26/11/2024
For buyers and tenants
Buying a home in a gated complex is becoming an increasingly popular choice for buyers looking for quality construction, privacy, tranquility, luxury all in one place. Gated communities can offer all of this, and more, to the most discerning buyers! See in the following lines the top 5 of the advantages of gated luxury complexes in the capital.
Gated complexes are separate objects with controlled access to outsiders. They are characterized by low-rise construction and lower density of construction. The case law further develops the concept of a gated community by holding that in order for a complex to be considered a gated community, there must be at least 4 separate condominium units; there must also be other facilities that serve the owners and residents. In addition, gated communities must have spacious green areas, dining facilities, playgrounds and play areas, fitness centers, spas, beauty salons, grocery stores and other amenities located on the premises where residents can spend their leisure time, but also be within "arm's reach" of the comfort of their luxury condominium apartment or townhouse.
Starting from the general area of the complex, which is well in line with the standards of a more luxurious lifestyle, namely, wide avenues and sidewalks, landscaped gardens and shade-keeping trees, and ending with the areas within the apartments themselves, where every nook and cranny has been measured with precision to be best utilized.
The apartments in gated communities are luxurious, meeting all the requirements for high-tech yet utilitarian homes, both for a single occupant and a large family, according to the needs and preferences of the buyers.
The gated communities are fully furnished according to the latest design trends. Clean, bright and spacious common areas, luxurious apartments, with practical furnishings and high quality appliances contribute to the high class of the overall concept of living in a gated community.
The houses are usually low buildings with one, two or even 3 floors, which have their own yard. Depending on the development, houses are divided into single-family, two-family and row houses. A characteristic feature of single-family houses is their privacy. Typically, a single household or family lives in the single-family type of luxury homes. As their name suggests, semi-detached houses are occupied by 2 families or households. Often they are so-called twin houses. Terraced houses are long rows of buildings, each housing one family.
Luxury townhouses in gated communities usually have the added extras that apartments in a gated community have such as more space, multiple green areas, fitness and spa facilities, beauty salons and other amenities on the premises.
Life in a luxury gated community is settled in every sense of the word. Every detail has been considered to ensure convenience and comfort. Special attention has been paid to the area, location, floor plan, distribution of the apartments and their rooms, exterior and interior, the overall architecture of the complex.
New construction combines quality, security, modern architecture, style and functionality. This gives owners peace of mind, quality, modernity and beautiful details in both the overall façade and interior. Gated communities also come with a contemporary look to the building that blends well with the surrounding architectural environment.
The best practices of traditional construction are used to build gated communities, but are also combined with the latest building trends.
Very important and of paramount importance are the high quality materials that are used in the new construction, as they influence the overall performance of the buildings in the gated complex. Innovative materials of the highest level are used.
In addition to quality materials, the latest construction technologies are used. Time-tested technologies from traditional construction are combined with the latest and most modern changes and innovations. Electronic tools are also used, which make it easier to achieve precision and pay great attention to every detail.
In closed complexes, the layout is much more functional. The buildings are designed according to the latest trends in construction and architecture. The space is used as well as possible and the rooms are thus distributed with optimum functionality.
Europe is facing strong inflation and rising interest rates. The impact on the luxury property market, however, is weaker.
Vacancies in completed developments in Sofia fell marginally from 3% to 2% of the total. Despite the increase in supply, a shortage of housing in the luxury segment is emerging.
The factors that define a property as luxury are already known and prices vary in roughly the same range according to the characteristics of the dwelling.
Average sales values including VAT and parking space are between EUR 180 000 - 300 000 for apartments and EUR 320 000 - 486 000 for houses.
The trend that has been observed over the last half decade is that people living in the capital are interested in migrating to the peripheral areas of the city. Reasons for this are usually found in several leading factors - tranquillity, a more favourable environment and proximity to nature, as well as modernity in the construction of new building projects characterised by low-rise construction, such as gated communities. Gated communities are mostly built in quiet and remote areas where residents find escape from the dirty air and the busy rhythm of the big city. The apartments that are located in the heart of the capital cannot offer the peace and quiet that you can count on in the gated complexes located on the outskirts of the city. The proximity to parks and green areas, the reliability and the relaxing environment are motivating more and more people to look into buying a home in this type of complex. But also, apartments or houses in complexes with controlled access can be found both on the outskirts of the capital and in neighborhoods such as Lozenets, Camp, Hipodruma, Mladost, Vitosha.
Many buyers decide to purchase an apartment in a gated community still under construction because the terms of the deal can be significantly better when purchasing a property directly from a developer. Of course, it is very important to be familiar with all the available information about the developer and builder by doing your research beforehand.
The investor and the builder may be the same legal entity, but very often the builder is hired as a subcontractor to the investor.
First, do research on the investor company because it is the legal entity that is fully liable for failure to complete the contract within the agreed time. Check when the company was registered, whether it has sufficient capital to complete the project, and whether any insolvency or liquidation proceedings have been opened. You can check the investor company at the Trade Register. It is a good idea to contact an experienced solicitor who will be able to check whether the investor company has sufficient cash resources to complete the construction.
If the builder company is different from the investor company, look for information about it as well. Find out how much experience the builder has and what the quality of its work is - trace the company's construction history - what works it has carried out, were they completed to plan, what is the quality of the completed projects. Research the builder's reputation - look for reviews of the company and if possible speak to previous clients of the company who live in apartments built by the company.
Find out how the construction process will be financed - with a bank loan, the developer's own funds, or the buyers' funds. If the construction is financed by the investor with a bank loan, it is advisable to contact the bank to find out on what terms the mortgage on the property you intend to buy will be repaid.
On a conceptual level, the construction of gated communities aims to create not only a peaceful and safe place to live, but also to be able to provide maximum comfort to its inhabitants. In other words, to create a "city within the city".
Gated communities are usually built outside the big city and feature wide green areas with playgrounds numerous facilities for the little ones.
Not to underestimate the availability of many amenities such as shops, restaurants, dry cleaners, hairdressers, beauty studios, gyms, spas, swimming pools, tennis courts, gyms, playgrounds, cycle paths etc. Thus, the residents will have everything they need for their daily life, they will be able to practice their favorite outdoor and indoor activities.
Nowadays, most of the people living in the big city, and in Sofia in particular, face the challenge of finding a free parking space for their personal car. Thus, owning a parking space or a garage has become an advantage and a mandatory element of the offer for sale of both luxury property and those of the lower price class. In gated complexes there are often also internal parking garages in each block and they are sold with them. In some cases, the complex has the ability to access more than one parking space per household, which perfectly satisfies young families with more than one car.
Gated complexes, and especially the extensive green spaces within them, seem like the perfect place to keep and walk pets. Pets are allowed in gated communities, but subject to strict rules. In some complexes, dogs are not allowed on the lawns and separate lawns may be set aside just for pets. As pet owners should be aware, some complexes have an ancillary pet fee.
An undeniable advantage of gated complexes is security. As we have already said, gated complexes have controlled access to outsiders. They have both live security and constant CCTV surveillance. This makes living in this type of complex extremely safe and protected from any criminal activity. A factor that is not without importance especially for families with young children who are looking for their quiet luxury in a new home.
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