5 APARTTMENT ADVANTAGES THAT YOU WANT GET IN INDEPENDENT HPOUSE
APARTMENT
Apartments are nothing but a residential space inside a building. They are designed to house a large community and offer modern-day amenities. They also come with a well-rounded security system that monitors the property 24×7. An owner/management is often the one to take charge of the building’s maintenance and upkeep.
INDEPENDENT HOUSE OR VILLA
Call Us at +91-9780664653, For A Free Site Visit To Your Dream Home
Independent houses or villas are preferred by those who want the privacy of an independent unit but also want to avoid the hassle of constructing a home. Some developers even offer premium units in gated communities with individual or shared amenities. Owner has privacy and control over the design and architecture of the house along with cost effective use of materials used and the quality. One can build multiple floors and self-occupy one floor and rent out the rest which would be a good source of income but will be taxable. Maintenance charges are a self bearing cost for a lifetime and safety and security of the house has to be taken by self only. Land has great appreciation and resale value if one has the patience to keep for the long term. It is also an heirloom which will be beneficial for the future generations.
APARTMENT Vs INDEPENDENT HOUSE
Here we list out the differences in the lifestyle that each of the property offers:
Maintenance
COST
Amenities
Safety
Bank loan
Investment
RESALE VALUE
Social life
1. MAINTENANCE:
Apartments come with minimum hassles of maintenance. Most apartments are equipped with an in-house maintenance team to fix leaky faucets or faulty doors. With designated staff taking care of filling up the overhead tanks, mowing the garden lawns, and for a host of other chores, it is a carefree way of life.
However, in an independent home, the owner must go through the hassles of finding plumbers or carpenters, and even take it upon him/herself to manicure the lawns.
2. COST
For flats, the contractor takes care of the legal formalities in the case of an apartment and the homeowner merely needs to pay the appropriate price for the apartment and move in as one wants. The cost of owning an individual home is far higher than that of buying an apartment, so the demand would rise in a corresponding way in the case of a home loan.
This will include the price of the parcel, the stamp duties to be paid to the Govt., the clearances demanded by the various authorities, the costs of connecting power, the raw materials, the cost of labor depending on the city and, in the case of repairs, the architect’s fees.
2. AMENITIES:
Apartments come with an array of amenities such as a swimming pool, gym, clubhouse, and a designated play area for children. These aspects make living in an apartment very convenient as opposed to an independent home.
Although some of these amenities can be built into an individual house, the financial implications are quite huge.
3. SAFETY:
All entrances and exits are monitored 24×7 through CCTV and security guards. Hence, apartments are ideal for couples whose children return from school earlier than their parents do from work, for senior citizens or for anyone who is living alone. In fact, the close proximity of neighbours in an apartment is a comforting benefit.
Apart from that, apartments are installed with fire extinguishers as well, providing safety. Independent homes do not offer these safety measures.
In an Independent house owners may install CCTV cameras or burglar alarms for monitoring the property, which is an additional expense.
4. BANK LOAN;
Getting a loan for the flat is pretty hassle-free as the builders have ready tie-ups with the banks and thus is not a very time-consuming process. Whereas for an Independent house, the bank scrutinizes the borrows and his/lending capacity, more complicated in comparison.
5.RESALE VALUE
Land as an asset class needs more time to resell from all the asset classes. And, since it is an individual property, the job can become a Herculean one. Estimates from the sector show that apartments are now more in demand.
Estimates from the sector show that apartments are now more in demand. Developers now add a combination of plotted developments to apartment projects. At a later point, if you wish to sell your house, selling an apartment will be better.
6.SOCIAL LIFE;
Flat is generally constructed as a part of a big society which can have a minimum of 1000 to 3000 flats. When you live in such a big establishment, there is a lot of scope for interpersonal relationships with neighbors, a lot of community harmony. In an Independent house setup, you will find people who value their privacy the utmost hence you might find a decline in social interactions there.
Are you looking for flats or houses? To Get Answer of Your all Queries, We Offer You a Free Consultation connect us on WhatsApp https://wa.link/fspwey Or Call Us At +91- 8282 9292 17 We’d love to hear from you!