I don't know about as an investment, but standalone houses are becoming more popular in Korea. And many Koreans are pretty savvy regarding investing in RE.
People raising kids have different preferences compared to a single person. I'm not a big fan of apartments either but for our current life, it suits us best.
I agree with you. The 'whatever is best for your current situation' is important. As much as I don't enjoy apartment living, we will be moving back to apartment living as we get older. I reckon another 7-10 years will see us enjoying a rural sunset from deckchairs on the grassy area. My wife is adamant we will be buying 1st floor accommodation... convenient but might be noisy.
That's great Lazio. You've sold me.Absolutely! Blessed are the elderly for I am rapidly becoming one...and...yes they make good, quiet neighbours (unless they drink)
i lived in a jutek for a year. the winter was horrenous. pipes constantly freezing, ran on kerosene gas that ended up costing a fortune to use to heat the place. im in an apartment now and i have never used my heat. its always above 18 degrees.
So, now we have 15-20% more space in each room, but less insulation. The old balconyfloors have no ondol.
Normally, that kind of work is done by bringing out the heating pipes to the former balcony areas.
Sure, if you want to pay for it I'm sure you could get solid goldheat conducting pipes anywhere you want.Digging up the concrete and extending pipes would have costmillions.
We moved into our house 5 years ago. It’s significantly cheaper to heat and cool than our old apartment because of green tech. It has a solar array on the rooftop, and utilizes geothermal heating and cooling. Even in the peak of summer we’ve never paid more than 40,000 won in utilities. We have had some minor leakage because of the heavy rain, but our insurance has partially covered the cost of having the roof resealed with urethane. The house is built into the hillside so the first floor and basement are insulated year round by the fact they’re built into the soil. The second floor temperatures range hotter and colder because they it’s above ground completely. Investment wise it’s so so. Our house has doubled in value but if we had kept our old apartment we would have gotten a better return on our investment.Overall I much much prefer living in a house. No waiting for elevators. I have 3 personal parking places so I never worry about parking. During covid hanging out in my back yard without a mask was great. Negative points. Mowing grass in this weather sucks. The nearest convenience store is about 600 meters away. Nearest super market about 1km. My wife says it’s too far but coming from rural Texas it still feels convenient to me.
...could also impact on a sale and/or price when it comes to selling. If a prospective buyer is looking at paying the equivalent of a million dollars plus for an apartment, then you don't want heating only 3/4 of the way in the living areas. Sometimes you have to spend a little, sometimes it's money poorly spent. In this case i think it would be the former.
We ain't gonna sell it in the winter and we're not going to advertise anythingnegative about the unit. Caveat emptor. (Anyways, everybody knows most peopledon't extend the ondol.)