House or apartment? Which guarantees better returns?
Buying a property, hands down, is one of the biggest plunge one can ever take, when it comes to investing for higher returns. Hence, making the right move is imperative to rake in the moolah, in the days to come. According to property consultants, right knowledge and data at the buyer’s disposal call the shots for higher capital growth and rental returns in the future.
To invest in a house or an apartment for promising returns, the oldest debates in the real estate market, is often toted up on one single factor-’affordability’. Be it apartments or houses, both have their own set of benefits and drawbacks. Hence, a buyer/investor needs to be crystal clear with their needs and preferences when it comes to property buying.
Given the market reports, the culture of apartments is booming and is all hyped-up in the country. Read on to know why apartments have an upper hand over houses and how it is a lucrative investment destination.
Why apartments have gained preference over houses?
The culture of apartments is catering to the needs of more than 70% of the property buyers in the market. Albeit, a house offers more capital gain in comparison to an apartment, owning the latter is much more effortless. Furthermore, acquiring luxurious and classy apartments has recently caught the fancy of affluent buyers for its additional amenities (such as swimming pool, club house, gym etc.) which are unavailable in houses.
In addition to the list of credentials, apartments do not stand in need for regular maintenance unlike the houses. Property owners are under the de trop obligation boundary, to look after the house while apartments owners are more sorted out. To put it simply, apartments owners free from the onus of ‘regular maintenance’ unlike the house owners, and the existing problem is faced with the aid of supervisors.
Benefits of apartments that influences buyer’s decision
Purchasing an apartment will offer a buyer the experience of luxury and elegance at easy rates. On the contrary, a house offers same amusements by at an overpriced rate. Finance for such apartments are available from numerous banks. This adds brownie points to the buying behavior of apartments. Hence, it can be said that buying an apartment is better than a house.
Another factor that sharpens the appeal of apartments, is that the renovation expense is quite less (requires coat of paint and changing of door handles) in comparison for houses. An apartment can be renovated at the lowest expense, in comparison to a house and this labels it as the most viable investment destination.
