Different Property Types | by ResaleAdvisor

 Different Property Types

| by ResaleAdvisor




Plot v/s Apartment V/s Villa


Investing in any kind of property is a smart decision. But it requires a good amount of knowledge of the market and the place we are investing in. People still don’t understand why investing in a property is better than other investment options, and like this, they end up losing many great opportunities and benefits. And even after you decide to invest in a property, you will find it difficult to choose between the options that are available in the market. One of them is the apartment, villa, and plot. – which is the better option. While everyone has thought about this or is still thinking and, are still confused. 


For your convenience Resaleadvisor.com have laid out the benefits of each one of them, so you can read it, and then it's up to you to decide which one is the most suitable and better option for you.  


Apartments:-



In India, a  large number of people prefer to buy an apartment that is ready to move in over flats. If you are buying an apartment then you get to enjoy multiple facilities on a joint basis. But to get those same facilities after buying a plot, the individual cost would have been very high. When you try to find a plot that is nearby your workplace or school, then it will take a lot of time in researching and finalizing. But apartments are available everywhere so it's easier to find then, which saves a lot of your time and energy. In an apartment, the maintenance is jointly taken care of by the society members of residents of the apartment. By buying an apartment you will get high-security features and this adds up to all the other benefits of buying a flat. And an apartment serves as a really good regular rental income source.


If we talk about the resale value of the apartment, then it depends on certain factors like location accessibility and the infrastructure in that area, these factors increase or decrease the demand for the apartment. If the ownership of land is not defined, then it's a disadvantage. Now even if the value of the land increases, it may not affect the price of your apartment that much. If you are interested in buying an apartment or flat then visit www.resaleadvisor.com.



Plots:-


Nothing can compare to living in your own house independently and with customized amenities. If you buy a plot, you have the liberty to make your house the way you want, whether you want to add extra floors if you need more space, or modify the inside and outside of the house if you feel the need to do so. Also, with increasing real estate prices, investing in a plot is the most favorable idea.


But when you analyze the demand and supply, then buying a plot becomes a very challenging job.


You need to have a good financial backup if you are planning to build a house after buying the plot because it cost a fortune to give your house a shape, starting from hiring an architect to laborers, or what else is required. This makes the whole process very time taking and complex. With money being involved at all stages. It's true that bank offers loans for buying a plot but they are subject to several terms and conditions. 


But after all of this, if you talk about the resale value then a plot always appreciates at a higher rate than a villa and apartment. If you are interested in buying a plot then visit www.resaleadvisor.com



Villas:-


Villas are basically a combination of a plot and an apartment. You get the benefits of a plot and an apartment combined in a villa. 


A villa or an independent house is for those who want the privacy of an independent unit but don’t want the hassle of constructing it. But there is one disadvantage of buying a villa, and that is the lack of security, power, and water backup which is usually provided by society complexes. However, these days developers and builders are offering these units in gated communities with individual and shared amenities.


In the case of a villa, the capital appreciation is not as high as that of a plot or apartment. The reason is the initial capital involved and the limited demand, if we compare it to apartments and plots. But monthly rents for villas are generally higher than apartments. But due to the high price tag, it is difficult to find tenants.


If you are interested in buying a plot then visit www.resaleadvisor.com.



All three types of properties have their own advantages and drawbacks. So, to get the best deal, you should know your own preferences and then judge the options

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