accommodation to travel to work and for other arrangements in the city limits, this has become more of a financially viable option many prefer. Depending on the requirement you could even arrange to extend the rental period once agreed with the renter. This is also a great way to check whether you can adjust to an apartment style living. If the lifestyle appeals to you, with time, you could also consider owning an apartment of your own.
Serviced Apartments - What Every Traveler Must Know : Nowadays, serviced apartments have gained popularity among travelers due to a list of benefits they can offer. More and more travelers find it more convenient to stay in this type of accommodation because it is cheaper than a hotel room while being ensured of a safe and comfortable place to stay. Advantages Of Staying In Apartments 1. Inexpensive Yet Comfortable Accommodation If you are fond of traveling, may it be for leisure or business purposes, you might be very familiar about hotels. What other people do not know of is, staying in a serviced apartment is like staying in a hotel room. The same safety and comfort can be provided to you when you choose to stay in a serviced apartment. 2. Privacy It is normal for anybody to treasure privacy. When you choose to stay in a serviced apartment, you are ensured of superb privacy. Staying in such type of accommodation is similar to staying in your own home. 3. Complete Amenities The good thing about staying in serviced apartments is the opportunity to have an accommodation which offers a wide-ranging facilities and amenities. You can cook your meals because there is a fully-equipped kitchen, you can do the laundry because there is a washing machine inside the apartment, and you can do other routines which you usually do. In addition, this type of accommodation has modern facilities such as a gym, salon and spa, and restaurant. If you want to save more money, you can just shop for raw meat or foods and you can cook them inside the apartment. 4. Pets When traveling, you might want to bring your dog or cat with you. Good thing a serviced apartment can allow you to take your pets inside the apartment. With this, you only need to pay an extra amount to your apartment provider. 5. Accessible Location Traveling is easy when your accommodation in conveniently situated at the heart of the city. With this, choosing an apartment is a great choice because most of these apartments are located at the city center to provide you a hassle-free trip. 6. Can Accommodate A Family Or Group of Friends Apartments are perfect for a group of people who travel together. Compared to a hotel room, an apartment is more spacious, which is why you can be ensured that everyone has enough space inside the apartment. Finding Apartments When you are looking for an apartment for your future trip, you can find a lot of choices online. The best thing about online hunting is the convenience it brings. No need to go out of your house or office to book for an accommodation because there are a lot of apartment providers you can find online. Specific rates and testimonials can be viewed online too. You can immediately contact the service provider for your inquiries.
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