A property is not just about the building and the premises. The neighborhood is a significant part of it, especially for those living in it. What is the use of a residential project that does not have any social infrastructure around it? Or one that is secluded and unsafe? Will families choose to live there? Of course not! The neighborhood can increase or decrease the property value depending on its conditions.
In this blog, we will discuss neighborhood features that enhance the value of a property.
1. Safety and Security
A safe neighborhood is the most basic requirement for any residential complex where families reside. The surroundings should not have any dangerous or anti-social elements. A residential complex is usually gated, and strict vigilance may be maintained. However, the residents need to feel safe when they move about in and out of the locality. Builders in Ernakulam should choose only safe neighborhoods for their upcoming projects.
2. Residential Neighborhood
The residents of the neighborhood feel safer if it has many residential complexes. If the project is located in an industrial area or in the marketplace then the residents might not feel comfortable and at home. The noise and pollution in the vicinity may make the stay unpleasant. Resale of such properties may be difficult as most home buyers would prefer a residential neighborhood.
3. Connectivity
A locality that is easily accessible from different parts of the town is always convenient. Any property that is in a deserted location will not be favored by home buyers. The neighborhood should have a good frequency of public transport like buses, suburban railways, or metro networks. The residence should be accessible by road so that it is accessible to vehicles. Apartments in Ernakulam are always constructed at easily accessible locations.
4. Infrastructure
Social infrastructure like schools, hospitals, and shopping centers should be easily accessible and reachable. Children cannot be expected to travel long distances to reach their school. Hospitals and doctors should be available quickly in case of emergencies. If work locations are closeby, then the daily commute becomes manageable. Neighborhoods located centrally will have the advantage of being accessible from all the corners. All these factors improve the value of the property as it improves convenience.
5. Convenience
Grocery stores, pharmacy and retail stores should be within walking distance from the property premises. If not so, then it should be reachable within 5 to 10 mins on a two-wheeler. Fetching one or two things should not have one to travel long distances from the apartments in Ernakulam. These are small factors but make a noteworthy difference for residents.
