People these days do think a lot before investing in a property. Buying a space for self- occupation or even for investment purposes is one of the most crucial decisions that a person needs to take in their lifetime. But yes, all thanks to the real estate industries, they have been coming up with a lot of housing options these days like a bungalow, an apartment, penthouse, a studio and many other variations.
But is investing in a 1 BHK apartment is a good idea at all? Investing in a 1 BHK in Thane West can be beneficial in quite a few ways to most of the investors actually. Here are the ways in which an investment in a 1 BHK flat will get back with better returns:
If one is an outsider:
These days, with more and more industrial and corporate sectors coming up in most of the cities, people are leaving their hometown and settling down in other cities in order to have a better job and a better career. In these cases, they will definitely need an accommodation which is not only convenient but affordable. If one goes for a 1 BHK apartment, then it will cater to such needs of the consumer because they can afford it easily and also can rent it or even re sale it when they want to shift to a bigger apartment.
If one is a student:
As it has been mentioned earlier, these 1 BHKs are affordable and so it can also be easy for the students to move from one city to another and to rent them or even buy them. These spaces can be a decent shelter which they do not need to share with anyone and so there is no disturbance to the study time.
If one is newly married just at the initial stages of the career:
These flats are easy to acquire and they can be quite affordable to people who still do not have a deep pocket to afford something bigger or better. It can serve as a decent shelter as it comes at an economical price.
Can save up monetarily:
Investing in one single room apartment can cost a person much lesser as compared to other apartments and one does not need to pay a large amount as a loan or interest and that too for a long run. Once the loan has been repaid the investor can always save the money for other investments.
Lower property tax and utility costs:
Unlike the other apartments or home, if one has a single room apartment then it can cause much less trouble as one will not have to shell out a large amount for utility costs, maintenance, property tax and the upkeep that are required for the apartment.
One can also look for a 2 BHK in Thane if they have a family of 3 to 4 people because they are the best choice for a nuclear family these days. One should check the location and amenities before buying them.