Many home buyers are boggled by this question when it comes down to making a decision about buying a new home – Luxury Apartment or an Independent Villa? Not considering the cost factor, there are several pros and cons for either option. The decision to opt for an independent house or an apartment depends on several factors such as
- Are you buying in a city to which you have resettled. Normally in this case we would have very few family members around?
- The stage of your life i.e single, married without kids yet, having very young kids, having teens who demands their private room, retired?
- If you have a job which may require you to travel frequently or which would involve transfer from current location every few years or you are likely to look for careers in other cities in the future?
These factors are crucial in getting a fair idea as to weather to invest in an independent home or an apartment but there are other general pros and cons to both. Since this decision is very subjective and differs from family to family, we have tired to view advantages of both from a broader perspective.
Advantages of an apartment
One of the key advantage of an apartment is security. It is much easier to leave an apartment locked while you are traveling.
One of the key advantage of an apartment is security. It is much easier to leave an apartment locked while you are traveaFacilities such as power and water backup, uninterrupted supply of cooking gas would help you to live a hassle free life.
ling.
Maintenance is taken care of.
Services such as plumber, electrician are available on call (from the society) which definitely makes life easier
More socializing with neighbors/society groups etc.,
Easy to rent or re-sell
Independent house
Ask anyone to describe their dream home and it is always an independent house.
An independent house provides you greater degree of freedom. Your own roof, your own land
Ability to design the house as per your wish. Do up the interiors, garden, elevation as per your whims and fancies.
Future modification whenever required.
Sense of privacy
Spacious living areas and family rooms
Gated communities give you a feeling of owning a private independent home while providing you with all the features of an apartment complex like club house/ swimming pool/ tennis courts etc.,
While gated communities are the preferred choice these days, provided the location is good, there are many who prefer the convenience of an apartment. Whatever your pick, make sure you have thought about the points listed above before signing on the dotted line!
Any more questions or enquiries? Call us on +919677765622 or +919677765644
Elysium Properties
Coimbatore It’s that time of the year to bring out the large hats, sunscreen and your favorite pair of shorts. Summer is here! And it is doing it’s best to scorch us to a crisp. While most of us would head down to the neighborhood club pool, the elite in India are buying vacation homes to escape the summer!
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Despite having one of the highest soaring temperatures in summer, India has witnessed this trend only recently. The A-list is not only buying plush villas and apartments with service support for self-use but also renting it out during winters and months that it is not in use.
While Los Angeles, West Palm Beach or Malibu might be perfect places in the USA to buy summer homes, India is more about hill stations like Nainital, Shimla, Lonavala and Kodaikanal with Goa being an exception.
Easy to rent or re-sell
Vertical Limit:
Beach resorts and hill stations are so passe. One trend that has been making the rounds recently are tree-house getaways! If you don’t want to go all out and buy a home in some exotic location, just book your private tree house in one of these beautiful resorts. Some of the most popular are The Machan, Maharashtra, Vythiri Resort, Lakkidi, Kerala, Rainforest Resort, Athirapally Falls, Kerala, The Himalayan Village, Kasol, Himachal Pradesh