One of the most important decisions homebuyers have to make is whether to invest in a property housed by standalone building or by a gated community. While both have their own sets of pros and cons and choosing the viable option between them is not an easy task. Hence,it is crucial to understand what both have to offer to facilitate wiser decision making.
A standalone building can be both residential or commercial. As the name suggests, it is not a part of any residential complex or community. The site location of such buildings is such that it is at some distance from other buildings and the spaces in the premises of the complex are meant exclusively for the usage of the occupants.
Now that we have defined standalone buildings, here is everything you need to know about them and how they compare to gated communities.
Key features of standalone buildings
Let’s look at some of the primary features of standalone buildings.
Freestanding structure
A standalone building is not connected to other buildings. As a result, such buildings are generally surrounded by open spaces and boundary walls.
Open space
A standalone building is surrounded by open space. The area and layout of open space may vary depending on the location and use of the building. From green landscaped areas to concrete parking lots, these spaces serve a variety of purposes.
Utilities
Standalone buildings are self-sufficient in terms of utilities. You do not have to worry about electrical, plumbing, heating and cooling systems. These utilities may be connected to municipal services or have their own on-site systems.
Structural integrity
Not being dependent on any other structure for boundaries, standalone buildings are designed to be structurally sound according to building codes and safety standards. Their design is such that they can withstand severe environmental impacts in the long term.
Architectural style and customisation
Standalone buildings provide homeowners with greater flexibility to design the spaces according to their tastes and preferences. From the interiors to the architectural style of the building, homeowners have the maximum liberty to customise the space.
See also: Different types of building
Standalone buildings: pros and cons
The concept of standalone buildings indeed sounds appealing. But it is important to consider all the related aspects in order to make an informed decision. Here are the pros and cons of standalone buildings.
Pros
The key benefits of standalone buildings are associated with the ownership of land and privacy. Owning a standalone building automatically implies owning the land it is built on. Moreover, it provides greater spatial autonomy and privacy to the residents.
By the virtue of owning a standalone property, you will have full rights to make the decisions related to it. Be it aesthetic or functional, the homeowner can decide what is to be done.
As a result, there is more room in a standalone property for customisation of the interiors and architectural style. Homeowners have some say regarding the placement of the rooms and full rights to decide the aesthetic factors.
Last but not least, standalone buildings provide access to outdoor spaces and terraces within the premises. All the aforementioned aspects also greatly contribute to the resale value of the property.
Cons
Both initial and after-costs of standalone buildings, however, are higher than those of its other alternatives. Even if you find a standalone property that fits your initial budget, the utilities and long-term maintenance can be expensive and need to be taken care of.
Despite ensuring enough privacy for the residents, standalone properties might promote a culture of isolation and seclusion. Moreover, such properties might not always have amenities available in their vicinity. You might have to undertake a tedious commute on a regular basis even for basic amenities. Security can also be an issue in such properties as there is no proper mechanism in place to prevent break-ins and extra precautions are required for its prevention.
Standalone buildings vs gated communities
So is it better to invest in a property located in a gated community? Here is all the information you need to know.
Privacy and security
Standalone buildings offer privacy but no guarantee for security, unless the homeowner takes appropriate measures. Gated communities, on the other hand, provide a higher level of security by proper authorisation mechanisms, CCTV surveillance and other measures included in the maintenance cost.
Community and social interaction
Standalone buildings offer solitude and privacy but may limit social interaction with neighbours. However, gated communities provide shared spaces such as parks and clubhouses that allow people to gather, promoting a sense of community and foster neighbourly interaction.
Amenities and facilities
Standalone buildings have limited or no shared amenities and facilities, and the owners are responsible for maintaining them. But gated communities offer an array of amenities, such as gyms, parks, swimming pools and clubhouses. While the quality of life might not vary much, the costs make a huge difference.
Maintenance and costs
Homeowners have control over maintenance decisions and costs in case of standalone buildings. However, they also have to bear the entire burden of the cost on their own. In gated communities the costs of maintaining shared facilities are divided among residents. While this arrangement can be convenient, it does not imply lesser expenses. The maintenance costs vary from community to community.
Space
Standalone buildings provide freedom for customisation and expansion on the property. You have flexibility to tailor the space according to your preferences. On the other hand, gated communities might have safety or other regulations that can limit your options for customisation.
Sense of community
Standalone buildings offer independence and privacy but may not foster a sense of community. Since you’re mostly responsible for your own space, interaction with neighbours might not always be feasible. This is not the case in gated communities that create a sense of community and belonging due to shared spaces and regular interaction with neighbours.
Resale value
The resale value of standalone buildings may vary based on factors such as location, condition and market conditions at the time of sale. On the contrary, while the value of property in gated communities also depends on these factors, greater facilities and easier maintenance makes it a more popular choice..
Commute and access
The locations of buildings can vary widely, which might lead you to undertake long commutes to amenities or workplaces. On the other hand, gated communities are strategically located in areas that provide easier access to essential facilities, such as shopping centres, schools and workplaces.
Cost considerations
When it comes to cost, standalone buildings may have a reasonable purchase price at the beginning. However, their maintenance costs can be higher and on a constant rise overtime. But gated communities usually require upfront expenses due to shared amenities and security features. Maintenance charges do exist but they are much lower and uniform.
Lifestyle preferences
If you value privacy and independence, a standalone building is the one for you. However, if you are someone socially outgoing who seeks a sense of community, security and shared amenities, gated communities would be more appealing to you.
FAQs
Is standalone property cheaper than property in gated communities?
Standalone buildings are more expensive in terms of purchase price and maintenance costs than property in gated communities and apartment complexes. The maintenance costs are born by the homeowners themselves and are not shared or divided.
What is the scope of resale of standalone properties?
The market for resale of standalone properties depends on various factors like location and facilities and is constantly changing.
What security measures are in place in standalone buildings?
Security in standalone buildings is the sole responsibility of the homeowner but CCTV cameras are a viable solution for your security needs.
Who is responsible for the maintenance of standalone property?
The entire responsibility of the maintenance of the standalone property is solely of the homeowner.
Do standalone properties make it easier to access amenities?
Standalone buildings might not always be situated in busy locations, thereby making access to amenities and facilities difficult, resulting in longer commutes.
Can standalone buildings be a part of an RWA or housing community?
Despite not having any other building in its immediate vicinity, standalone buildings can be a part of a larger housing society.
Are standalone buildings suitable for commercial use?
With proper permissions,standalone buildings can be used as office spaces, malls, warehouses etc.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |