Apartment development is the construction of apartments, a type of residential real estate. They may be part of a multifamily building or an individual dwelling within one single residential house.

This apartment development Orewa often provides various amenities like health clubs, swimming pools, play areas and sports facilities to attract buyers. In addition, developers sometimes include luxury features like high-end appliances and finish to attract potential buyers further.

Lofts

Lofts are a coveted apartment development Orewa design found in many different neighbourhoods worldwide. Loft apartments have a distinct character and appeal to creatives who need both space and personality and those who appreciate history and vintage aesthetics. Although pricey, a suitable loft apartment can give your home plenty of charm and character.

Architecturally speaking, lofts typically feature high ceilings, concrete floors, floor-to-ceiling windows and exposed brick walls. These can create an awe-inspiring sense of spaciousness within an apartment while giving it a rustic charm.

Some lofts even feature a mezzanine (half-floor) that overlooks the main living area of an apartment. This space is often utilised as a bedroom but may also be suitable for other purposes.

Loft living offers the advantage of open space, making it a popular option for those who want to share their living areas with roommates. Plus, with plenty of flexibility in furniture setups, rugs, curtains or partitions to create privacy and separate regions, loft living offers plenty of possibilities.

Lofts often feature open floor plans and can be noisy if they’re near famous entertainment districts. While this can be great for those who enjoy listening to music, it can be an issue if you’re trying to enjoy a peaceful night at home.

Another disadvantage of lofts is their lack of traditional storage options, like closets or rows of kitchen cabinets. It may challenge those who require ample room to store items.

These apartments have become increasingly sought-after, particularly in cities experiencing a resurgence of the arts and creative industries. They’re an excellent option for those who appreciate modern and industrial styles and those looking to use their apartments as investment properties.

Duplexes

Living in a duplex has advantages, such as more room for families, greater privacy and less upkeep than an apartment. But there are also drawbacks to consider before making the switch, so be sure to weigh all potential advantages carefully before moving into one of these apartments.

If you plan to rent your duplex for an extended period, it is essential to assess the temperature and humidity levels within the building. Keeping everyone comfortable may prove challenging if it gets too hot in summer or cold in winter.

You might consider a triplex apartment spanning three floors for a more luxurious option. However, these buildings are more costly and can be found in high-end neighbourhoods.

Duplexes are more cost-effective than multi-unit apartment buildings due to their lower construction costs. According to this popular choice, they’re an attractive option for people looking to invest in property and generate additional income through rent-outs.

Another advantage of renting a duplex is that it simplifies selling the property since the layout won’t change. Duplex property can be an excellent investment option with numerous tax benefits for those who buy and rent it. Buyers and tenants benefit from greater mortgage facilities when renting out a duplex instead of owning it themselves.

Common areas

Apartment complexes often share common areas between owners and renters, such as parking lots, elevators, lobbies and corridors.

Some areas have specific usage restrictions, while others can be utilised anytime. Reviewing your lease agreement to identify which spaces are considered common spaces and which are private or for particular uses is essential.

Most apartment complexes feature a pool or other communal area all tenants share. It allows everyone to get together and enjoy each other’s company or take a leisurely dip in the water. Some buildings even have laundry rooms or mailrooms accessible to everyone.

Other common spaces in a complex may include gyms or view terraces available to residents. These are ideal places for young professionals, semi-retired couples and empty nesters to unwind and socialise.

When managing a complex, you must ensure the common areas remain in good condition and accessible. Failing to do so could result in damage, complaints, and security issues.