Buying property is a great deal for everyone, especially if you’re buying for the first time. There are many factors one needs to keep in mind while investing in a property — location, size of your family if you’re buying to sell or settle forever, budget, proximity to healthcare and education institutions, and one that caters to your lifestyle needs in a wholesome manner. Apart from this, if you’re interested in reselling, one needs to know the appreciation value of the flat, maintenance cost and how easy it is to sublet the flat, depending on amenities, location, and neighborhood.
If you have a choice between a 1BHK and a 2BHK apartment, you might want to consider some pros and cons of both, to make an informed decision.
There are some obvious pros of buying a 1BHK in that it’s affordable, small in size, low cost, and maintenance is easy because of the small space. 1BHK apartments are easily available everywhere. In fact, out of the 10 projects, 7 will have a 1BHK on average. Also, most of the builders prefer 1BHK units because they are easy to sell. And if you are single, unmarried and travel frequently because of your job, then a 1BHK apartment is a good option as it is easy and quick to rent it out.
However, due to the cramped and small space, a 1BHK apartment might not be suitable for families. Many times, you come across some 2BHKs which are prices at par with a 1BHK, in which case, it makes sense to invest in a 2BHK flat.
One of the main pros of choosing a 2BHK in is that it’s easily available. Another advantage of a 2BHK is that it is perfect for nuclear families to settle in. If you choose to rent it out in the future, it is pretty easy to find tenants for a 2BHK in a short period. A 2BHK apartment is relatively more spacious than a 1BHK, giving space to families with kids and a greater sense of comfort. As compared to 1BHK, the appreciation value of a 2BHK in is better.
If you compare between a 1BHK and a 2BHK, the resale opportunities are more for 2BHK. Although, it depends upon the market & locality too.
Some of the cons of 2BHK apartments are that due to high demand, you have to book early, otherwise, it is hard to get a house in a location of your preference. Also, the maintenance cost will be more than a 1BHK apartment. Moreover, since the demand for a 2BHK is more, builders rarely give a discount.
Shapoorji Pallonji Real Estate offering 2 BHK luxury and affordable flats in various parts of India as given below —
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