Before we dive into the crucial question of whether a homeowner should consider buying an apartment or a house, we must first understand what these terms mean – so that you, the house owner can make an informed decision. An apartment or a flat is a residential space within a building. While an independent house is a residential property built over a piece of land. The owner of the land usually has a choice to build a house according to his or her choice or preference. When researching which kind of property to buy, there are usually many factors that one needs to consider. However, one of the biggest decisions that a home buyer needs to make is whether to buy an apartment or a flat or invest in an independent house. There is a lot to consider before a home buyer makes this decision. Here are some points that we have jotted down:
- MAINTENANCE
Choosing between an independent house and an apartment is crucial before one makes the investment. Apartments usually lead the way when it comes to maintenance. Maintenance in an apartment is by far more convenient and effortless. Right from water to electricity, the home buyers can rest assured that it will be taken care of by the apartment’s own team. Whereas in an independent house, the owner has to make sure that he himself leads the way to find a plumber or an electrician. He has to look into the maintenance of the building on his own and even at times has to manicure the lawns by himself. In an apartment, however, one has to pay a ground maintenance charge that will take care of all running costs of all amenities within the building.
- MUST HAVE FEATURES AND AMENITIES
Most apartments will offer a variety of lifestyle amenities. Apartments usually come with a plethora of amenities like a swimming pool, a gymnasium, various indoor and outdoor sports activities, recreational activities as well as a spa. These amenities make living in an apartment much more enjoyable than in an independent house. While a house owner enjoys entirely different facilities like an independent garden which he doesn’t have to share with anyone, as well as one’s own garage.
- SAFETY AND SECURITY
Apartments are traditionally thought to be safer than houses. Usually, an apartment or a house in a gated community, all entrances and exits are monitored by security guards and they have 24 X 7 CCTV, they also have fire extinguishers in case of a fire hazard. However, if the bungalow or a house is within a gated community it is much safer. Meanwhile, a home buyer who is concerned with security can install various safety measures to keep his/her house safe from burglary, natural disasters or accidents.
- FINANCE AND INVESTMENT
Often builders tie up with banks to ease the process of financing the residential property that the home buyer is hoping to buy. However, it is well known that for independent properties, banks perform a thorough check before lending in the money to finance the homeowner’s dream home. It is by far much easier for first-time home buyers to finance their dream home in an apartment than in an independent house. However, having a customized home constructed to the owner’s own preference and liking with all the necessary permission has its own advantage.
Most reputed builders are paying acute attention to design, décor, and Vastu to ensure that the homeowner enjoys a holistic living experience. Whether one of looking to buy an apartment or a bungalow or a house in a gated community, the builders offer home buyers a wide range of choices to suit their lifestyle and the future that their families envision.
