Investing in real estate is a big commitment. On top of that, one needs to explore every available avenue of information before investing their hard-earned money. Most people debate between the option of a flat or villa. The decision on whether you are going to invest in a villa or a flat boils down to your budget.
Your finances should dictate the choice. It is best to explore all the options in projects such as the Godrej Garden City Ahmedabad. When you take a closer look, flats come much cheaper than stand-alone villas. But, the space accorded by villas is much more. If you do the math and a bit of research, the amount of money you will be spending on a villa these days can get you on a duplex, luxurious apartment. The choice should be based on your requirement and lifestyle choices.
Next is the maintenance cost. Villas are naturally larger than flats and hence, require higher per-square-foot maintenance. In case you are investing in a villa with a huge garden, you need to pay for its maintenance. However, many flat owners are known to have large terraces and plants, and hence, the expenses remain the same. If you go in for a builder villa, you can get the same level of maintenance. However, most people find it easier to take care of a flat or apartment.
Also Read: Flat vs villa: What should you invest in?
Location plays a very important role these days – especially when it comes to real estate properties. It is best to invest in a property that is well-connected with the rest of the city, located at the heart preferably close to basic amenities like health care facilities, schools/colleges, market complex and the likes.
Also, investing too much of your savings can cause a strain on your budget. It is thus suggested that you opt for home loan in order to lessen the burden of payment and repay the loan as per your convenience. Bajaj Housing finance offer low interest home loan.
Additional Read: What Exactly Constitutes Affordable Housing?
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