When we are about to buy our dream home, we be in a dilemma which type of property to buy for living. It could be an independent house or a flat in a stand-alone building or an apartment in a residential complex. Each type of property has its own pros and cons. Though it is a matter of choice for every individual where they want to live in, still we can discuss about the pros and cons for comparison of different types of property. So, it can be easier at the time of taking decision for buying a home.

Besides choice, the decision of buying a home also depends on some other criteria like price, job location, transferable duties etc.Here we start our discussions with first type of home which is an apartment in a complex. An apartment in a complex is a best choice now-a-days because of the facilities and amenities it has. However, it still has some disadvantages which is discussed in this article.

The key advantage of an apartment in a complex is security. It is very much essential at the event of living your home locked for a long time and also for the family members.A complex is full with facilities and amenities where living becomes enjoyable. For example, after a daily hectic day, there are several options for relaxation. It can be some work out in gymnasium or just hanging around in the garden or spending some time with family under the open sky or a dip into swimming pool.

Facilities like power back up, water treatment, cctv camera, escalators makes a life hassle free.A community where different people from different background come together and it is very helpful to each other. Like a doctor or a teacher is always required at any community.No one has to take care of the maintenance. It is taken care by the company hired by the society.

Individual properties built on a plot of land are known as independent houses/villas. They usually take the form of a low-rise structure that is open to the main road. Some developers sell luxury residences in gated communities with private or shared amenities.The occupant has privacy and control over the structure and layout of the house, as well as the cost-effectiveness and consistency of the materials utilized. Multiple levels can be built, with one floor being self-occupied and the rest being leased, providing a good source of cash while being taxable.

Apartments are the most frequent type of property in Indian cities for reasons such as modern aesthetics, modern amenities, in-house management, and superior security.Apartments are a viable choice for self-use, rental, and investment purposes. Apartments are comparable to single-family homes in every manner, and rationalization can be done on a small scale without disrupting the apartment’s straightforward layout.

As we can see, it’s not a question of which is better than the other; rather, it’s an issue of preference. As a future home buyer, you must consider a few variables that will have a direct impact on your lifestyle, whether you live in an independent house or a flat. So, as a starting point for deciding between a flat and an independent house, look over our list of other considerations.A flat comes with additional utilities such as water, electricity, and security. Though they come at an additional cost of 2-5 percent of the purchase price, we can’t deny how easy it is to have it taken care of right away when we move in.

In the event of a self-contained dwelling, you must arrange and manage all of these amenities on your own. If you live in a gated community, speak with the members of the committee to see if they can assist you.In the case of flats, the contractor takes care of the legal processes, and the homeowner only has to pay the proper fee for the apartment and move in whenever they want. Because the cost of owning a single family house is far higher than the cost of purchasing an apartment, demand for a home loan would climb in lockstep.

This will comprise the purchase price of the plot, stamp duties to be paid to the government, clearances required by various authorities, expenses of connecting power, raw materials, labor costs in the city, and, in the case of repairs, architect’s fees.

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