Buying a land or an apartment? Which is feasible? An unfinished debate over the years still continues.
Though the concept of an apartment is quite prevalent in the modern society yet there are people who prefer to buy a plot and build their individual home. It gives more freedom and comfort than staying at a multi-storied apartment along with fifty unknown families.
Modern families are mostly nuclear in structure. For them, a 2BHK apartment is suitable for a living. Any modern city in India like Mysore has a huge demand for luxurious apartments. But there are people who prefer to buy plots and make their own customized habitat. The news of plots for sales in Mysore is now making a huge pandemonium in the city.
In the outskirts, there are huge acres of land available for the people to buy at an affordable rate. It is quite inevitable that migration is taking place at an enormous rate in few of the cities in South India like Bangalore, Mysore, Vishakhapatnam etc. This has led to the development in real estate industries out there.
What is better? Buying an apartment or staying at your own house? This debate is ongoing in many platforms yet the demand for both remains the same.
Better resale value– A land always has a bigger resale value than an apartment. When people buy an asset they also consider the business side of it. Going only by choice is not really a fair idea. In comparison to the current value of land in Mysore, the price may increase at an exorbitant rate in the future. It is therefore always a feasible idea to invest in land than in a luxurious apartment.
Freedom of living– Living at an apartment restricts your freedom in many ways. There are several guidelines that one has to follow while staying at an apartment. But on the contrary, staying at your own house gives you the ultimate freedom. Every apartment has a community which consists of people from different backgrounds and they impose various rules which are sometimes hard to follow.
Maintenance cost- Though people say that the maintenance cost of staying at your own house is much higher than an apartment but things are not like that. All the apartments have a particular maintenance charge which has to be paid on a monthly or quarterly basis and the cost is quite huge. Even staying at your own house needs certain maintenance cost but it is not a compulsion. A small single storied house hardly needs a huge maintenance.
Well, there are more such reasons but the above three points are the vital one in this discussion. People especially consider these factors before buying a property. Plots for sales in Mysore are now available and people have already started booking. If you are still not sure about your investment then talk to an expert and settle down fast.