Buenos Aires Urban Oasis
The virtues of owning an apartment or house that is blessed with a terrace, balcony or deck are immeasurable. Buenos Aires is a city where every square metre is valuable and is developed to within an inch of its life. Having an outside space is a real luxury and they can add value and increase your quality of life. Most apartments in the centre of Buenos Aires or in the most sought after neighbourhoods such as Recoleta, Barrio Norte and Belgrano have very little outside spaces; land is just too valuable to justify constructing green, terrace or deck spaces. To find homes with balconies and terraces buyers have to look further afield. Neighbourhoods such as Palermo Hollywood, Villa Urquiza, Villa Crespo and Chacarita are generally populated with homes with generous leisure spaces.
Many properties do have space for balconies, terraces or decks; nonetheless, some homeowners and developers do not make the most of the potential. Walking around Buenos Aires and peering up into balconies and outside spaces you’ll often see dirty abandoned balconies where perhaps the dog sleeps. You’ll also come across, however, hidden urban gems: balconies bursting with plant life, terraces with sun loungers and minibars, decks with Jacuzzis. Improving outdoor spaces will improve your quality of life infinitely and allow you to survive the burning heat of the Argentine summer. Another key benefit to developing an outdoor space is the value that it will add to the property. In the past, balcony space and terraces weren’t seen as such valuable assets. However, as leisure time and quality of life become higher priorities to modern Porteños the value of properties can now be worth as much as indoor metres squared.
Buenos Aires real estate experts are now faced with the challenge of putting a value on the many different types of covered and uncovered spaces. In modern properties, you’ll find a mixture of exclusively owned as well as shared spaces including; balconies, terraces, internal covered patios, laundry areas, winter gardens, outside gardens and galleries. Buenos Aires realtors have to price up these varied spaces and value each property individually. What is certain is that properties with spaces where you can appreciate the stars and greenery without having to leave your house will improve your quality of life and add value. If you’re looking to invest in a property then choose one with one of the abovementioned features: demand is increasing and looks set to be a lasting trend on the Buenos Aires real estate market.
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