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by Caroline James

Top or bottom?

Ground floor apartment pros

Courtyards

“The main advantage of ground level apartments is they often include courtyard areas that are much larger than balconies, which can almost act as another room if positioned well.”

Absence of stairs

“For areas with an ageing demographic, easily accessed downstairs apartments can be desirable.”

No neighbours below

No need to worry about bothering underlying neighbours, especially if you have children.

 

Ground floor apartment cons

Privacy/security concerns

“This is particularly so in inner-city areas, where a high proportion of the population are professional single female tenants and security is a top concern, and is reflected in rent prices,” .

Noise and disturbance

“Ground floor can be very noisy in regards to foot and vehicle traffic and being close to a side driveway means vehicle lights can often shine into living rooms.”

Upstairs neighbours

“The noise produced by apartments above can be a huge concern for buyers and tenants.”

 

Upstairs apartment pros

Improved views

Views attract a premium when selling, especially in cities and near water.

More security and privacy

“Upstairs apartments are positioned further away from the street and generally have windows that are not accessible,” .

More natural light

This is important in the inner-city, where there is often more overshadowing from tall buildings.

 

Upstairs apartment cons

Less appeal for retirees and elderly

“For areas where there are larger populations of older people, stairs are a major concern so investing in an upstairs apartment without lift access can be unappealing to buyers/tenants,”.

Can be hot

Depending on the apartment’s aspect, upstairs and top-floor apartments can sometimes produce much heat during the day time in Sri Lanka.

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