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Sparklepop | Which of these 3 apartments would you go for? |
My boyfriend and I are having an apartment dilemma! We've found 3 at the same price, but can't decide between them. Want to help me decide?! :-)
The first is in a brilliant location and is gorgeous; but it has curved outer walls, odd-shaped rooms and a small lounge with a slightly awkward pillar in the middle which divides the room into 2. This one gives us the biggest buzz, but we don't know if the space is workable.
The second is the sensible option - good sized, even rooms, 2 parking spaces (which is rare in the city centre) and in a good location. But it's missing that x-factor!
The third is the most spacious and stunning, and has a huge balcony overlooking the city. However, the area isn't great and it's the furthest from town... although this area is supposed to be totally revamped in the next 5 years.
So which one would you go for?! Location and buzz, the sensible choice, or the stunning one in the currently bad area?
Thanks guys! xx Emmie
Additional Details
I should have said - we're buying, not renting :-) |
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Tefi
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I would go for the one that is likely to make the most money come resale time. If you are renting either of these places, then you can make whichever decision you like, but if you are thinking of buying it, then you want to make sure that you will be able to sell it, at a good profit, when the time comes, in which case, things like wow factor and stunning views may well count less than good size rooms and two parking spaces. If you are spending money to buy, then the sensible option is just exactly that. Chances are you will be able to resell it easily at a good price, especially if you do the decor particularly well. Nice neutral colours with accent colours and keep it nice and open to maximise the space.
Although the third one could well be a good investment if you intend to stay in it long term, bad areas do so often become good, and then so good that everybody wants a slice of the action, this is happening now in parts of East London due to the Olympics here in 2012, but bad areas also take a long time to lose their bad reputations, and even with massive investment, it is not always easy to create a good area out of bad, so whilst the property itself may be the best for resale, it may be that the area will prevent people from moving there when the time comes for you to sell.
The first one, is too whacky and out there to guarantee a good sale when you want to trade up, you would need to rely on somone buying it who wants that wow factor, these buyers do not come along as often as one might think, like you, people know that if they are buying, a sensible, resaleable option, is likely to be the better, and in truth, though a little duller, it is the one I would go for. The two parking spaces, generous even rooms and good area are things that people will always be looking for, and if you are buying, I would go for this type of property every time.
As I said, if you are renting, you can afford totake the chance, and it really comes down to personal choice Just think though, if you chose the one in the bad area, if you have to come home late at night on your own, slightly worse for wear, would you feel, or even be safe?
Good luck, whichever you chose. |
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Ozeki
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#3 if you're staying for a while. |
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Confuzzled
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No 1. is no good because if you are picking up on the 'negatives' yourself about the property then others will when you come to sell it on!!!
No 2. You can ADD the X-Factor yourself!
No 3. Revamped areas are 100% your best bet! they almost always increase rapidly in price and the nasty elements tend to be turfed out because they can't afford the prices anymore!
On the whole go for number 3......that little bit of extra revamping in the area will boost you, your investment and your pride! |
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PurplePompeyChic
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location and buzz if you are renting - sensible for buying - stunning if you have money to risk |
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Elliot Ness
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I'd move to the country. oh wait that's not an option. If those were my only choices I would probably go for #3, if you are buying, could make a nice return if the area is an up and commer. If renting then, #2. |
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Pleasant Peter Perkins
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I'd go for number 3. It has an upwardly mobile buzz! Things will be getting better there and hopefully...so will your lives!
I bought my house for $78,000 ten years ago in a run down area. Since then they have built a new university just down the road and my house is currently worth $290,000. |
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DANNY C
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you rarely if ever have enough room in an apartment. so if you,re committed to each other and your info is correct go for choice three. |
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tinnee
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I would take the third even if you are far from the town. sometimes u do need peace and tranquility that what the balcony is for. The area may not be great but if its liveable go for it |
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Natlo ♀♀
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I would go for the 3rd one, or eventually for the 2nd one but certainly not for the 1st one. If the space isn't workable, what's the point? It could end up being a nightmare.
As for the 2nd one, you say it misses that x-factor, but maybe it can be changed thanks to your hardwork and imagination.
And about the 3rd one, if you're sure the area is going to be revamped, the go for it. Of course you can never be sure as, in the end, it's a political decision and well... but maybe you could risk it. |
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Ski owl
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The 2nd I've been in small and odd sized places for too long. |
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ann
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I would go for the parking spaces and good location. You can spice up the place with decorating. I've lived in a place that was nice but located away from the city, with no restaurants or shops to go to, it got very boring. And you already sound uncomfortable with the odd-shaped living area, so why take that one? The second option sounds best. |
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Cotton Tail
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I'd check out the plans for the area that #3 is based in. If it looks promising, go for it. You could make a lot of money and in the meantime, you'll be living in the most spacious flat. Check the bus links from town to the flat, if you don't feel comfortable walking around on your own.
The only thing to consider is that if you buy this flat now, in 5 years time it might be considered outdated. So I'd do some research about that and bear in mind that in 5 years' time you might need to update the kitchen or bathroom to keep up with the new builds in the area. |
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Miral d
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3 does sound the best, i think living out of town is better and then when you want to travel into town you can have more fun and make a day of it?
is the area really that bad? if it isnt then go for it. |
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honey
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Number 2,and create your X factor with your own furnishings.The parking places are a defnite plus point in the city.If you don't need 2 parking places,maybe you can make some extra money and rent one out. |
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Robin
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No. 1. That's your 1st choice. There are 3 reasons in buying/renting a property. It's location, location and location. That's the deciding factor when someone wants to buy your unit. |
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SUE G online
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I would go for number 2 the sensible choice, it has everything except the x factor, you can give it the x factor, by how you decorate it and furnish it, have fun |
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jennifer f
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i would probably go for the sensible one as it may not be anything much at the moment but you could give it that x-factor by adding your own personal style to it in the way you decorate and arrange the rooms.
if as you say the area on the third one is going to be revamped in the next five years you have to think about whether you would be happy to move there now and await the revamp, if so then go for number 3.
i dont think i would go for number 1 though as it sounds like it might be nightmare to furnish. i have only given you my opinion based on what you have described. without pictures it is hard to know for sure which would be best. |
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IRON MAN
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I'd always pick the best area to live. (My definition of this is the safest and quietest). I'd get building surveys done on number one and take it from there.
Good luck! |
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Share
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Go for the buzz! At the end of life people rarely look back and say "Wow, I'm glad I made all sensible choices and never went out on a limb or took any chances!" |
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Ben P
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2nd one, you can always spice up the inside! |
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shih tzu lady
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Location is everything. And two parking spaces with an apt. is unusual and very attractive. Sensible is what others will be looking for too and you can always give the interior that X factor with a bit of imagination - then you'll have everything when you come to sell it. Go for no. 2. Sought after location is an excellent selling point. |
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Beatrice C
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Sensible! Are you going to be renting for 5 years waitng for the area to be re-vamped?? |
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chirpy
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Hi Emmie,
For me, the area where I live is most important. I have a long commute to work and I was considering buying a place nearer to work. I could have got a bigger (and better?) place because prices are cheaper there (at least they were at the time). But in the end I decided to buy the flat that I was already living in, because I love the area and I feel happy here. I don't think I could be happy in the other area, no matter how nice the house would be. It is a nuisance to have the long commute to work but I haven't regretted my decision.
Something that is really important as well (I think) is the amount of natural light that the flat gets. How big are the windows and in which direction do they point? Will the rooms get plenty of sunshine and daylight for most hours of the day? People respond differently but generally the more sunlight there is, the happier a place will be (and it will be healthier as well because the sunlight destroys a lot of harmful germs).
One thing I would say though, you need to make sure that the place you're buying is structurally sound. That pillar in the middle of the lounge in the first apartment, is it a supporting one (if yes, you will not be able to remove it and make the lounge into one big room). If you're seriously considering an apartment but are not entirely happy with any aspect of it, you need to find out before buying if you will be able to make the changes that you want.
chirpy |
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