{"id":10388,"date":"2019-11-06T13:19:52","date_gmt":"2019-11-06T13:19:52","guid":{"rendered":"https:\/\/kenyahomes.co.ke\/blog\/?p=10388"},"modified":"2019-11-07T07:30:11","modified_gmt":"2019-11-07T07:30:11","slug":"how-much-value-does-a-balcony-add-to-an-apartment","status":"publish","type":"post","link":"https:\/\/kenyahomes.co.ke\/blog\/how-much-value-does-a-balcony-add-to-an-apartment\/","title":{"rendered":"HOW MUCH VALUE DOES A BALCONY ADD TO AN APARTMENT?"},"content":{"rendered":"\n

Exactly how much value does a balcony add to an apartment or house? <\/em><\/p>\n\n\n\n

Whether it\u2019s a city apartment, a rural home or a gated property in the country, homeowners and developers alike have embraced the rewarding benefits of outdoor space. Thus making it a must-have feature in modern new-builds.<\/p>\n\n\n\n

Be it in the form of a private balcony, terrace or garden, outdoor space brings with it lifestyle perks and a lucrative advantage when it comes to capital growth. As demonstrated by the growing price gap between homes with and without external living space.\u00a0<\/p>\n\n\n\n

Lifestyle Benefits of Outdoor Space<\/strong><\/h4>\n\n\n\n
Soak up the Impressive Views<\/strong><\/h6>\n\n\n\n

The desire to have a home where the inside living space meets with the outside is certainly not a new concept. Balconies, for instance, date back to ancient Rome when they were seen as an egotistic architectural facet in the design of palaces. <\/p>\n\n\n\n

Today, the inclusion of these outdoor spaces is still seen as a prestigious feature. Especially in high-rises and nature locations where outside space not only promises an additional living area to socialise and unwind. But breathtaking panoramic views. <\/p>\n\n\n\n

For example:<\/strong> <\/em><\/p>\n\n\n\n

Many of the investors and owner-occupiers who purchase luxurious\u00a0penthouses\u00a0define the calibre of these homes by the exterior space they inhabit. And the views they offer.<\/p>\n\n\n\n

Enjoy a Versatile Living Space<\/strong><\/h6>\n\n\n\n

Whether it\u2019s a one-bedroom apartment or an expansive duplex, having outdoor space allows residents to enjoy a more versatile living area. Instantly adding more room, flexibility, light and air within the home. <\/p>\n\n\n\n

For high-rise apartments, having this space gives even the most compact of properties that extra flair. Whilst allowing residents to enjoy the outdoors amidst a bustling city scene. <\/p>\n\n\n\n

For some residents, this could provide a supplementary living area, for others an extra dining room, or even a miniature garden for green-fingered city dwellers looking for the best of both worlds.<\/p>\n\n\n\n

Indulge in a Healthier Lifestyle<\/strong><\/h6>\n\n\n\n

By blurring the lines between inside and outside living, residents are free to enjoy a more integrated, comfort-inducing environment. Instead of a \u2018greenhouse effect\u2019 where residents would have to crack open a window to feel like they\u2019re getting a bit of fresh air. They can enjoy the \u2018green space effect\u2019 where they would just have to slide open the balcony door to walk out into their own personal oasis. <\/p>\n\n\n\n

Outdoor space welcomes more light into the home and offers more room to socialise and relax. Thus giving residents with fast-paced lifestyles a peaceful hub to come back to after a long day at the office. Therefore promoting a stress-free, happier and healthier ambience.<\/p>\n\n\n\n

The Appeal of Communal Outdoor Spaces<\/strong><\/h6>\n\n\n\n

Many developments nowadays benefit from private balconies, terraces or gardens. In addition to a communal courtyard or rooftop terrace, providing even more scope for relaxing, socialising and entertaining. <\/p>\n\n\n\n

Beautifully manicured gardens can provide a sanctuary for residents without having the hassle of tending to it themselves, whilst families can enjoy recreational areas for kids to run around freely and safely. <\/p>\n\n\n\n

Again, as with private outdoor spaces, communal gardens are an eye-catching feature of today\u2019s developments; particularly in densely populated, city locations where it\u2019s often hard to find vast green spaces and a little peace and quiet.<\/p>\n\n\n\n

Reaping Investment Rewards<\/strong><\/h6>\n\n\n\n

Towns and cities across Kenya are experiencing a new wave of architectural prowess with regards to\u00a0energy-efficiency\u00a0and maximising space. If we go back a couple of decades, if you wanted a garden you would have had to move further out towards the suburbs for more spacious homes. Or if you wanted a sizeable terrace you would have to refine your search to a more upmarket development or neighbourhood. <\/p>\n\n\n\n

Today, developers acknowledge the changing times, attitudes and demands. And are now crafting homes that offer open-plan living with access to plentiful outdoor space. However, despite this increasing prevalence of homes with outdoor spaces, these properties often still come with hefty premiums. Then making them a valuable asset to investors.<\/p>\n\n\n\n

Moreover, having a balcony or roof terrace adds an average of 12% to the value of a flat), although sometimes outdoor space can add around an 8% premium to a property\u2019s value. Outdoor space<\/a> is becoming more of a deal-breaker for buyers. Hence, having a garden, balcony or terrace came second in a ranking of a property\u2019s must-have features, only losing out to the overall size of the property.<\/p>\n\n\n\n

The question: How much value a balcony adds to an apartment highly varies. <\/p>\n\n\n\n

See Also: Tips on How to Spice Up your Balcony<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Exactly how much value does a balcony add to an apartment or house? Whether it\u2019s a city apartment, a rural home or a gated property in the country, homeowners and developers alike have embraced the rewarding benefits of outdoor space. Thus making it a must-have feature in modern new-builds. Be it in the form of […]<\/p>\n","protected":false},"author":1,"featured_media":10392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-10388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-my-space"},"yoast_head":"\nHOW MUCH VALUE DOES A BALCONY ADD TO AN APARTMENT? - Kenya Homes<\/title>\n<meta name=\"description\" content=\"How much value does a balcony add to an apartment? 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