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tBest apartment in Bangalore |Best apartment in KR Puram |Venkat Estates, Explains Investing in Plot or Buying an Apartment-Know What is Right for You For More Details : http://venkatestates.com/investing-in-plot-or-buying-an-apartment-know-what-is-right-for-you/
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INVESTING IN PLOT OR BUYING AN APARTMENT-KNOW WHAT IS RIGHT FOR YOU
CONSTRUCTION FLEXIBILITY • Plot: You can craft your home on a plot as per your wish, design and future needs. • Apartment: You don’t have the freedom to make structural changes whether or not you need something particular in the future.
MONTHLY INCOME • Plot: Does not generate any income till it is sold or till a home is built and rented out. • Apartment: If you give it for rent, apartments can generate a monthly rental income.
CONVENIENCE • Plot: You need to hire architect, contractor and skilled labor and be closely involved in the construction of your home. • Apartment: Everything is done by the developer. You only need to take care of the interiors when the home is ready.
ACCESSIBILITY • Plot: Basic facilities may not be available within a convenient distance • Apartment: All the basic facilities are made available before handing over the property to the buyer, maintenance is assured by the builder for first few years.
VALUE APPRECIATION • Plot: Due to constant increase in demand and limited supply, its value increases quickly with many factors • Apartment: The value increases at a slower rate than a plot. Rate appreciation also depends on some factors
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