I must admit, I am biased. I have enjoyed too many low floor units that I am biased against high floors. Okay, I have to admit this as well. The views from high floors are usually better than low floors. If the high floor and the low floor units have almost the same price, I would take the higher floor unit actually. For some condos, only the higher floors may have sea views or even sometimes unobstructed views. The low floors? Well, we get to see the car park building or perhaps obstructed by another development right in front of ours, somehow.My first time was 14 years ago. It was also a high-rise (apartment) on level 5. It’s one level above the swimming pool and I had pool view! In fact, if I really wanted, I could climb down my balcony to go to the swimming pool. Just kidding… it’s at least 10 feet.
Anyway, coming back to first-time home buyers who are looking at buying a high-rise unit. I bought my first high-rise unit because the other one which was on a higher floor came with a RM45,000 premium because it has a better view as well as being ‘more’ renovated. Well, mine came with minor renovation and I spent RM25,000 on renovating the whole apartment. Total gross savings? RM20,000 which I used to buy my electrical goods as well as furnishings. In the end, I had an extra RM5,000 which I kept for my next purchase which was an upgrade 2 years later, a condo! So, the first reason is that low floors tend to save us money. Nothing about the view, nothing about the potential capital appreciation being higher or even that high floors tend to be windier and thus more comfortable. I am just talking about the savings from the price difference.
Let’s now talk about the view. Sorry yeah, no developer would guarantee us that the view we paid for will be the same view forever. Secondly, to most of us who are staying in high-rise currently, do we really go to the balcony and admire the view everyday? Holding a glass of champagne and thinking ‘wow this view is worth millions.’ Sorry yeah, there was a time when I stayed on the 10th floor of a condo in Tanjung Bungah for 2 years and during those 2 years, I was at the balcony only when I needed to hang my clothes out to dry plus when I needed to collect them. Assuming the premium was only RM2,000 per floor, that would have been RM20,000 extra compared to if I bought the ground floor. Note: If you really enjoy views from your balcony, please stop reading and start buying higher floors. Do not buy low floors and then regret when there’s not much views.
Hey, lower floors also meant ‘faster’ lifts. For those of us who have been staying in higher floors in hotels, we should have noticed that we needed to wait longer for lifts to come and for the lifts to go down. (Try the Genting’s One World to understand more…..) So, with lower floors, we can save quite a lot of time every year. Plus, should emergency happens, the chances of us running down 5 floors would be far better than someone on the 40th.. Granted, most of the time, emergency does not happen often. Note: For those who love to walk the stairs to keep fit or to climb Mount Kinabalu like me (25th June 2017), higher floors allow you to walk to your floor and get the exercise you really need. For me, I use the gym to train instead.
Let’s come to a more serious matter since the above two are not about money. The third reason is capital appreciation. Higher floors tend to be more valuable and I agree. However, assuming we bought the lower floor unit at RM350,000 and the higher floor was RM400,000. When the price increased after 5 years and the high floor unit became RM700,000 do we really believe the low floor is still RM350,000? Or perhaps RM600,000? 🙂 Honestly, if we are buying a secondary unit today and the price difference is RM100,000 would we buy the higher floor or the lower floor. The answer is up to individual of course. If you ask me, of course I will save that RM100,000 for the next property!
If the price difference is not huge, by all means take the higher floor instead. The view is really better actually. Some say that mosquitoes could only fly up to Level 8. I have no idea but I do know that mosquitoes do follow humans into lifts… However, for all the first-time home buyers who really want to save more money for a bigger fridge, a bigger LED TV or a bigger capacity washing machine, the savings of a few thousand ringgit can really help you get all those bigger items. Yes, I do own a condo unit on the 20th floor. However, the 40th floor is really more expensive! Happy getting your dream unit and enjoying the stay.
written on 23 June 2017
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