Time to invest in compact-size homes
News such ‘home loan rates have been scaled down’, often triggers the buying behavior of people who act in haste and then repent in leisure. As per experts, while conceiving property related decision, an investor should take into account its long-term utility before stepping ahead. Investing wisely in a house, which meets the budget limitations, is the need of the hour and compact-size apartments perfectly fit the description.
Often, homes which do not create a dent in the pocket of an investor, become a liability for the next generation. To avoid such mishaps, experts recommend to invest in compact-size apartments or houses, in a move to cut down the financial burden. Add to it, easy maintenance and a hassle-free conservation along with the influx of the prevalent culture of nuclear families have all added to the significance of compact homes in India.
What compact homes have to offer?
In major metropolitans like Delhi, Gurgaon, Mumbai and Noida, compact homes including 1-2 bedrooms, kitchen and toilets along with balconies have found a special preference among the buyers and investors. Raking in cold cash, the number of sales for such apartments have outstepped the sales figures for larger homes. One logical reasoning to this anomaly is the consistent low prices of such apartments, which has served as an enticing factor for the buyers.
True to its name, a compact house easily fit the requirements of a family, since it has hardly any unnecessary spaces not utilized. Every inch is put to use by proper planning, leaving no scope for surplus square footage. Since a small apartment is more affordable due to less land cost, labor and material expenses, a buyer is left with adequate money to spend on flooring and home decor items.
The rising trend
In the midst of snag and congestion in the metro cities, a self-sustained and compact abode which is scrupulously accommodated in one of the hot spots of the city, is one of the few options that caters the growing demand of home buyers. Students, business fraternity and the young employees have developed a hang for such homes and are fast disposing in favor of it.
Compact accommodations are no longer limited to ships, aircrafts and station wagons. Indian realtors and builders are clinching the deal with leading architects and coming up with smarter and greener abodes, to gratify the contemporary demands of condensed living. Today, the rising trend of compact homes, which promises lower maintenance bills and quality living, compliment the current notion of modern day art of living.
