23 Oct 2016

Priyanshi Khari

Land or Apartment :- make a good choice

LAND OR APARTMENT :- WHAT'S A GOOD CHOICE

Today a good question arises, that we should invest in Land or Apartment? which is the best choice? While buying a plot of land gives a bigger opportunity of ownership and on the other hand apartment offers a greater security. Both investment have some merits and demerits, but there are few important points that can help an investor to invest in the best. Buying an independent land/floor means owner can build a house depending on one's own requirement. On other hand, a flat is  redesigned. The flat buyer do not have the freedom to change the shape and size of the construction area, but there is security. Land has an advantage of assured returns, but it usually needs investment in full and there is no choice of taking leverage on the fund. Flats are very easy to buy and the investor can take leverage on its fund.


WHICH REQUIRES MORE INVESTMENT?
Building one's own home can be a challenge since many people are involved in the construction activity. You need to be aware right from choosing an Architects to ensuring raw material are used correctly. And also a common problem faced by people is the tendency to stretch the budget. On other hand, with flats a fixed rate has to be paid to builder, the buyer only has to spend on getting the interiors done.


WHICH HAS BETTER RESALE VALUE?

When one has to resale their house, most people who want to buy an independent house will prefer a plot and construct their own house. In case of house, the value will have a direct correlation with the amenities within the house. In case of flats, the value of flats rises as the demand increases. But the houses have higher resale value then flats, as after buying the house person becomes the owner of the land.