Buying a house is a dream and with easy convenience of home loans, youngsters are buying dream house. We are discussing more options that why you must go for 2 BHK.

Let’s get in the following reasons why majority of people prefer to invest in 2 BHK flat other than 1 BHK.

2 BHK Flats are easy to get

If you are looking for any multi-story community apartments, there are mostly 2 BHK apartments in it. The time spend in looking is comparatively lesser as compared to 1 BHK apartment. Once you are certain with the location and budget, then look for 2 BHK for sale, you will definitely get many 2 BHK options.

Reliable future

It is true if you are a bachelor or even a newlywed couple then a 2BHK flat is fine for you. Although, extra room is good security for the future kids as till then you can utilize it for other purposes.

More resale value

The demand is quite high, also the resale value is greater as compared to the money invested. The percentage of profit depends on the demand and location of the area and getting a profit is also for sure.

Affordable

The key reason for going to buy 2 bhk flat is less cost but trust us that cost
spend is more useful than the future regrets. There are various builders who are constructing affordable houses for clients to attract them. You can buy these flats or select from an outskirt location where flats are cheaper.

Rent

Even if you do not want to sell your property you can just keep it in rent to get extra income. The opportunity of finding a tenant for a 2 BHK is easy. And the return on investment is also very high.

Space

You can use extra space by using other rooms such as home office, study room, guest room etc.

Maintenance

The size for 2 bhk flats in Bhiwadi and services offered define the house maintenance cost. So, 2 BHK flat provide adequate space for living.

Documentation

The documentation for 2 BHK flat is same as 1 BHK. So, you will not find it difficult even if you change the mind. Hence, you can look for 2 bhk flat

Investing in residential flats is the most important decision and is a dream that you have been nurturing. You need to keep some points in mind before you take a leap and make a choice. Buying a house also involve taking loan followed by monthly instalments. Certain key factors to be considered while buying property are possession date and price. They are discussed as below

Property Price

The first step in choosing a flat is to fix the budget. It is quite easier to select a house if you are willing to spend. Compare the price of the property with other top builders to get an idea if he has offered a genuine quote.

Land Record

The land on which the flat is built is very important. You must know about the topography of the land and soil quality on which the house is built. The plot must be clear of all dues and must be registered. Before making a final deal, the title deed should be verified and checked.

Legal Check

Make sure the property is authorized legally and to be constructed on the plot. The developer must have NOCs and approvals from water supply and sewage boards, area development authorities, electricity boards, and Municipal Corporation. If you are taking a home loan, the bank will legalise the property documents before loan sanction.

Apartment Possession

It has become a fashion of delayed possessions of flats due to delay in residential and commercial plans. As a buyer, you must have a clear evaluation of the timeline for possession.

Financing Banks

You should be aware of banks that are willing to finance certain ready to
move property. Due to bad reputation, some banks do not provide loans to some builders. So, it is essential to check with banks that are interested to fund your project.

Builder-Buyer Agreement

When you choose a house or flat of your choice, you can book affordable homes by giving token amount, in return they will give you an allotment letter. A tripartite contract is entered between the buyer, builder and the bank for the rest of the amount. This agreement must be understood and read in detail before signing. All the clauses should be clearly understood and in case of any doubts, must be raised at this point itself.

Location of the Flat

It is quite important to look in the area where you are going to buy your home. The physical infrastructure, amenities and reach to all the basic places are essential to be analysed. These factors help to have a peaceful living in the house. The flat must be in a secure place, providing safety to families living in the flat.

Hidden and Additional Charges

Make sure that all the clauses of the documents are read and penalty clauses be understood. The builder is needed to pay a monthly penalty if you don’t receive flat’s possession within the grace period. The additional costs like GST, registration charges, stamp duty, home loan processing fee, and other charges must be kept in mind.

There is no shortage in the residential market in India in the ready-to-move and under-construction flats in spite of fluctuating rates of the real estate property every year. In the last few years, the prices are below or stagnant due to which home buyers are still confused to buy new apartments. One of the reasons is due to delay in current project that creates a lack of confidence in buyers minds. This also affects the decision of investors who consider it as a loss.

This is the reason why home buyers are selecting ready to move property that is less risky. These residential flats carry a good resale value and offer less risk as compared to under-construction properties.

Why ready to move flats is the best choice

The space, view from the apartment, size of the rooms and quality of construction, available fixtures and amenities can be eliminated when buying a ready-to-move apartment. It is also essential to ponder the value of the project. A ready-to-move-in apartment enables one to closely evaluate the quality of finish and structure.

The key benefit of purchasing a ready to move flat is that buyers are aware and understand that what they are purchasing while scrutinizing the apartment. The decision of buying a ready-to-move flat is not only based on what is there in a sample flat or in mere layouts.

Only EMI and no down payment

The best thing about ready home, you have to pay only EMIs on home loan that would include no other costs. In the case of under-construction property, EMI starts after completion of the construction. But if there is any delay in the project, then EMI starts once the home loan gets disbursed. In these cases, the buyer can cancel the property due to financial strain and interest rates.

Save on Rentals

This is the main benefit for the homeowner to earn by investing ready-to-
move homes. If don’t move soon and would wait for more years, then you can earn by renting the home. The house rents are fixed as per the location and amenities. Many owners end up renting a home if invested in other cities.  This helps to repay EMI for loans taken for the house.

No waiting period

The key advantage of ready to move flats is that there is no waiting period. As the project is already completed, you have to complete the procedures of
purchasing a house.

You get what you see

Since ready to move is in ready possession, there are no changes as seen in the booklet. The design of under construction project may change after completion. In case of ready to move flats, you get feedback from the residents.

If you’re planning for ready-to move property, analyse your financial condition, documents required and about the developers. If the developer is a reputed one, then banks will approach you to get a loan.