Are you deciding on a new home and you don’t know which property type is the right for you? This article will be your guide!
Choosing where to spend the next chapter of your life is not an easy decision. Years pass and our lives change; families expand, big decisions are made, and career steps are taken. Through it all, your needs, expectations, and priorities can change just as quickly. So it’s important to plan carefully and look well ahead when deciding on what your next home should look like.
How to Pick the Right Type of Real Estate Property?
Egypt presents a wide range of variety when it comes to real estate property types. Most gated compounds offer different units to choose from on their premises. Of course, your criteria would depend on several factors:
- Are you planning to buy your first home, or is it going to be a subsequent property?
- Are you looking for a place to reside for many years to come, or more interested in investment opportunities?
- Are you searching for a single house because it is the most suitable property type for privacy, or would a luxurious apartment located in a commutable compound be the best option for you?
- The best residential area for you and your family members.
It’s natural to have numerous questions and concerns at the planning stage of your future real estate purchase, and Nawy is here to help you out. Let’s explore the different real estate property categories so you can pick the type that suits you and your family the most!
Apartments
The type of luxury apartments grants you differs from one location to another, making it one of the most versatile property categories in real estate. While the idea of living in a close community, in a single building that shares walls with neighbors might not sound like the definition of freedom and privacy. So what makes apartments the right property type for different future home purchasers?
- Many high-end development projects redefine the apartment lifestyle with luxurious architectural features, generous space, smart home solutions, impeccable security services, and a large number of amenities.
- Additionally, it will be the right property type for you if you spend most of your time outside or at work, and have a small family. The convenience and practicality of an apartment can fit your needs perfectly.
- Not to mention that if you’re looking for a property for investment purposes, a luxurious apartment in a well-known compound can be a very valuable asset in this ever-growing city.
Duplexes
For medium-sized families or those who need a relatively more convenient floor plan, a duplex property may be the right home type for them. Despite being more pricey than apartments, duplexes typically include more bedrooms and bathrooms than a standard apartment.
Moreover, having two floors to yourself might help with some of the privacy concerns that generally accompany the idea of purchasing an apartment. While it would be a good idea to take some safety precautions for the stairs if you live with young children or elderly family members, a duplex can provide you with enough space to manage the living arrangements of the entire household.
But if you are a nature lover, would an apartment/duplex be the right property type for you? Absolutely! An apartment or a duplex with a garden may give you the best of both worlds. By opting for these units, you get to have a private garden to yourself, where you can enjoy an afternoon coffee, host some friends for an outdoor gathering, or play with your kids during your free time.
If your budget doesn’t allow for a big house with a backyard, but you’d still like to have some outdoor space for your children, pets, or gardening activities, you should include this property type in your research for the right home.
Penthouses
Duplexes vs penthouses has always been a tough choice when picking the right property type for your next home. But we will make it simple.
One of the best forms an apartment comes in is arguably a penthouse. It usually offers the highest sense of exclusivity, with elevated views of green areas and water features, as well as a large private terrace.
You can turn your terrace into a play area for your kids, a fun party venue for family and friends, or even a peaceful sunroom to spend leisurely weekends with a good read.
Villas
Floor areas of property types differ greatly, and sometimes an apartment can pack even more space than the overall area of a house. What creates the main difference between an apartment and a villa is the number of shared walls, more than the size of the unit.
With that in mind, if you seek to own the lot of your house without sharing it with others, you still have a few options that serve different budgets.
If the most suitable property type for you is a villa, you need to consider whether you need it to be a:
- Standalone
- Twin house
- Townhouse
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Townhouses
A townhouse could be defined as the midpoint property type between an apartment and a villa. They are single houses with multiple floors, attached in a multi-unit building complex. They are usually pricier than apartments but more affordable than standalone villas, which makes them the perfect choice for larger families on a budget.
The corner units of a townhouse complex are more spacious and thus more expensive, but they are ideal for those who seek more privacy. Townhouses sometimes come with medium-sized backyards and terraces.
Furthermore, private parking spaces may come with them. So if you don’t mind sharing only the side walls with neighbors, a townhouse can provide you with most of the benefits that are associated with a family house.
Twin Houses
A twin house boasts all the features of a villa, only sharing one center wall with a next-door neighbor. This can be considered a pro or a con depending on your lifestyle. If you’d like to stay in touch with people around you, that’s perfect!
But if you’re rather looking for a peaceful haven to rest in after a long day at work, you might want to be wary of potential deal-breakers. For example, a loud and crowded family living next door, or the presence of a pet that you’ll come across every day.
Still, investing in a twin house with friends or extended family members you’d like to live close to may be the right property type for you. Each one of you would have your unit, but be near enough to form a sense of community.
Standalone Villas
Last but not least, you can consider buying a standalone villa for the utmost seclusion and exclusivity. They are often built far apart from each other, meaning that you won’t have to interact with any close neighbors if you choose this property type. And you know what they say: good fences make good neighbors!
Standalone villas are also highly versatile. You can opt for one with a swimming pool for your children’s summer fun, or a large backyard if you share your home with furry friends. Of course, the bigger the house, the bigger the responsibility.
So before deciding on this type of property, you will have to take into account the expenses of maintenance, staff, furniture, and décor. Luckily, all high-end compounds in Cairo offer full-fledged services and amenities to their residents, so you won’t necessarily worry about fixing the roof or mowing the lawn.
Moreover, a standalone villa is usually a good investment, too; even if it seems to be the most expensive property type at first, it rarely ever ceases to grow in value.
To Conclude
At the end of the day, the right property type for your purchase has a huge impact on your daily life, and how you get to spend your me-time. This kind of a decision shouldn’t depend merely on solid criteria like budget, size, and location.
It should also depend on your personal taste, expectations, and interests. To identify your priorities and find the perfect option personalized to your lifestyle, reach out to Nawy’s real estate experts via WhatsApp. And no matter what your final decision is, don’t forget to leave room for future life stages, and some fun upgrades!
