Buying a property is a difficult choice to make. Choosing a place to live is always a complex task, as this is a decision that needs to consider many important factors. To get things right and avoid future hassles like Blue World City Islamabad, many people have a question: is it better to choose a commercial or residential neighborhood?
Definitely, these are two alternatives that can have incredible advantages, but they also have some negative points, which cannot be overlooked. In this article, we will briefly show the main differences between commercial and residential neighborhoods and explain what you need to consider when deciding between one option and the other.
Are you experiencing a dilemma? So, check out the content below and find out everything you need to know about the topic!
What are the main differences between commercial and residential neighborhood?
The residential neighborhoods offer peace and tranquility, while the properties located in commercial areas offer several shopping options and a lot of practicality. The buyer is the one who defines his priorities, whether he prefers calm, peace, security and little movement or a little agitation, regardless of the risks.
The places where there is little trade are very attractive, however, some people understand that they are darker, depending on the location. This is because the streets can be deserted at certain times at night and impress the residents. But this is not always the rule. The properties located in the commercial district, on the other hand, have movement extending at night.
Close to commercial areas, it is common to find pharmacies, hospitals, bus stops, schools, gyms, among others. However, the price of these properties is generally higher than those located in residential neighborhoods. This is a factor that varies from one region to another, since expensive properties can be found in places where there is no commerce.
Advantages of the residential neighborhood
Let’s go into detail about the benefits of each choice to help you, starting with the residential ones.
One of the great advantages of a residential neighborhood is its levels of security, which for many people is a crucial issue. Therefore, lower crime rates can be decisive in this choice.
Neighborhoods with a small number of commercial establishments tend to be more peaceful, as they do not arouse the interest of criminals. In addition, as the predominance in these places is of residents, and there is not a large movement of people to buy in stores, any strange movement is already quite remarkable, making the region less attractive for miscreants.
Quality of life
Quality of life is another decisive factor in choosing between a residential or commercial neighborhood. Considering this aspect, residentials tend to take advantage. Apartment buildings and house condominiums, for example, have a large number of common areas, with several facilities for the inhabitants.
On the external side, things don’t change much. These places have a good structure to serve residents, such as bakeries, pharmacies, convenience stores, supermarkets, gyms, squares, parks, schools, bars and restaurants. The streets are calmer and the environment more pleasant to live in.
Residential neighborhoods have larger properties than commercial neighborhoods. This can make a difference for those who want a spacious yard for children to play and for those who want to have a pet, a garden or even a vegetable garden.
It is true that, with the growth of the population, the demand for real estate products has grown. Consequently, large plots, which were owned by a single owner, are now the address of condominiums.
Still, if you have a family project that involves a lot of people, a residential neighborhood may be the best choice for you now – and also for the future.
Buying a house or apartment is an investment. Therefore, an adequate financial return is expected from this action. At this point, investing in residential neighborhoods, especially in the newly opened ones, is an excellent deal.
With each new infrastructure work carried out, or as an establishment is successful in the neighborhood, the investment is valued. Therefore, the same house that makes your children happy today, can guarantee the purchase of a new property when you retire. Think about it when choosing between a residential and commercial neighborhood.
Disadvantages of the residential neighborhood
Not everything is a flower in this choice, so, know the negative points of it.
The main disadvantage of most residential neighborhoods is that they tend to be distant from the work of most residents. The largest companies and businesses are usually located in central areas, which can be many minutes away, depending on congestion rates.
As cities are increasingly populated, many construction companies are migrating their ventures to even more distant regions, in order to get enough space for the construction of more cozy properties.
Advantages of the commercial district
Now, it’s time for the benefits of living in a more hectic region. Check out!
Functionality is a very important factor when choosing between a residential or commercial neighborhood. More central regions tend to win in this respect, especially when we think of the properties that exist there. The predominance is usually of apartments with considerably smaller footage, but with highly practical and well executed plants.
The projects optimize the occupation of small spaces, betting on modern furniture and environments such as kitchenettes, washrooms and common areas. In addition, prices are more attractive, making it a great choice for young couples or people with a focus on professional life.
Another great advantage of living in a business district is practicality. In this light, living in a central and busy region is quite beneficial, as these are places that have a structure fully prepared to serve well the large number of people who circulate there.
That way, when choosing this option, in addition to probably getting closer to work, you will also have at your disposal several establishments 24 hours. There is also a more active nightlife, with bars and restaurants always full and busy.
As a strategic area of the city, these neighborhoods are usually well supplied with lines of buses, trains and subways. It is possible to go anywhere in the city from a business district.
In addition, street and road designs also help drivers to get around in a satisfactory way. Finally, as the resident will have the services close to his home, the price with taxi rides, or apps like Uber, drops considerably.
Imagine two people who want to have dinner in the same restaurant. One leaves a residential neighborhood, 20 kilometers away, and the other is in a commercial district, a few blocks from the destination. The dinner of one of them will be much more expensive, right? So, analyze your lifestyle before choosing between the residential and commercial neighborhood.
Leisure and culture options
It is not just about going to the cinema at the mall that is nearby, but having access to cultural centers, museums, street performances and concert halls. In addition, the shopping districts attract tourists and residents from various parts of the world.
Imagine the dynamism of life in a business district in a large metropolis like São Paulo, New York or Buenos Aires? You will live in the region where tourists spend their holidays.
Many of these attractions are free or have a reduced cost. This means that access to culture does not weigh the resident’s budget.
Disadvantages of the commercial district
As with everything in this life, there are negative points in the commercial regions as well. Look!
One of the major disadvantages of living in a commercial neighborhood is that these regions end up being marked by excesses. As they are very busy areas with a very high circulation of people and money, it is likely that residents will have to get used to noise and visual pollution on a daily basis.
Whoever wants a more peaceful and familiar profile, for example, may experience some adaptation problems. In addition, pollution may not be the best neighbor for residents with respiratory problems, such as asthma and rhinitis. The elderly and children, for example, tend to suffer from air pollution in the coldest periods of the year.
Few places for the car
It is much more difficult (and expensive) to find a place to park in a commercial district. Remember that you will have to compete for a spot with your neighbors and with the customers of tenants in the region.
In addition, due to the characteristics of the properties, many condominiums do not have parking. So, make sure it is worth keeping a car when choosing this type of address.
What do you need to consider when deciding between one option and the other?
Infrastructure is an important requirement for you to be sure of where you want to live, as it values the property and improves the quality of life. Check if the streets are paved and signposted if there are bike paths, sidewalks, ramps, electricity, treated water, Internet etc. Check for garbage collection, street lighting, sewage and other issues.
Before closing the purchase, analyze whether your family’s needs will be met at the chosen location. Check if there are health centers, daycare centers, schools and other establishments nearby that your family members consider essential. It is important to assess everything that group members need and whether they will have access to essential services.
Transport used for commuting
Find out about the subway and bus lines that pass through the region to get a sense of what the entrance and exit of the selected neighborhood will be like to go to work. Another factor worth checking out is the availability of motor scooters and bicycles that facilitate traffic and access. Also, check if there are spaces to park your car.
Reflect a little on the mobility and accessibility of the place, for example, the existence of streets connected to expressways, state and federal highways that give access to other nearby locations. Research congestion at peak times, traffic lights and alternative ways to get there, in case a problem occurs.
Try to find out about the security conditions in the neighborhood, as the crime rate has grown a lot in recent times. Visit the police station closest to the chosen property and request information on local occurrences, types of crimes committed and strategies applied to combat them.
Now, you already know more details on how to choose where to live, whether in a commercial or residential neighborhood. As we saw in this article, there is no such thing as the perfect neighborhood . There is one that meets your demands. Therefore, the easiest way to make a good decision is to analyze what you expect (and need) from a property.
Ready to choose between a residential or commercial neighborhood? Get in touch with our service team and receive assistance to make your decision!