Luxury apartments in Bucharest represent important investments, whether you want to move or offer them for rent. Therefore, any purchase you want to make in the field of real estate, you must carefully evaluate the strengths and weaknesses of each option. It is important to analyze beforehand what you want, then it will be much easier for you to find an apartment that meets your requirements.
The field of real estate investment has experienced unprecedented development in recent years. So, in the 2022 represents one of the most coveted areas of investment among Romanians.
What to consider when purchasing luxury apartments?
Buying an apartment requires a lot of dedication and time on your part. It is not an easy task to find the real estate that fully satisfies you. However, in addition to the aesthetic elements, which criteria you must give special importance to when purchasing luxury apartments?
- location – Both the area, and the building in which the apartment is located plays an important role in determining the quality of a home. If you are not from Bucharest, it is recommended to make a careful documentation of the safest and quietest areas of the capital. You definitely don't want to live somewhere where you don't feel safe or where you can't get the rest you want. More than that, an apartment that does not have an effective location will be much more difficult to rent.
- Research the real estate market – It is an important step in the buying process, that is precisely why it should not be overlooked. Analyzing the market where you are going to make an investment helps you figure out if the price of the options you are considering is justified. Also, if you don't already have a well-established idea of what you would like, careful documentation will certainly help shape it ,,the ideal apartment".
- Visit as many properties as possible – Don't limit yourself to viewing the variants on the Internet! Although it seems tempting because it gives you the advantage of saving time, sometimes the pictures do not correspond to the reality. Because, you can't foreclose on a property if you don't see it with your own eyes.
- Check the distance between the apartment and the facilities – It represents a necessary criterion, especially if you want to save money and time in terms of shipping. Therefore, among the most important facilities are shops, pharmacies, parks, Public transport, schools and the workplace.
- Year of construction – It is recommended to opt for a property built as recently as possible. So, you don't risk additional expenses for repairs that may occur shortly after purchase.
- Maintenance fees – In addition to the fact that they must be justified, don't lose sight of checking what is and isn't included in the fees! So, you won't be surprised by expenses that seem too high or additional fees that you didn't know about.
- Parking lot – There is a possibility that the apartment you want to buy may or may not have parking included. Because, it is best to inform yourself and make sure that you are not missing such an important element.
Therefore, there are a multitude of factors to consider before making a decision. Because, in addition to the amount of money, it is mandatory to invest time as well.
In which area to buy luxury apartments?
There are several premium areas in the capital, sprinkled with a multitude of such luxury apartments. Therefore, among the most frequented alternatives in search of an investment are:
- North area – It includes some of the safest and quietest neighborhoods in the capital, such as Domains, Baneasa District and Aviation District. Within each neighborhood you can find luxury apartments that will satisfy your tastes and be close to the facilities you are interested in.
- Central zone – It offers you easy accessibility to some of the most trafficked areas of Bucharest, but finding a luxury apartment is quite complicated. Most of the buildings are old, especially when it comes to the surroundings of the Old Center or the University.
- Cotroceni area – It represents one of the most beautiful neighborhoods of the capital. However, the architecture is old, thus new constructions are very rare.
Therefore, the northern area is the one that offers you the most luxury apartments. Carefully study the market and find what meets your expectations in a premium area of Bucharest! So, you will be truly delighted with the property you live in or want to rent