Buying an apartment in a building without an elevator - is it worth it?

Stairs, first floor, second, third… and then a short question that almost always pops into a potential buyer’s mind: is this a smart decision? Buildings without elevators are still a common sight on the real estate market, especially in older city centers. While some buyers dismiss them outright, others see an opportunity: a lower price, a good location, and long-term value. But is the absence of an elevator truly a decisive factor, or just one of the elements that should be considered within the broader context of buying an apartment?

Advantages of buying an apartment in a building without an elevator:

Lower purchase price

Apartments in buildings without elevators usually have a lower price per square meter compared to those in modern buildings. This difference can be significant, especially in urban areas, making this option attractive to young buyers, investors, or those with a limited budget.

Lower maintenance costs

Buildings without elevators have simpler infrastructure, which means lower monthly expenses and fewer unexpected costs. There are no expensive servicing fees, repairs, or regular technical inspections associated with elevator maintenance.

Often a better location

Many buildings without elevators are located in older parts of the city, close to the city center, schools, shops, and public transportation. Such locations often have greater long-term value than newer but more remote neighborhoods.

Less noise and foot traffic in the building

A smaller number of apartments and the absence of an elevator often mean a quieter atmosphere and less frequent movement of residents through the building.

Disadvantages that should not be overlooked:

Physical effort and inconvenience

Living on higher floors without an elevator can be demanding, especially for elderly people, families with young children, or individuals with limited mobility. Carrying groceries or baby strollers on a daily basis can become a serious challenge.

Limited future demand

If you are considering resale or rental, it is important to keep in mind that some buyers and tenants automatically exclude buildings without elevators, which can reduce the pool of interested parties.

Reduced attractiveness on higher floors

While ground-floor and first-floor apartments are often in demand, apartments on the third or fourth floor without an elevator can be harder to sell and may require a price adjustment.

When Does the purchase still make sense?

Buying an apartment in a building without an elevator can be an excellent decision if:

• the apartment is located on a lower floor,
• the price is significantly in your favor,
• you are purchasing the property as a long-term rental investment,
• the building is well constructed and properly maintained,
• the location has stable or growing value.

In some cases, a lower initial investment leaves room for renovation, further increasing the apartment’s market value.

Buying an apartment in a building without an elevator is not necessarily a bad choice—on the contrary, for a certain buyer profile, it can represent a smart and rational investment. The key lies in a realistic assessment of your own needs, lifestyle, and long-term plans. If advantages such as a lower price, a good location, and reduced maintenance costs align with your expectations, then the answer to the question “Is it worth it?” can very well be yes.

Ena-Lemana S. 

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