One of the few dreams shared by people across different races, colours and religions is to own a home of their own. Owning a home requires prudent financial planning. It also requires a lot of thought about the kind of home you want to buy. You must choose if you want to buy an apartment in a complex like Shrushti Prarambh or buy an independent house. It is not an investment you can make on a hunch. You need to be extremely sure before you make a purchase, as buying and selling of property is a long and drawn-out process. You must also consider things like location, accessibility, appreciation of property, security etc. Purchasing an apartment comes up top in a of barometers. Let us things that you must consider before buying a property.
Cost of buying
When it comes to cost of the property, apartments are way cheaper than independent house. If you buy an independent house, you will have to spend money on the plot, the stamp duty to be paid to the government, various clearances needed from local municipal corporations and authorities, cost of labour, raw materials etc. On the first glance, you would think that a builder would also be spending this money, so cost should turn out to be the same. But that is far from true. First of all, builders have long term plans so they buy when the cost of property is not that high in that particular area. On top of that they get massive discounts on raw materials, whether it is brick and mortar or kitchen sinks. This reduces their cost of construction to a large extent. Check out local listings of all the upcoming projects in your area at bestpropdeal.com.
Facilities and security
Another important factor is the kind of facilities and security available. There are no guarantees that you will get facilities like gym, indoor gaming room nearby if you buy an independent house. However, when you buy a property in housing complexes like Shrushti Prarambh by Shrushti Developers, you are given all these facilities inside the complex. Another factor that tilts the scale in favour of apartments is that you get ample parking for yourself and your guests. Also, the security in apartment complexes is top notch. There are guards manning different corners and there are enough CCTV cameras to cover all common areas.
Ease of getting a loan
It is much easier to get a loan if you wish to buy an apartment, as compared to an independent house. The banks tend to scrutinise far more when you apply for a loan for an independent house. It is a very time consuming and cumbersome process.
Also Read:- What Are the Benefits of Buying 1bhk Flats?
Cost of maintenance
It is the responsibility of the developers and builders to take care of maintenance of building. The monthly maintenance that you pay covers for everything from faulty plumbing, to faulty wiring to cleanliness of common areas and the general upkeep of the building. Since these costs are pooled in by all the residents, cost of maintenance turns out to lesser in apartments.
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