Investing
money in a property is not an easy task. Not only does one need to find a safe
avenue, but also think about what to buy–an apartment or a built-up house, or a
plot. The decision depends on your needs, lifestyle preferences, and other
aspects like taxation and bank loan.
While
investing in BDA plots for sale
in Bangalore or land means building a house as per one's own
requirements and approved layout, a flat is a multi-floored construction with
no freedom to change the construction layout and size.
In a
plotted development, you are responsible for the construction and security of
the built-up house, whereas, in an apartment, there is the benefit of security,
location, and accessibility.
Plot vs. flat: Which one is a better investment option?
Effort
While
buying a plot, one has to plan construction on an approved layout and hire an
architect or a contractor to execute it. Apart from supervising the
construction, arranging finances and dealing with local bodies and contractors,
it involves a lot of leg work over little things.
But, when
you buy an apartment, the developer is in charge and gives possession upon the
completion of the flat. One only has to worry about furnishing the house and
not the actual construction.
Moreover, a
flat comes with basic amenities like power back-up, water, maintenance, and
security and some added amenities like a clubhouse, swimming pool, etc.
If you
decide to buy a plot and build a house on it, you will certainly have to make
all arrangements on your own. This makes buying a flat a good proposition.
Delivery
While it
may take some months or even years to get the possession of an apartment, plots for sale in
Sarjapur Road are usually ready for possession. If your choice of plot
is part of a township, you are likely to get possession of the plot earlier
than a flat.
As
developing a plot is easier, it has more takers, therefore, it is easy to exit
your investment when you want to. Appreciation depends on the location and
proximity to big infrastructure projects. Also, during stable market
conditions, the worth of a plot rises with time.
Location,
surrounding infrastructure, and the quality of neighbourhood push up the value
of apartments, as they do for premium villa plots
in Sarjapur too.
Tax
Tax
treatment for premium lakeside
villa plots and flat is different. When you take a home loan to buy an
apartment or a builder floor, the monthly loan repayment allows you to save
tax.
Income
If earning
a regular rental income is on your mind, you must invest in a built-up flat. An
apartment can be rented out to fetch you some income, whenever you want, which
is not possible in the case of BDA approved sites for sale.
8884155555
No comments:
Post a Comment