So, check out reasons on why buying a 1 BHK unit could be a choice that is great.
Affordable: needless to say that 1 BHK unit is more affordable when compared to a 2 unit that is BHK. A home buyer who is tight on budget, a 1 BHK flat is an ideal option to buy for a very first time. Affordable means less cost range, smaller EMI amount and a smaller down payment amount. More over, 1 BHK units come under the affordable housing section which is connected to mortgage loan scheme that is subsidised.
Less cost that is additional smaller the product size, smaller will be the extra expenses associated with the unit. As compared to a 2 BHK unit, 1 BHK units have smaller energy and maintenance charges as well as attracts smaller property tax.
Demand and supply: the marketplace that is current shows that 1 BHK units are less preferred in comparison with 2 BHK devices by the home buyers. The demand for 1 BHK units is for a much lower part compared to other specifications. The lower need implies that the buyers preferring 1 BHK have ample of options to buy from. This also means that the purchasers could possibly get their choice of this unit at a much negotiated and affordable cost. The builder could also offer some extra offers such as for example waiving off of club membership, maintenance costs or Goods and Services Tax (GST) so that you can sell their inventory off. The government might levy some additional tax on the developers for their unsold inventories for over a year as likely from the next financial year.
Good investment option: buying a 1 BHK is a investment that is good in the event that unit is put on for lease. Usually, students, bachelors, lovers prefer 1 BHK flats due to pocket friendly rentals, simple to maintain and maintenance that normally low. Most of migrants as well prefer 1 apartments that are BHK to all or any the mentioned reasons. In term of rentals 1 BHK flats are high on demand and consequently 1 BHK units are a desirable option for investors to make a regular income that is monthly.
So, then 1 BHK is actually a wise decision, consider it if you are also planning to buy a property.