Investing - Apartment or Bungalow in Salem
Flat or Villa is the chief debated topic for the investors’ today. It becomes difficult to decide whether to prefer an apartment that fosters community building or the independent villas in salem for luxury and privacy. With the innovation in science and technology, there has been a gigantic improvement in architecture. People opt for apartments as well as bungalows based on their comfort, and needs.
Villas growing in demand …a place to have a peaceful living
If a king-style prolific life is something that you desire for, then bungalows or villas could be a blessing in disguise. They offer you space, luxury and lavish atmosphere. Besides this, you are the master of your house. No disturbing neighbors, no seeking permissions. Currently cottages are facilitated with attractive amenities like swimming pool, gym, guest rooms, library, squash courts, banquet halls and much…much more. In addition, excellent property value, independent alteration, open spaces are the benefits. There are cons of villas too. Poor security is the greatest drawback. In addition, if you are a working parent, it becomes difficult to lock a large villa and move out for long hours of duty.
Apartment Building-Real Estate Investment
Buying a flat is one great investment as either you can stay there or rent it to generate income. This is the present scenario in India. Although the majority of people are looking for an apartment, they primarily look at the amenities offered. The major reason to prefer multi-unit dwelling is security and less cost of maintenance.
“In apartments, people can develop socialization. Apartments are built for a group of families, who can stay in flat and form a community. They themselves will establish a modest body which governs the community by taking care of providing all the provisions required like security guard, employing the workers to keep the apartment clean and neat, taking care of water facilities, sanitation, providing escalators, parking slots, etc. This provides lot of scope, thereby distributing the work among the respective families.” Source: essayforum.com
However, one must not forget that apartments having lower monthly lease have less area, tiny rooms and cramped spaces. Several flats aren’t provided with balcony, terrace or open yards. Any extra embellishment in an apartment requires the permission of the landlord and other society members. Apartments have the risk of falling prey to crimes like burglary and thefts due to easy-going attitude.
Staying in an apartment or a villa has its own pros and cons. It depends on the residents’ needs and contentment.