When it comes to investing in a property, most
people talk about the amenities, location and infrastructure of the city/
state. But seldom do people talk about personal choices. When choosing a
property you have two choices – an independent house/ villa or an apartment.
There has been endless debates going on about
apartments and independent house – some say living in an independent house is
much better than living in an apartment, while some say the staggering costs of
living in an independent house plus the sky-rocketing land prices make it an
unsuitable option.
However, real estate companies in Gurgaon have
enough inventories of apartments as well as independent house/villas. So how
would you decide, which one to choose? Here are some comparisons that will help
you decide:
Amenities
Apartments or gated communities developed by the
leading real estate companies in Delhi NCR and Gurgaon offer premium amenities
and facilities like clubs, health centres, recreational areas, etc. and each of
these are included within the price. But if you choose an independent property,
you will have to invest extra to set up these services.
People would say amenities are offered at a cost;
this is true but since the cost gets divided into a number of homeowners, the
cost minimizes
considerably.
Home
Loans
Getting home loans or availing other financing
options is much easier for you to choose an apartment. This is because the real estate companies in Gurgaon and other parts
of the country make sure there are no legal issues associated with the
properties they develop, so the loans get sanctioned easily.
Most people buy independent house from
individuals (since the cost of newly built independent houses are very high due
to high land prices), which means there are high chances of legal
complications. So until and unless all the issues are settled, it would be
difficult to get a home loan.
Apartments
Cost Less
Even if you want to buy a newly built independent
home to avoid legal issues, the price would be too high. In case of a complex
or gated community, the cost of land and other costs get divided into a number
of individuals, so the overall price is much lower; but in case of an
independent house the cost is undivided and the owner has to take up all the
burden.
Better
Returns
If you are investing in a property to make some
money, investing in an apartment is a better choice. Since the rental of an
apartment would be lower than that of an independent house, you can quickly
find tenants and start earning money. Plus, the exclusive amenities and
facilities attract better tenants in comparison to independent homes.
So, before investing your money in an apartment
or independent house, do a thorough research. There are ample choices
available, but you should invest in a property that ensures good returns. So
evaluate all the options and only then take a step forward. Real estate
investments are the biggest investments in one’s life, so you must be very
careful to put in your hard earned money.
Summary:
The real estate companies in Gurgaon are
developing residential complexes as well as independent villas, so depending
upon your personal needs you must determine what type of property is best
suitable for you.
Author
Bio: ILD is a real estate
developer in Gurgaon. Their recent write up talks about whether one should choose independent house or apartments
constructed by the real estate companies in Gurgaon.
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