When it comes to buying or renting a residential property, amenities and open spaces can often be the deciding factor. These features not only add value to the property but also enhance the quality of life for the residents. In this blog, we will discuss why are amenities and open spaces important in residential real estate.
- Quality of Life
Amenities such as parks, gardens, gyms, swimming pools and other recreational facilities improve the quality of life for the residents. They provide an opportunity for socializing, physical activity, and relaxation. Access to open spaces and green areas has been shown to have a positive effect on mental health, reducing stress, and increasing happiness levels. Additionally, amenities such as security systems, power backup, and garbage disposal facilities improve the overall living standards and make life more convenient.
- Attractiveness to Potential Buyers or Renters
Having amenities and open spaces can make a property more attractive to potential buyers or renters. Properties with amenities such as a clubhouse, kids play area, or a jogging track tend to have higher demand and can command a higher price. Open spaces and green areas are also increasingly popular among potential buyers or renters who are looking for a peaceful and healthy living environment.
- Investment Potential
Amenities and open spaces can also add value to the property over time, making them a good investment. Residential properties with amenities tend to appreciate in value faster than those without them. Additionally, open spaces and green areas can help to preserve the natural environment and increase the overall aesthetic appeal of the area, making it more attractive to potential buyers or renters.
- Health Benefits
Access to open spaces and amenities can also have health benefits. Regular exercise in amenities such as swimming pools or gyms can help to maintain a healthy lifestyle. Open spaces provide an opportunity for outdoor activities such as walking, jogging, and cycling, which can promote physical activity and reduce the risk of obesity and other health problems.
- Social Benefits
Amenities and open spaces can also provide social benefits. They create opportunities for residents to interact with each other, build a sense of community, and develop friendships. Community events and activities such as yoga classes or group walks in the park can bring residents together and help to create a positive social atmosphere.
Open spaces such as parks and gardens offer a respite from the urban environment and improve the aesthetics of the property. These features can attract buyers and renters who are willing to pay a premium for a higher quality of life.
In conclusion, amenities and open spaces are essential for creating a comfortable and healthy living environment in residential real estate. They add value to the property, improve the quality of life for the residents, and have numerous social, health, and investment benefits. If you are looking to invest in or buy a residential property, be sure to consider the amenities and open spaces it offers to ensure a better quality of life.