The advantages and disadvantages of buying a maisonette
When it comes to searching for the perfect property, many people are unsure about what a maisonette is. This results in property buyers being hesitant and skeptical about purchasing a maisonette. If this is how you feel, read on to find out the advantages and disadvantages of these buildings.
What is a maisonette?
A maisonette is a self-contained living area/ flat, with its own private entrance. Maisonettes are commonly located above shops, offices, garages, or on top of ground floor maisonettes.
Now you have an understanding of what a maisonette is, let’s get into some of the advantages and disadvantages of the buildings.
The advantages of a maisonette –
- Nice amount of living space
If you are living by yourself or have a small family maisonette can provide the perfect space. They are usually a bit bigger than a flat but smaller than a house.
- They are a more affordable option
Purchasing a maisonette is usually a more affordable option than buying a house. Similarly, maisonettes share some qualities with flats. If you were to carve out the space of a maisonette in a block of flats, a maisonette would be about 20-25% cheaper than the equivalent space in that block.
- Able to have more privacy
As we mentioned in the definition, maisonettes have their own private entrance, rather than a shared one. Many owners like this because it gives them privacy and personal space.
Furthermore, the disadvantages are –
- Shared facilities
There are some disadvantages to take into account when purchasing any property. One of the main ones for a maisonette is shared driveways and gardens, with the neighbours. This can cause issues for some people especially when it comes to parking.
- Difficult to get a mortgage
Although it’s not impossible to get a mortgage on a maisonette, it is often not an easy process. The criteria are generally stricter than those of a typical house mortgage. However, if you’re planning to buy with cash, it shouldn’t be an issue.
- Noisy neighbours
If you live in the ground floor maisonette, then there is always a chance of having noisy upstairs neighbours walking above you.