When we raise the question “Which is better an apartment or a house”, the answer purely depends on one’s personal choice. Since there are many factors to consider, it is an intricate subject to immediately answer. Nevertheless, mushrooming sky-scraping apartments showcase the development of builders and the needs of such multi-facilitated apartments. Established builders meticulously design their apartments with all amenities that can compete with houses. GP Homes handles the formula of designing apartments with all facilities similar to independent houses. Join us to know how apartments are better than houses in a quick shot.
Increased safety
Our everyday news witnesses menaces. So, safety is an important factor to be considered. You may see the security in the main gate in most apartments. The security guards will be available round the clock and even your relatives and friends should sign the “Visitors book” to enter your home. Other than that, CCTV cameras will record all activities of your apartment that ease you to even check out with the footage for any issues. There’s a great benefit of living close to your neighbour here. Arriving all, safety is assured in apartment life.
Immediate earning
If you don’t plan to occupy your flat due to any reasons, you may put it on rent. It reduces your home loan burden if you are availed. Another advantage of investing in apartments is you can see a higher resale value and a wider buyers’ base. As the apartments have the highest demand among all property types, it is easy to find out the best buyer at the best price for your apartment. In the current scenario, a flat and a plot are considered for the same appreciation. If we measure in a yardstick, a small difference can be seen in terms of the land value and wear and tear that apply for both.
Purchase cost
Your choice of location only decides the purchase value whether it is a plot or flat. If you decide for a plot within the metro city, remember space is constraint here and then definitely the price would be far more than what you may pay for a flat. On the other hand, if you want to invest in land in any one of the Tier-II cities in India, you would be able to purchase a considerable plot of land at a far lower price. Here, you should recall a point that several banks offer loans to buy a flat and only a few of them offer you loans for plots.
Saleability
The property, as an asset class takes a long time to resell. You may see the task seems herculean especially, for an independent property. The Real estate industry estimates and suggests that more demands are seen in apartments and even Tier-II cities witness such demands. A mix of plotted developments is seen in the developers’ projects also. Yes, you can sell your apartment easily at a later stage and two-bedroom and three-bedroom apartments are always in heavy demands for purchase.
While considering all the citied points, for a family on a budget, the apartment is the only choice in a metro city. We may see more apartments are being built than individual villas. The premium and duplex apartments turn as a status symbol of living. The builders provide all types of amenities within their gates. So, to stay within the city development authority, and to mitigate taxes by staying in your apartment, choose the apartments for living to sip your cup of tea with endless happiness.
