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Apartment prices in Bangalore are skyrocketing and affordability is not keeping up with the pace. This is where villa plots come in to save the day.
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Why prefer buying villa plots over apartments? Apartment prices in Bangalore are skyrocketing and affordability is not keeping up with the pace. This is where villa plots come in to save the day. Besides being affordable villa plots have several advantages over apartments such as higher resale value, lower maintenance, less regulatory compliance issues, scope for joint venture development and much more. In this blog post we will be discussing in detail the advantages of buying villa plots in Bangalore. 1. Low cost Financial strength is one of the most critical factors when it comes to investing. People are either unable to afford or intimidated by the idea of mortgage and sometimes both. The intensity of this problem significantly reduces when it comes to buying a villa. Villa Plots are much less expensive when compared to apartments. The plots come in different ranges making them affordable to all types of people. The capital costs are lesser and the EMI rates are affordable too. Source: Flickr 2. Construct your tailor-made house You can construct a house in a villa plot but can’t do it the other way around. Also when you construct your own house, you can craft it according to your tastes, comfort, and budget. Also, you can vertically expand the building and generate money by renting out the extra space. This
way your construction would become an asset rather than just being a liability that would strip you off your monthly income. If you already have your dream home, you can just buy a plot, construct storey house and sell it for a higher price. It’s an easy business! Source: Pixabay 3. Less rules! Less Maintenance! Apartments come with their own share of annoying rules and regulations. Some say ‘no’ to pets, partying, guests and so on. Apartments also charge you some handsome charges for the maintenance of different things that the residents don’t even use most of the time. But when you have your own house constructed, you can totally be independent. The maintenance costs for
Villa plots are significantly lower than that of apartments. And let’s be honest - Villas make you look richer! Source: needpix.com 4. Higher resale value Apartments have a lifespan of hardly 20-25 years. Post their lifespan, they are considered unsafe. They go outdated and require an expensive revamp before reselling. But Villa plots almost need no maintenance at all. You can just clear up the area and reselling becomes a piece of cake. Also, the Villa plots in the major areas grow in value as much as (sometimes more than) apartments.
Source: Pixabay 5. Less sharing Apartment culture comes with the notion of shared resources. This can be annoying sometimes when you can't have some solitude in your terrace, or see someone messing with your terrace garden. It is more annoying when the exterior of your apartment is painted in a color that you don't like. Deploying renewable energy generators like solar panels can also be a pain considering the number of permissions you will have to take. Shared pools are not so hygienic but when it comes to having your own house, you can totally construct your infinity pool on the terrace. This is not the case when it comes to constructing your own space. You can totally own the space. Source: HomeAway
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