I am planning to buy a one-bedroom flat with a kitchen, a hall and a bedroom since I'm single. As my friend owns a one-bedroom flat, I asked him are 1 bedroom apartments good investments. He said yes, one-bedroom apartments are a wise investment in India due to their low cost, high rental yield, security, and other factors.
Is Buying 1 BHK Flat Worth It?
Purchasing a one-bedroom flat can make sense based on your long-term goals, budget, and unique demands. My friend gave me the following reasons why investing in one-bedroom apartments can be wise:
- Perfect for Individuals -
It is perfect for single people, students, newly married couples, or working professionals who lead busy lives and want less maintenance. They are therefore a well-liked option for tenants, guaranteeing investors a consistent flow of revenue.
- Affordable -
One-bedroom apartments are typically less expensive due to their lower loan amounts, bills, utility prices, property taxes, and maintenance fees. They are therefore a viable choice for investors or those on a tight budget.
- High Rental Yield -
As one-bedroom apartments can have greater rental yields, investors may experience a quicker return on their investment due to its lower price.
- Secure -
1 BHK apartments provide you with a sense of more security since they are small.
- Easy to Sell -
One important point my friend mentioned is that owning a one-bedroom flat makes it easier to sell due to high demand in cities like Bangalore and Mumbai.
So, after hearing his reason, I decided to invest in 1BHK flat. I hope this helps you get an idea of are 1 bed flats a good investment.
Invest in the Best 1 BHK Property Without Any Brokerage via NoBroker Buyer Plan. Read more -Is buying a flat/apartment a good investment option in Bangalore?
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Before investing in a one bedroom apartment myself, I also had been pondering over the question “are 1 bedroom apartments a good investment?” But you should know that one-bedroom apartment investments have proven popular among buyers.
Apartment construction has suddenly increased in recent years, indicating demand from both buyers and sellers. People consider one-bedroom apartments to be among the most affordable and wisest investments since the culture surrounding them is more appealing. This is a desirable option for landlords, tenants, and real estate investors in addition to renters. Such single bedrooms became the most popular option due to their convenience. So, are 1 bed flats a good investment? Yes, they are. When investing in one-bedroom apartments, you could experience a lot of benefits.
Invest in 1 BHK flats and apartments via NoBroker without any brokerage here. If you are planning on buying a 1 bedroom flat, check out NoBroker’s buyers plan for end-to-end assistance.Are one bedroom apartments a good investment?
One-bedroom apartments with excellent design and location can make excellent investments. It is frequently a good idea to invest in such apartments that are even closer to public transportation, employment centres, schools, and downtown. These flats are sought after by tenants willing to give up the room. Decide carefully to keep your one-bedroom apartment in demand. Is a one bedroom apartment a good investment? Read below.
Rental yields
Another desirable quality of these units is their high rental yield. Even college students who dislike staying in hotels or other paid accommodations pick single-bedroom apartments for hassle-free stays. The location is more handy, secure, and comfortable than a huge house for young professionals, single people, newlywed couples, and even elderly people. Generally speaking, millennials choose to rent a cheap place to live and then sell it when they relocate for jobs.
Fiscal aspects
One benefit of one-bedroom apartments is their affordability. These are inexpensive investments for a financier with limited resources. Low stamp duty is received from the buyers based on the price. It is a fantastic idea to invest here because such affordable housing units are thought to have high capital growth over time. The fact that buying a one-bedroom apartment makes it easier to sell it later due to the rising demand is noteworthy. If you decide to sell, you can quickly and simply find a buyer.
Is a one bedroom flat a good investment?
A one-bedroom apartment can be a decent investment choice for an inexperienced or conservative investor leery of investing money in mutual or equity funds. Real estate is viewed as a secure investment by the majority of Indians. With a house loan EMI, purchasing a one-bedroom home is also doable. Even if you relocate, your apartment ensures a steady stream of rental revenue. As an alternative, you will have a large number of purchasers for your house, and you might use that money as cash to move forward with your next idea.
So, are 1 bedroom apartments a good investment? Yes, it is clear from the aforementioned statistics that the demand for one-bedroom apartments is rising. The demand for self-contained flats is growing as a result of the steady increase in real estate costs throughout India and a shortage of available space.
Read More: How Much Square Feet Required for 1 BHK? How to Convert 1RK to 1BHK?Shifting, House?
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Are 1 Bedroom Apartments a Good Investment?
Trisha
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2023-02-08T11:03:30+00:00 2024-04-18T12:28:52+00:00Comment
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