What Makes Apartments Better for Investment than Homes?

What Makes Apartments Better for Investment than Homes?

The greatest opportunities to grow wealth in today’s time are yielded by the real estate industry. In Bangalore, at the wake of revolutionary development in the real estate market, things are looking up for investors. In the given situation, the best way to pitch in your money is multi-family housing units, something that Bangalore is suffused with.

Investors who have been pro players in this business recommend apartments over houses. Those who have held multiple properties in Bangalore over the past 10 years opine that apartments make better investments than homes at this point. A home, they say, is more of a liability than an asset. Alternately, an apartment is an asset that exhibits a better growth curve in the city of Bangalore.

Three Key Reasons to Invest in Apartments

Millennials earn, aspire, and spend for style

The first indicant that speaks in favor of multi-family apartments as a rewarding investment now and in the future is the IT boom in the city. Bangalore is officially the IT headquarters of India. Hundreds of thousands of professionals make a living in this Silicon Valley of India. The millennials who are associated with the industry are earning enough to afford a fair standard of living in Bangalore. That way of living includes a nice place to call home, an independent medium of communication, good schooling for children, vacations and weekly entertainment, and such. Thus, buying a high end condominium is a life style for the IT professionals in Bangalore.

Fully loaded homes, all amenities are pre-packed

The second point that says buying an apartment is a wise investment decision that will keep sending profits your way a long time is the fact that most millennials are more interested in apartments than homes. Today’s apartments come with a complete package of amenities most of which are a matter of personal choice in homes. With an apartment, everything comes ready and served in a platter. Buyers happen to like that and that’s why they choose apartments over homes.

Land is costly; apartments are less expensive

With the city rapidly running out of its stock of raw lands, it’s becoming increasingly expensive for developers to build individual homes. Apartments cost them less, considering how many families it can accommodate at a time. That makes apartments a less expensive choice for buyers too. Inversely, when it comes to selling them off when the price touches the apex, these apartments fetch amounts twice their purchase price.

Roadblocks along the Way

The first roadblock on the way of getting an apartment is the hefty down payment. Once you get past that part, procuring a loan becomes pretty easy. Loans for apartments are easier to get than loans for homes, offices and other real estate properties. Alternately, if you have a stash of cash with you, then go ahead and pony up whatever you can to clear up the first part of the payment. The deficit you can either fix with a loan or from your income.

Finding the right investment property is another challenge faced by seekers. It’s not easy to spot the best property your money can buy. Some buildings are generous with amenities but are unimpressive in their locations. Then there are apartments in plush locations with scanty amenities. There are only a few that strike the middle chord. In apartment buying, location is the peak of the pyramid. A good location is marked by proximity to important places in the city, connectivity with the rest of Bangalore, minimal crime rate, decent neighbors and such.

Some Handy Tips

If possible, prefer an apartment on the higher levels.

Always, always choose to buy apartments from reputable builders who have a name for fine properties, timely completion and honest dealings.

Even if you live outside India, make sure to personally visit the site before you decide to buy.

If you are new in the business, do not hesitate to shop around. If possible, be accompanied by a realtor who can advise you on the properties.

Surf along the online listings. it is age-old, and quite a comprehensive approach to finding properties. Do not underestimate the power of the property portals.

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