When buying an apartment in a new building, many people wonder whether investing in a parking space is a good idea. The answer depends on factors such as the cost of the parking space, the availability of parking in the area, and personal needs and investment plans. Let’s take a closer look at why purchasing an underground parking space might be beneficial.
Buying a parking space primarily offers convenience. In crowded cities like Warsaw or Poznań, finding a free parking spot can be challenging. Having your own designated parking space in an underground garage saves time and eliminates the stress of searching for parking.
Modern underground parking garages provide a high level of security. Surveillance cameras, restricted access, and remote-controlled gates minimize the risk of theft or damage to your vehicle. Additionally, your car is protected from adverse weather conditions.
Purchasing an apartment with an assigned underground parking space increases its attractiveness on the secondary market. For many buyers, an apartment with parking is a key advantage, especially in areas where parking spaces are scarce.
Not using your parking space? Renting out an underground parking space can be an excellent option. In major cities like Warsaw or Poznań, renting a parking space can bring in 300 to 500 PLN per month. Renting out a parking space provides a stable source of additional income.
The cost of an underground parking space in a new building ranges from 30,000 to 60,000 PLN, depending on the city and location. Additionally, you need to account for property taxes and garage maintenance fees.
Selling a parking space separately from the apartment can be challenging, particularly in locations where parking is not in high demand.
If you don’t plan to live in the purchased apartment for long or are unsure whether you will need a parking space in the future, the investment may be less profitable.
Locations with a Parking Space Shortage
In large cities and residential complexes with a limited number of parking spots, buying a parking space is almost a necessity.
For Vehicle Owners
If you own a car, having your own spot in an underground garage significantly enhances your quality of life. In winter, it protects your car from adverse weather conditions, and in summer, it prevents overheating.
Investment for Rental Income
In cities with high demand for parking, purchasing a parking space can generate regular rental income.
Buying an underground parking space in a new building is an investment with numerous benefits. For car owners, it provides convenience and security, while for investors, it offers an opportunity to generate additional income. Before making a decision, it’s essential to carefully analyze local needs, costs, and your future plans.
Additionally, investments in real estate, such as apartment rentals in Poznań, apartment sales in Poznań, and house sales in Poznań, can also be highly profitable, especially in dynamically developing cities.
A parking space in the right location can become both a practical and profitable addition to your apartment.