1 BHK OR 2 BHK – Which is a Better Option?

Posted by 1bhkingoregaon on January 19th, 2022

Buying property is a great deal for everyone, especially if you’re buying a 1 BHK in Goregaon West near station for the first time. But this process involves a lot of research and there are so many factors that one needs to consider while investing in a property. For example, you have to select the location, which type of apartment you are looking for, the size of your family if you’re planning to buy an apartment and settle there forever, your budget and proximity to healthcare, education institutions, malls, and restaurants that cater your lifestyle.

Other than that, if you are looking to buy property for investment purposes, deciding whether to buy 1 BHK in Goregaon West near station or 2BHK in Goregaon is a tough decision. 1BHK is reasonably priced than a 2BHK, but if you evaluate the market trend and other factors, a 2BHK comes out more pocket-friendly and cost-effective. That\'s why to help you make the decision, here we have mentioned some of the factors that can help you to consider that which one of those two apartments would be perfect for you.

Why buying a 1 BHK apartment is a good option

Affordable - The smaller the unit the more affordable the apartment is. That\'s why a 1BHK unit is much more affordable than a 2 BHK unit. Besides, a 1 BHK in Goregaon West near station is an ideal starter home for a first-time homebuyer on a budget. Less capital involved would mean that the homebuyer will have to make a small down payment and smaller equated monthly instalments. Apart from this, if you are looking to invest your money in residential property, 1 BHK flat is a perfect option for you too.

Can save up monetarily - Investing in a 1 BHK in Goregaon West near station will cost a person less and they won\'t have to pay a large amount of loan and interest in the long run. And once the loan is repaid, the investor can save his money for future investment.

Lower property tax and utility costs - Unlike other big houses such as a penthouse or villa, having a 1 BHK apartment will cause you less trouble as you will not have to shell out a large amount for maintenance, utility costs, property tax, upkeep, and the necessities required for the room. This can save you a lot of amounts.

Now, let’s see, why 2 BHK is the best Real Estate investment option available

Spacious - A 2 BHK unit will be much roomier than a single BHK apartment. You will have larger rooms and more outdoor space. Nowadays many developers also provide you with a kid’s room or a study room to give a 2 BHK unit a bigger and better look. It offers extra space which helps the homeowner to accommodate their furniture and plan the home decor accessories accordingly.

Better target audience - In the last few years, 2 BHK apartment has become one of the most preferred types of units in metro cities, especially among nuclear families or with a small family of four to five people. This type of unit is also best suited for migrants who have shifted from their hometowns to cities.

Resale value - A 2 BHK apartment in a city like Mumbai is going to be a lucrative long-term investment. And the appreciation value of 2 BHK is definitely going to increase so if you want to sell the flat anytime in the future, you can expect a good resale value. Besides the demand for 2 bhk flats in Mumbai has also increased, due to the growth prospects the city offers. Which makes a 2BHK apartment the best investment option for you.

Final Takeaway

As you have read the article, you have come to know what are the benefits of buying a 1 or 2 BHK apartment. So now if you are planning to buy 1 BHK properties for sale in Goregaon West or looking for 2 bhk property 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.