Benefits Of Investing In a 1 Bhk Flat

by Priya G. Real Estate Business Expert

Indian real estate market is blessed with a variety of housing concepts that has helped it continually thrive in the competitive market. The housing concepts have also made it easier for the buyers to invest in the most affordable flats in Ghaziabad with a very minimal budget. One of the most popular concepts among these is buying a 1 bhk flat. Due to changing living styles, preferences and family structures, the demand for 1 bhk flats, especially among young buyers, is on a rise.

So, if you are looking for an ideal residential option to invest in, do think about investing in 1 bhk flats in Ghaziabad as they are vested with several benefits.

1. No Useless Expense As 1 bhk flats do not require a huge investment, this is perfect for newly married couples and students who wish to neglect any extra expenses on home and daily needs. It also works in cases where the earning partner is in the initial stages of career or have relocated from another city in search of job. So, there is no unnecessary cost attached to your budget.

2. Low Maintenance Cost One of the most amazing facts about 1bhk flats is that the maintenance cost for such flats is considerably lower than 2 or 3bhk flats. To be very frank, the maintenance cost is almost negligible as it consists of small spaces. In addition to this, one must also note that the utility tax levied on 1bhk flats is very minimal in amount.

3. Friendly To Your Pocket It is quite obvious that if you invest in small flats, the cost of owning the same would be much feasible with your budgetary constraints. Even if you purchase the home on loan, you will have to pay smaller monthly installments and down payments.

4. Rentable Purchasing a 1bhk flat is also fruitful from a sole investment perspective, specifically in locations, like Ghaziabad, Noida and Delhi. This is because people from different corners of the country temporarily relocate to Delhi NCR, in search of an education or job opportunity. Hence, you can rent your property and earn a huge rental income.

5. Demand-Supply Economy Since the supply is greater than the demand for these flats, you have the opportunity to buy them at a very negotiated price. People living in full-fledged families do not prefer 1bhk for obvious reasons. Hence, you can leverage this less demand.

So, if you have a nuclear family, are a young professional or a group of students, do watch out pocket friendly 1 bhk flats and maximize the small space with some useful flats decoration tips.