What are the advantages of investing in a 2 BHK apartment?
In the last few years, we could see a considerable growth in the residential real estate sector of India. With the intervention of Government through the policies, the home-buying has become easy and every individual can afford a house whether single or married.
There are various options being available but the question that creates confusion in the mind of buyers is regarding the size of the apartment that whether they should invest in 1 BHK or 2 BHK.
That is very obvious that 1 BHK is always pocket friendly than the 2 BHK, but if we go through other factors and the trends of the market we could conclude that 2 BHK is always a better deal to close.
So, let’s have a look at some benefits that a home seeker should consider while investing or buying a 2 BHK flat:
Effectiveness of Cost
A 2 BHK is always more cost effective than the 1 BHK. If going through the market value 1 BHK will have lesser price than the 2 BHK but what we should consider is the cost worthiness and effectiveness. The cost of 2 BHK is always more effective than the other.
Let’s take an example of the prominent location Noida Expressway. 1 BHK here will cost you around 22-23 Lakhs wherein a 2 BHK residential apartment starts from 30 Lakhs*. With a little difference in price, you get more space, extra room and a flat that is ideal for a small family.
The cost effectiveness is always more for 2 BHK than the 1 BHK.
Spacious and Bigger
The size of 2 BHK is more than 1 BHK and is more spacious. Bigger version of everything, like that of an extra bedroom, kitchen, balconies and bathroom.
Even, developers to add extra space they incorporate a study room or kid’s room to make that unit look bigger. This helps in making easy and convenient accommodation of the furniture and home décors.
Entering new phase of life/ Family Planning
We all dream to buy our own home but it becomes a need when we tend to enter a new phase of life. If you are soon to get married or doing family planning then your home buying becomes priority.
Now, in the scenario 1 BHK is small and 2 BHK is considered a good option for the future prospective. Growing family needs bigger space for each member. 1 BHK is ideal for singles or bachelors who have just started their career. For a family 1 BHK is a bad decision.
As government made various policies and relaxations for the affordable housing, a middle income group can think of buying a 2 BHK residential apartment by putting in less money.
These transformations have made developers to launch more units of 2 BHK than 1 BHK flats as the demand prevails high for the same.
Return on Investment and profits
We all will agree that investment in 2 BHK is high but looking at the future prospective, a 2 BHK always reaps high returns and profits as compared to 1 BHK.
2 BHK have more probability of offering better returns on investment, with the property price and the market trends.
So, with these above mentioned benefits, it’s always better to opt for a 2 BHK apartment than the 1 BHK.