The state and quality of the common areas of a building can be decisive when buying a home. For many people, these community spaces are a catalyst for making the final decision, especially in the case of newly built residential complexes where these areas are planned to promote a healthy and quality lifestyle.
Assessing the state of the common areas is also very important if we want to buy a second-hand home. The good condition of stairs, patios, portal, elevator, garages, gardens or gates reduces investments and spending on conservation and maintenance works, something that future buyer’s value positively.
The question is: what do we understand and what are the common areas of a home? What use can we give them? Is there a specific Law on them? To what extent does the price of a home revalue in Sky Marketing?
What are the common areas of a home?
The concept of common area set out in the Horizontal Property Law is broad because it not only includes leisure spaces (swimming pool, garden or terrace), but also ” all the parts of the building belonging to all the intended owners, which allow or facilitate the existence, operation, use, conservation or operation of the particular assets of each one” .
This means that, in addition to spaces and structural elements (facades, portal, stairs, corridors, storage rooms, common areas, elevators, meter rooms, warehouses, etc.), community services and benefits such as antennas are also considered common areas. , water and electricity supplies or electronic doorman.
Even so, when from Deplace we speak of “common areas of a home”, we usually refer to its recreational and sports areas, which in short are the ones that really increase the demand for these properties and their price in the market .
Advantages of living in urbanizations with common areas
More and more people express their desire to have common areas in their home. This high demand has made many new buildings give priority to these community spaces, transforming them into versatile, attractive areas adapted to the needs of the tenants.
But, why are common areas increasingly valued, even if that means giving up space in the house?
One of the benefits of buildings with common areas is that they facilitate socialization among neighbors, especially if there are similar interests. This is one of the reasons why many families opt for residential complexes in which their children can live with other children and enjoy the common areas safely.
And is that security is another advantage of living in communities of owners with common areas. Having neighbors around increases our sense of security. In addition, normally in buildings with gardens, swimming pools or sports areas, more is invested in security through the hiring of professionals or home automation and video surveillance systems.
Other reasons that encourage many people to look for flats with common areas are:
Greater peace of mind
Residential complexes with common areas are not usually located in city centers. They are usually found in peripheral neighborhoods, well connected but away from the noise of cars, bustle, etc.
Having amenities such as a pool, garden or terrace in your building will help you enjoy your moments of rest without moving. In addition, as the common areas of the houses are adjoining, you can enjoy your moment of relaxation while your children play in the park or on the sports courts.
Although it involves a greater community expense, common areas are a good investment, especially if we compare it with the expense of the same services in a private house or in a chalet . In a community, maintenance costs are shared among the neighbors, and you can enjoy services that individually would be much more expensive.
Higher quality of life
Those looking for urbanizations or apartments with common areas place special emphasis on this aspect. Living more calmly, socializing and investing the money saved in trips or in your family is also a trigger to take into account.
Rights and obligations of owners
Common areas can be a source of conflict between neighbors. However, the Horizontal Property Law is clear in this regard, and establishes a series of rights and obligations for the owners:
Rights regarding the common areas of the home
Homeowners with common areas have the right to:
- Use them and enjoy them in a shared way with the rest of the neighbors, always respecting their rules of use.
- Demand conservation works and timely maintenance tasks to guarantee the correct use and safety in the common areas of the house.
- Request the establishment or removal, when deemed necessary, of services in common areas such as the elevator or the concierge.
- Request the installation of infrastructures to improve access to the building or for a better collective energy supply (for example, proposing the installation of solar panels).
Obligations regarding the common areas of the home
Regarding the obligations that the owners of apartments with common areas assume, we highlight:
- Respect the facilities and make proper use of the common areas.
- Respond to the debts of the previous owners.
- Contribute to the creation of a reserve fund for the conservation and repair of common areas.
- Accept the position of president of the Community and his responsibilities when appropriate.
How do common areas influence the purchase and sale of a home?
This is a question that many of our clients ask us. The existence of common areas (understood as leisure, recreation or sports areas) is a rising value when acquiring a property. In fact, properties with common areas are much better valued, both in newly built apartments and in the second-hand real estate market.
In this second case, the presence of common areas, despite being an attraction, also requires more information for future buyers, who are usually interested in community expenses, community accounts, or if the former owner was at the same time. day of payments. The ideal is to go to the Community administrator or consult with a specialized real estate agency such as Deplace. In both cases, if there is a debt of this nature, it can be negotiated to reach an agreement.
For the rest, and if you are looking for a home with common areas, you should bear in mind that buildings with a swimming pool, playground or paddle tennis courts are very attractive, and that their demand is increasingly high.
At Tajarat properties we are a leading online real estate agency in Spain and we have a wide catalog of flats in your city. Trust us: we will find the house of your dreams. Contact us!