ADVANTAGES OF BUYING A FLAT OVER AN INDEPENDENT HOME

1. ADVANTAGES OF BUYING A FLAT OVER AN INDEPENDENT HOME “Better my own cottage than the palace of another” But isn’t that cottage also a palace, because it’s your own? Buying a house is one of the biggest dreams anyone ever has. And thus, the buying decision has to be very careful. And one common dilemma that people face while making this decision is whether to buy a flat or an independent home. While both the options have pros and cons, buying a flat has the edge over buying an independent home. Don’t worry; we have a list of reasons to make you believe so. 1.Buying Cost When you buy an independent house, you must pay for several legal formalities like stamp duty and get permission and clearances from various authorities. Apart from this, the electricity and water connection costs must also be borne. But in the case of a flat, you have to pay a lump sum amount that includes all these costs. 2.Easy Loans Buying a house without any loan or borrowed amount is nearly impossible for a middle-class person. And the best source to finance the amount is to get a bank loan. A bank loan sanction is easier when buying a flat rather than an independent home.

2. A person has to undergo a lot of scrutinies while getting a loan to buy a separate property. You can check for luxury apartments for sale on various online platforms. 3.Maintenance Cost These days, most luxury flats for sale have this system of paying maintenance charges – you have to pay monthly or annual maintenance charges that include cleanliness, construction and repair, and many other costs. All the flat-owners in the society pay these charges, and thus, the price gets divided. But in the case of an independent house, you have to take care of all the maintenance requirements separately. 4.Safety and Security Buy a flat anywhere in the world; you will benefit from living in a safe gated community. The society will have security guards at the entry and exit points who keep track of all the people entering and exiting the society. Also, there is a provision of CCTV cameras in societies these days. Most of the luxury flats for sale in Hyderabad have proper safety measures. But when you live in an independent house, the safety depends on the locality you live in. It is not always easy to find a place where you have gates and security guards. 5.Facilities A society has gardens, children’s play areas, sports complexes, and even swimming pools. They even have grocery and dairy shops inside the society for the people of the society. Societies have well-planned parking spaces for the flat owners. Fire safety mechanisms and power back-ups are some other facilities you can get if you buy a flat. Luxury flats in Hyderabad for sale have most of these facilities. Needless to say, things like swimming pools and sports complexes are indeed complicated to have near your house, if you buy an independent one. 6.Socializing You can find all kinds of people in a society. People from various fields and backgrounds live harmoniously in society. Socializing and maintaining good interpersonal relations with the neighbours is very easy. On the other hand, living in a locality with independent houses and socializing might not be that normal, as privacy is of utmost preference for the people. 7.Conclusion Living in a flat has many benefits over living in an independent home, and this is the reason why flats have been in high demand among the millennial population, especially in metropolitans. You can look for luxury flats for sale in Gachibowli.