‘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 Sarjapurroad 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.