You can probably get more bang for your buck, as real estate appraisers estimate that lobby-level flats are worth 10-20% less than an equivalent on the second floor, and 15-25% less than one on the third floor.
How do you stay safe in a ground floor apartment?
- Choose your apartment wisely. Some rentals are more vulnerable to break-ins than others. ...
- Get your landlord to help. ...
- Install an alarm. ...
- Add a security camera.
Do ground floor apartments get less light?
Some New Yorkers consider them less than desirable, but a ground-floor apartment doesn't have to be a compromise. ... These types of apartments tend to have less natural light and, if your windows face the street, less privacy. You may have to put up with noise or garbage odor.May 10, 2021
Why are ground floor apartment cheaper?
Light. This is one of the main reasons that ground floor units are cheaper than those on an upper floor — natural light. If you are surrounded by other buildings there will be limited light on the ground floor and no views at all.Jan 17, 2020
Which apartment floor is cheapest?
Pro: Reduced cost of rent and utilities And sometimes, apartment complexes will offer lower rent prices for the bottom level because it lacks the views some people desire. So, living on the bottom floor can save you money on rent and utilities.Aug 3, 2020
Is it safe to live on the ground floor?
Like any apartment floor, there are downsides to living in a ground floor apartment. The lack of views is a big one for most renters. ... Safety can also pose concern for the ground floor. You're the first to evacuate in an emergency, but more vulnerable to security threats like break-ins.Apr 1, 2020