The booming real estate market is currently spoiling investors and homebuyers for choice. Homes don’t just come in tall, multi-storey apartment buildings anymore — there are villas, row houses, and even builder floor developments. The latter is an especially promising option because it offers all the luxuries of a private dwelling with the conveniences of a residential building. Builder floors are low-rise buildings where each floor is an individual apartment, taken up by a number of renowned real estate developers.
Multi-storey apartments are usually the most preferred option with around 60% of first-time homeowners choosing it as per a recent survey. The appeal could be the community living aspects along with the variety of lifestyle facilities. However, independent living has its own premium appeal today. Having the whole floor to yourself with extreme flexibility and privacy is attracting an increasing amount of buyers.
Bringing independent living to the larger masses, builder floors have three notable benefits that should be considered by home buyers and investors alike. Privacy
Having your own floor in a low-rise residential colony is definitely a luxury. This premium choice offers more control over your environment as well as private access to resources like water supply and electricity.
Space
These floor units also guarantee plenty of space, usually spanning over 1500 sq. ft. with a floor plan of 2–4 BHK. This extra space is the best asset especially when you have complete liberty when it comes to decor and renovations. With the required permissions, owners are able to customize their space without the hassle of reluctant neighbors.
Costs and Dividends
Although these homes are more expensive than those in a multi-storey development, they offer complete independence and flexibility that can otherwise only be offered by much more expensive private plots. This desirability ensures great dividends from rental income. Lesser amenities and shared spaces also reduce the maintenance cost. On the other hand, there might be a higher per flat average cost of maintenance due to the private power and parking facilities.
When deciding whether to go for a multi-story or a builder floor apartment, it comes down to the choice between affordable or the ideal lifestyle. Builder floors offer that comfortable, luxurious life for those that want complete liberty and privacy.
Originally published at http://realestateandepc.wordpress.com on May 18, 2022.
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