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Which is the best investment option between a plot of land or an apartment? This is a common dilemma most property purchasers or home seekers are faced with. In order to find the best solution which works the most in your interest, you must first make a list of factors that will help you reap rich benefits on your money well spent. In the end, having some kind of security is what matters.
Questions to ask yourself
Before you decide to purchase either a plot of land or an apartment, first draw up a list of queries you would ask a typical property seeker.
- What is your budget?
- Do you plan to take a housing loan?
- Do you plan to live in the home or is it purely for investment?
- If you’re planning to buy a plot, how can you reap returns on your investment?
- Do you plan to construct a house on it or sell it in the future?
- If you’re planning to buy an apartment, is it for own use or will you rent it out?
- Do you plan to buy one more apartment from what you earn from the rental income of your first apartment?
The answers to these questions could give you more clarity on how whether a plot or an apartment is your best bet.
Budget it best
This is the all-important part of property purchase. You need to go through your savings, investments and expenses to see what you can afford. If you are young and employed, an apartment – especially a spacious luxury one in these times – is your ticket to happy living. If you plan to take a housing loan, you could take a joint one with your spouse and parents to share the EMI payment.
If your budget is very low, and you cannot afford an apartment, then in these uncertain times it’s better to opt for a plot of land. You can still get a 1000 sft piece of land in a decent gated plotted layout on the city’s outskirts for around Rs 12 lakh.
Whatever your choice, remember to factor in the down payment if you’re taking a housing loan.
Don’t lose the plot
It sure is a pun but there’s nothing funny about buying land that you could lose out to someone else! We say this because there are many fly-by-night property dealers who sell the same plot of land to several buyers. So, be cautious and buy land from a reputed developer, and preferably, in a secure gated layout to avoid any encroachments. It would be wise to speak with other buyers to find out the credibility of the developer. Since most of these plotted layouts are located on the city’s outskirts and may not come under the BBMP limits, you would be advised to check the genuine owners of the entire land or ask for an encumbrance certificate from the developer.
The price of land will always appreciate. However, this works only if you have the appetite to stay invested for more than 5-10 years and sell your piece of land when the rates go up. However, it all depends on the premium location of your plot and the upcoming infrastructure developments in the area.
If you plan to construct a house, you have the freedom to make it a low-budget one or go over the top on a luxury villa.
Apartment in the sky
If you are one of those who just cannot wait to make a dream home and live a safe and secure life as soon as possible, a ready-to-move-in apartment is your wisest choice. Because in these cataclysmic times we live in, all you need is a loving family and a beautiful home with all the amenities to live in comfort and health.
Leading developers like HM Constructions https://www.hmconstructions.com/ have enchanting homes to suit your lifestyle. All of the luxury homes are delightful living spaces within elegantly landscaped and secure environs to give you and your family a lifetime of luxury living. All apartments are expertly designed to give a healthy balance of ventilation, oxyrich greenery, and natural sunlight. What’s more alluring is that each apartment complex towers above the skyline in a premium neighbourhood in Bengaluru. With HM Constructions you can choose the most convenient finance plan too such as the exclusive dream scheme on HM Indigo
Because each apartment from HM Constructions is designed for royalty and along international standards, you will stand to reap rich rewards if you seek to either rent it out or sell it in future.
What’s more, you also stand to save on tax on the EMI if you purchase an apartment on a housing loan.
Unique scheme
Each home from HM Constructions http://www.hmconstructions.com is built in a way to offer maximum space and comfortably accommodate a family of four.
Our unique scheme lets you book any of our spacious units of your choice at a token amount of Rs.10,000 only. Since the units are ready-to-move, you can finish up the formalities and move into an apartment of your own in just 10 days. What’s more, once you move in, you can let HM take the burden of your EMIs! The EMI Holiday Facility lets you postpone your EMIs by 10 months so that you may enjoy your stay at HM Indigo for nearly a year before you start paying the EMIs.
So, stop worrying about your monthly rental and book an HM Indigo http://www.hmconstructions.com/projects/details/hm-indigo apartment today.
Call us on 8880225555 and we will help you find a home that suits your lifestyle, falls within your budget and is close to all that you would need throughout the year!
As you stand on the threshold of purchasing property – land or an apartment – whatever your choice should be in your family’s and your own interest.
Happy home-buying!