flats vs house what is the best investment?

When it comes to housing, there are two major categories. People who prefer to live independently and people who prefer to live with convenience. It is often considered that living in an individual house is more independent than living in a flat which is not entirely true. Owning an independent house gives you the freedom of developing it as per your needs which is not possible in flats but the Independence can't be measured by this only. In either case, you have to live inside the walls only. That's why it doesn't really matter whether you choose a flat or an individual house if it fulfills your needs. When we look in the perspective of investment, flats are good to return for investment as compared to individual homes. They are comparatively cheaper than individual houses and selling them is easier due to easy finance options and less overhead cost. You will find a lot of flats for sale in Mumbai that can match the investment requirements of a wider population as compared to an individual house.

Here's a list of few factors to decide which is a better investment, a flat or a house

Size can be a big issue when it comes to the apartment as the area is limited in flats. But when it comes to the location, flats are ideal because you can find affordable flats at prime locations which are not possible in case of purchasing an individual house. Numerous flats for sale in Byculla Mumbai overcomes this size constraint also and you will always have the extra room for your furniture and stuff.

If you don't like to be interrupted by neighbors and the traffic noises outside, then flats are the best option for you. You can't control these factors in an individual house. There are a lot of flats for sale in Byculla Mumbai where you can maintain your privacy without compromising on space and convenience.

The security of apartment buildings is far better than individual houses because it is covered in the monthly maintenance fee only that is shared by all of the flat owners. Trying to do the same on an individual house will cost a lot of money.

These are three major factors of choosing a flat over an apartment. Flats require greater maintenance cost and the returns on investment is secure and comparatively better from the individual house. If you are willing to know the 5 simple ways by which you can invest in real estate then Click Here

5 reasons why you should buy flats over Bungalows

If you are new in a town, innumerable flats and apartments are there to choose from. Say you are searching for a house to live in, a flat would be easier to find and cheaper to afford for a middle class person than a bungalow. From a middle class Indian’s perspective, bungalows are generally for people with lots of money! So here’s the five biggest reasons why one should buy a flat over bungalow.

                   

Security:

Security is the biggest point that keeps coming in your mind when you visit the real estate companies in Mumbai for a new flat. When you live in a flat, you have lots of other flats near to your flats. You have several security guards securing your life 24X7. But when you live in a bungalow the security lies in the hands of a single or two security personnel. Certainly this is the reason, elderly people like flats more than bungalows.

Community atmosphere:

When you get old, you like people around you. In the afternoon when you stroll along the garden of your community, you will love to chat with people of your age, of other age as well. This community kind of atmosphere is only available when you live in a flat. You can invite others to your house, you sometimes get invited. When you are ill, you will find neighbours helping you out. So you will be in a family like atmosphere.

Cash in hand:

When you have a certain amount of cash in your hand you will feel mentally comfortable. Danger never comes alarming you and you have to be prepared for every type of situation. When you live in a flat, you certainly have more money in your hand rather than living in a bungalow where you have to spare a lot of money for every second thing to do!

Househelps:

Househelps are easily available in flats. When you are approaching real estate companies in Mumbai, you can even ask them about househelps. When you live in a community, you need not to spend a lot of money for house helps comparing to when you live in a bungalow.

Maintenance:

When you live in a flat or rather in a community, the owner company takes care of the maintenance of your flat whereas when you live in a bungalow, everything about maintenance needs to be done by you.

These are the few reasons why people rather middle class people always buy flats over bungalows. If you want to know more about 5 Reasons why buying flat in Mumbai is a benifical for NRI's then click here