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Live in style! In Apartment or an independent house? by TGC Prasad





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Live in style! In Apartment or an independent house? by
Article Posted: 11/02/2012
Article Views: 160
Articles Written: 33
Word Count: 901
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Live in style! In Apartment or an independent house?


 
Real Estate,Investment,Home Business
‘Apartment or an independent house’ is an incessant debate. There are convincing arguments to bolster the claims on both the sides. If you have taken the decision of buying a home, then it is certain that you would stumble over a few questions like – ‘Apartment or an individual house?’ and ‘The pleasures of having a house on one’s own land or the comfort of a solid apartment?’ Though individuals prefer one over the other for several reasons, at the end, it is a matter of experience and preference. Further, individual status and requirements are also the key factors in influencing the decision.

To a certain extent, the growth and prosperity of an economy will be reflected in its physical appearance. In the last few decades, India has witnessed massive construction activities. New buildings and townships have evolved and the housing sector, chiefly in the apartment division has advanced. It is no furtive that monetary factors and a fast lifestyle have knocked out the deal for independent houses in India. Land rates have zoomed and have made land acquisition and construction of a house almost unfeasible. With the cost of an independent house escalating, not many buyers are going for one at present.

Nevertheless, given a preference, most people in India, will still fancy to construct their own independent house for a few reasons. Frankly, individual houses are elegant and convey prestige to the owner. The most remarkable feature of a house is that it offers more space and privacy. An independent house can be built explicitly as per the owner’s requirements and with his/her choice of building materials. The floor, the woodwork and the kitchen can all be designed based on the owner’s taste. A house is the perfect space for those folks who prefer solitude and do not welcome mediation of others. An independent house gives them the feeling of freedom as they need not have to share general areas. A house is by and large owned, but it can also be rented. The owner of the house can get additional income from renting out a part of his property. Owning a pet can be a decision factor too. Pet lovers may prefer an independent house as it provides adequate place for them. However, a house is known to sport a high price tag and the charges for other amenities are also far above the ground. The convenience costs will be huge and so would be the maintenance charges. If the lawn needs to be trimmed, pipes have to be cleaned, etc., it is the owner who must have to bear the expenses and get it done.

Most of the young working couples are buying apartments for various reasons. Buying an apartment comes with a lot less sense of risk. The inflated land prices and the registration problems are considered as the major complications by most of the young working populace. Thereby, people find it easier to buy an apartment from a renowned builder as the land registration pains are already taken care of. An apartment is the perfect accommodation for those who love to stay among people. In addition, apartments do have some in-house amenities like gym, swimming pool, health clubs, super markets, etc. Children have access to a secure play area. Also, there is a sense of security in an apartment compound. The most significant attribute of an apartment is that the owner is not answerable for fixing anything beyond his apartment space. The management of the apartment or community shall take care of the repairs and maintenance. Moreover, the management will look after belongings like power, water, utilities etc, leaving the apartment owner free from worries on that cause. On the other hand, apartments provide a small area liberty. A person in an apartment has the absolute right to use the area falling under his floor space, but the common area has to be used in accordance to the rules of the building. Apartments are not known to present the height of privacy as the independent houses, because there are several apartments in a structure engaged by different individuals.

One of the leading real estate developers in India, Saran Developers is involved with the construction of apartment complexes in Bangalore. Saran Developer’s prestigious projects are located in the best localities like Sarjapur road and in North Bangalore. Mulberry Woods is an exclusive enclave put forward by Saran Developers and is located off Sarjapur Road which forms a very destined place to live or set a business in Bangalore City. The project is cut away from city’s humdrum and yet all your destinations are just a hop skip and jump away. With the most stylish living space, excellent specifications and top-notch amenities rendered, Mulberry Woods is undoubtedly one of the best solutions for anybody who is about to start off with a new living.

To conclude, the factors like the cost of land, interest rates, tax laws, changes in the rental market, construction and maintenance costs would impact one’s closing calculation. Along with economic factors, the joys of home ownership like clipping your own lawn in an independent house and the internal luxuries like swimming pool in an apartment play a vital role in making the decision. The apartment or independent house discussion sparks off an excited argument at the end of which, one has to finish off that both have their own pros and cons.

Related Articles - Apartment living, Saran Developers, Mulberry Woods, 4 BHK apartments in Bangalore, home buying, apartment buying,

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