Which is better, Apartment or Independent House- Know to Choose Ideal Home

Posted by 1bhkingoregaon on January 7th, 2022

Owning a home in Mumbai is a milestone that many want to achieve. People work really hard and spend a large part of their life accumulating resources to make this dream a reality. However, the real dilemma begins when you have to decide between an apartment of 2 BHK in Goregaon that comes with a host of amenities or an independent house that can be crafted according to your choice.

We all know that the home is the place where people relax and spend their leisure time with family and friends. So before making any decisions, it is vital to examine whether the property you are looking for fits your needs and expectations. Choosing between a 2 BHK in Goregaon or an individual house can put a homebuyer in a never-ending dispute. So in this article, you can get a thorough understanding of both these property types so that you can make an informed decision about your investment.

What is an Apartment

Apartments are nothing but a residential space inside a building. It\'s one of the most popular property types across cities in India. Apartments in Goregaon West are designed to house a large community and offer modern-day amenities. Mostly a 2 BHK in Goregaon comes with a well-rounded security system and gated community that looks out for the property 24×7. Apartments are a good choice for those looking ready to move to 2 BHK in Goregaon, renting or planning to buy property for investment purposes. However, today in the Mumbai region, apartments are at par with independent houses in all respects, and as far as customization is concerned, it can be taken care of at a small scale without altering the basic set-up of the apartment or the building.

What is an Independent House?

An independent house means you are the landowner and has the authority to construct a house based on your choice and preference. The owner has full control over the design and architecture of the house, along with the cost-effective use of materials used and the quality. They can build multiple floors, self-occupy one floor, and rent out the rest, which would be a good source of income but will be taxable. These types of property are preferred mainly by people who want privacy. Also, the individual house can offer you a great appreciation and resale value if one has the patience to keep for the long term.

Should you buy an apartment or an individual house?

While each has its benefits:

1 - If you are looking for the resale value based on land appreciation, then individual homes are better. Because the appreciation value of an apartment will be based on the development of the locality, but then there would be no land value attached, except for the small portion of undivided share offered with the flat.

2 - Plot owners get delayed tax benefits, but apartment owners can immediately avail them, especially for their first home.

3 - An individual house provides you with complete privacy and a peaceful environment but needs financial resources and constant maintenance, cleanliness, and repair efforts. In a society with apartments, they have a dedicated in-house maintenance team that takes care of everything and are available around the clock at a reasonable expense due to the pooled resources.

Conclusion

As you have read the article, you have come to know that deciding on whether a flat or individual house is better is wholly based on your tastes, needs, and budget. So now, if you are planning to buy 1 BHK in Goregaon or looking for 2 BHK for sale in Goregaon West, visit The Chandak Group - www.chandakgroup.com they will offer you some of the best property deals in your budget.