Introduction
Across Israel, buyers are noticing that new projects increasingly feature private storage rooms, a response to dense city living and smaller apartment layouts. These homes suit families, investors, and professionals who value added utility in crowded markets. This guide examines how the niche of “New Construction With a Storage Room For Sale” is shaping opportunities today.
Current Market Landscape
Developers in urban centers and growing suburbs are marketing storage space as part of the standard package, often tied to mid- to upper-tier projects. While not every new building includes such units, demand is steady due to lifestyle shifts and rising awareness of practical storage needs.
Price Analysis
In central districts, new apartments with a storage room typically command a premium of ₪50,000–₪150,000 above similar units without one. Overall prices range widely, from about ₪2.2–₪3.5 million for mid-size units in secondary cities, to higher levels in Tel Aviv and Jerusalem. Average cost per square meter continues to climb year-on-year, with upward pressure from limited land and construction costs.
Inventory and Demand
Such properties are still relatively scarce compared to the broader new-build market. Competition is strongest among young families, downsizers seeking organized living, and investors aware of rental appeal. Demand peaks near project launches and in spring/summer when relocation activity is highest.
Key Neighborhoods
- Ramat Gan – Popular with commuters, where new towers often include storage units.
- Petah Tikva – Expanding neighborhoods with family-friendly projects and practical extras.
- Jerusalem’s Har Homa – New developments balancing affordability with added amenities.
- Netanya’s coastal zones – Attractive for investors seeking rental-ready apartments with storage.
- Holon – Mid-market buyers appreciate modern buildings with thoughtful layouts.
Ideal Buyer/Renter Profile
The most common seekers are households juggling limited living space and belongings, as well as investors who know tenants value extra storage. For renters, a storage room reduces reliance on costly external facilities, while buyers see it as a long-term convenience that preserves apartment orderliness.
Advantages of New Construction With a Storage Room For Sale
- Added utility without sacrificing interior living space.
- Improved resale value and tenant desirability compared with units lacking storage.
- Often located in secure, climate-consistent areas of the building.
Disadvantages and Challenges
- Premium pricing may push these units out of reach for some buyers.
- Not all developers allocate large or conveniently located storage rooms.
- In multi-unit projects, storage areas may be in basements with limited accessibility.
Practical Considerations
- Monthly costs include Arnona (property tax) and Va’ad Bayit (building maintenance), both influenced by building size and amenities.
- From an investment view, appreciation is generally positive in growth corridors, with rental yields (תשואה) tending toward the national average of 2.5%–4%, slightly higher when storage boosts demand.
- Check project permits, ensure parking allocation, and verify that storage is registered on the property deed for legal clarity.
Market Comparisons
Compared to standard new construction, units with storage stand out for long-term functionality, especially in dense cities. Versus older buildings with improvised storage, new projects offer cleaner layouts and stronger legal assurances. Buyers prioritizing budget may choose without storage, while those focused on convenience and future liquidity lean toward these upgraded options.
Frequently Asked Questions (FAQ)
Question: Does a storage room significantly raise resale value?
Answer: Yes, while the premium varies, buyers often pay more for the added practicality, particularly in urban markets.
Question: Can storage rooms be rented separately?
Answer: In some cases yes, though this depends on building regulations and municipal rules.
Question: Are storage rooms included in Arnona tax calculations?
Answer: Typically, yes, with rates based on square meters, though often at a lower rate than living space.
The Expert Take
New construction with a storage room represents a thoughtful response to Israel’s compact living conditions and competitive housing market. The added utility resonates with both private buyers and investors seeking liquidity advantages. While costs are higher, the long-term benefits in organization, rental demand, and resale potential are tangible. Contact our real estate specialists for a personalized consultation.
