Apartment or flat?
Text from 2019. Laws, rates and prices may have changed since then. Ask an agent
The word "apartament" (apartment) is often used in articles about property. It is associated with luxury and something exceptional. However, a person looking for a home can often be misled when the word is used in the wrong context. Find out more before you decide to buy or rent a prestigious property.
Apartment – what is it?
An apartment is a luxury residential unit. In listings, however, the term was often used without justification. Awareness of the property market is now growing, and higher-standard flats are clearly being distinguished from apartments. A residential unit called an apartment must have a suitable interior layout. The rooms that should be in it are: a living room, a kitchen (these rooms can be combined), a master bedroom, a study or guest room, a main bathroom, and an additional utility room. This layout can be extended with more bathrooms, a walk-in wardrobe, or more rooms. Luxury units usually have a floor area of at least 100 square metres. Smaller flats should not be called apartments.
Characteristics of apartments
If we want to talk about an exclusive property, we must also consider the building it is located in. The architect's design must be impeccable. A residential building should have a lift and a garage or underground car park intended solely for residents. The grounds of an apartment estate are usually guarded, and individual buildings have a reception desk. The corridor fittings are also distinctive and executed very precisely. In apartments we will find air conditioning. These are carefully designed and finished spaces that are pleasant to live in and well lit.
READ ALSO – RENTING OUT APARTMENTS AS A WAY OF EARNING FROM PROPERTY
Is it worth it?
Apartments are often found in big cities. It is a very comfortable but costly solution. It is worth considering buying a luxury residential unit, but we advise caution. Many flats have high standards, and their prices are much lower. Everything depends on the investor's preferences. The REMAX Gold estate agency's listings include higher-standard flats and apartments.
Tags: apartments, interesting facts, for buyers, tips, property market


