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.
