Buying a house is once in a life time event for most of people and it’s a mix of both financial and emotional one for investors though its more of a strategic and financial one. Choosing between Apartment Vs Independent House depends on various factors
- Cost of Buying – Apartments are usually an economical option as they come in variety of sizes and starts from few lakhs as compared to individual houses which cost much higher. The availability of loan for an apartment is always easier as the projects are usually pre-approved from financial institutions where as in a house you need to furnish variety of documents to get the loan approved.
- Investment value – Apartments are easy to sell or rent as they comes with various pre loaded facilities and higher in demand as compared to independent houses where the prices are steep nominal facilities are there and it’s a time taking process to show around and sell an independent house. Apartment Vs Independent House
- Amenities – Apartment schemes usually offers amenities such as swimming pool, gym, indoor games, gardens and outdoor activities in a safe and secure environment while in an independent house it is next to impossible to incorporate such amenities ( Unless you are a billionaire. ) pun intended.
- Ease of ownership – If you are a first time home buyer you could fall prey to title fraud and scams when purchasing an independent house. In case of apartments, buyers can check the reputation and past record of the builder of delivering projects and their quality and can also fact check with the existing residents. This helps in investing the hard earned money in a trustworthy project.
- Usage – An independent house will be best suited for large families and those who are particularly concerned about the aesthetics and custom design of their home and also has the financial strength to balance such a lifestyle. Someone who doesn’t want to be bothered with the technical hassles of buying a plot and constructing a house can go for an already built independent house. For buyers of metro cities, modern nuclear families on a budget, apartment is the best option. This financial logic has resulted in smaller cities also opting for apartments. The builders have sensed the demand and are catering to it for every budget and providing all sorts of amenities and facilities to attract buyers while deciding between Apartment Vs Independent House
To sum up, apartment vs independent house is a personal choice and highly dependent on spending capacity, lifestyle and locality where a buyer is searching for property. If security is a concern for you or you are a working couple with kids residing in an apartment scheme is a better idea as it offers secured premises, guarded entrance, community living and ample of activities to keep them engaged and safe while you are away.
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