Whether you go for a flat or purchase an independent house depends on your preference and purchasing capacity but when you weigh both these residential options as investment choices then things become interesting. Though apartments today have emerged as the most preferred choice for a vast number of people, land prices soar faster and therefore independent houses appear more tempting but are these the case? Let’s find out.
Maintenance
Maintenance is not a problem for apartments. Most of them have maintenance staff to take care of activities like filling the water tanks, maintaining the garden area, garbage disposal, repairing minor leakages and electric defaults, etc. which make living here a very smooth and hassle-free affair. In independent homes however the owner has to take care of every big, small responsibility himself which is not only very hassling but also takes up a lot of time and effort.
Amenities
Apartments offer a range of amenities like a swimming pool, gym, clubhouse, kid’s play area, etc. that make living here convenient and fun. Though some of these amenities can be developed in independent houses as well not only would this be unpractical but would also come at exorbitant cost.
Safety
Flats undoubtedly offer more security than independent houses. Round-the-clock CCTV surveillance and the presence of the security staff ensure that all entries and exits are always under surveillance and no one can enter or exit the premises without being checked. This also makes it convenient for toddlers and young children, senior citizens, young women living alone, etc. Proximity to neighbors is also very comforting for those living here. However, most of these features are missing in the case of independent houses.
Finance
It is easy to get banks loans for verified apartments. Developers often tie up with banks to facilitate the buyer’s avail loan for their flats. However, in the case of independent properties banks prefer to conduct a thorough check before making the loan available. This involves a lot of time and the buyer can lose out on the property because of the delays in decision making.
Social Life
The proximity of the flats in a residential society fosters better and strengthen social ties. Community gatherings, group celebrations, garden parties, clubs get together, etc. bring people living in the societies together and strengthen community spirit. Such activities can be arranged in independent houses as well however their effects are never the same.
Be it flat or independent house. Trust SMC Real Estate Advisors to help you find the one that best suits your budget from the top developers of the country.
