Have you saved enough money? Are you ready to invest in property? Well, the new year is already here, and that’s the time when you’ll think of buying a home. If your answer is yes, then I think you are in for an exciting journey. You know, there can never be a straightforward answer to the following question: should I buy an apartment, a villa, or a plot?
There have been numerous debates regarding this question. Because every financial situation and personal need is unique & different from others. You need to analyze your needs and financial situation carefully and then decide the most suitable option for you – a villa, apartment, or plot, as per your needs. Before you start weighing the pros and cons of these real estate options, let’s look at them one at a time.
Villas are stand-alone houses that have independent and large living spaces, giving you a more personal experience. They can have several different exterior designs, depending on the space you have for your villa. If you’re buying a villa for the first time, it might be helpful to look through some examples of villas located in areas you would like to move to in order to get an idea of the design, size, and cost of different villas.
Apartments or Flats
There are many reasons why you should buy a flat. It is not hard to understand why flats are in high demand. Flats offer several conveniences that apartments do not and vice versa. Buying a flat gives you a lot of benefits at an early stage. While buying a flat, you don’t have to run around getting approvals, finding architects, contractors, etc.
Typically, most developers offer security, car parking, a swimming pool, recreation areas, and other amenities along with the apartment. You can also give your home a makeover as per your taste and meet all your needs like a washing machine, fridge, or tumble dryer with ease.
Plots are the universal symbols of desire. No matter what culture or society, everyone wants to own a plot of land and construct their dream house. Plots represent financial freedom and autonomy. The advantages plots have overbuilt houses, in terms of longevity and increasing value, has led to the huge demand for plots. The plot market is thriving and is likely to grow as there is limited availability of land, especially in urban areas where the costliest properties are located.
Picking the right one might not always be that easy; what you prefer more may not always be the option that is profitable or affordable.