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Updated by Joanna James on May 02, 2024
Headline for Exclusive views: 5 ways on how location impacts the appeal of luxury apartments in Colombo City
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Joanna James Joanna James
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Exclusive views: 5 ways on how location impacts the appeal of luxury apartments in Colombo City

When it comes to moving homes and buying a new apartment, location is key. However, pause and ponder as to what differentiates a good location from a great one that will make for a hassle-free experience.

1

Centrality

Being in close proximity to schools, supermarkets, hospitals, restaurants and other facilities & amenities is one of the deciding factors when it comes to selecting the right location for your apartment. Having access to the aforementioned will improve your quality of life and importantly, cut your daily commuting time in half which will be added reason to choose one particular property developer over the other. Getting into more detail, those with family members who are faced with limited mobility or those with children will greatly appreciate a central location to live and work in.

2

Neighbourhood

As an add-on to the point discussed above, the neighbourhood is yet another crucial factor that can determine where you eventually settle down. Ideally speaking, you must opt for a neighbourhood that matches your lifestyle and interests. Aspects such as walkability, community feel and the overall safety of the neighbourhood that you are keen on living in cannot be compromised on. Furthermore, ease of access to local parks, cultural events, restaurants and sports facilities ought to be made a note of.

3

Development

In short, the real estate market in Sri Lanka is growing and is showing signs that this trend will continue well into the future. This is why it is wise to conduct your own research on the local real estate market and inquire on the potential for growth in the foreseeable future. Know that real estate is an industry that can pave the way for future investment and thus, it will be prudent on your part to zone in on locations that carry the greatest value. Although, living in an environment or neighbourhood where there is ongoing development may be a turn-off owing to constant noise and travel disruptions, always get into the habit of looking at matters in the long-term. Therefore, if a certain location is impacted by improvements to housing, transportation and trade, then here is a golden opportunity for you to stake a claim for not just yours but also your family’s future. This is because the value of your apartment will increase on the back of such improvements that will place you in a far superior position when it comes to negotiating the terms of sale with a prospective buyer.

4

Location of the lot

Your chosen lot’s location warrants careful consideration prior to arriving at any informed decision. When presented with a few locations, spend time going over same with a fine-tooth comb and never shy away from pinpointing areas that might be slightly concerning to you. For instance, a cul-de-sac location can mean that your children can play and move around while being well away from roads that are congested with traffic. Also, give due regard to the exact location of the lot and while to some, a main road-facing lot may not be too much of an inconvenience, others may find that living in a corner lot does not afford them the best views of the city. As a rule, weigh the pros and cons of the lot that you have in mind.

5

Home

To cut a long story short, the facilities that you decide to go ahead with must reflect personal whims and lifestyles accordingly. Factor in the lot size and the availability of facilities such as gymnasiums and swimming pools similar to offerings of Cinnamon Life Apartments which allows you to purchase new apartments in Colombo.