Is it better to buy an apartment or independent house in Bangalore?

As a modern-day homeowner, my priorities are time management and a hassle-free lifestyle. If you ask me, which is better flat or independent house, I’d prefer buying an apartment than buying an independent house. The security and amenities that a flat offers are two of the most important factors to consider.

Independent House or Flat Which is Better?

As I already stated in this debate, which is better independent house or flat, I choose flat over independent house. So let me share my thoughts to validate my preference;

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• Buying cost:

Since purchasing an independent home is far more expensive than purchasing an apartment, the requirements for a home loan will also rise accordingly. When purchasing an apartment, the buyer only needs to pay the required sum and move in after the project's completion. The builder handles all technical formalities.

• Amenities:

In independent property requires additional work to set up these services, whereas apartment buildings already have extra features like security, ample parking, power backup, water systems, and fire safety mechanisms. 

• Home Loan:

Banks only approve loans for independent properties after carefully reviewing applicants, which takes time and increases the risk of losing out on the ideal property. Apartment loans are widely accessible because builders have ties to multiple banks to streamline the application process.

• Maintenance:

Due to pooled resources, apartment communities have a dedicated in-house maintenance team that takes care of everything and is available around the clock at a reasonable cost. In contrast, owning a property requires financial resources and constant efforts for maintenance, cleanliness, construction, and repair.

• Appreciation value:

Independent homes or villas do not appreciate in value as much as apartments do. This is primarily because there is less demand than there is for apartments and a large initial capital requirement. Selling an independent home is challenging for the same reason. In contrast, apartments are easy to sell or rent out and are always in demand.

• Reliability:

When buying a standalone home, a novice buyer may become a victim of title fraud and other schemes. When purchasing an apartment, buyers can verify information with current tenants as well as the builder's track record and reputation for completing projects of a high calibre.

So I believe whether independent house or flat which is better, I’d say that those who want more free time without having to worry about maintenance are best suited for apartments.

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My husband and I wanted to have a new house of our own but the conflict was which is better- buying apartment or independent house. Both have their sets of pros and cons, so making a decision was tough. However, I won, i.e., we opted for an apartment. We sat down together and wrote a list of independent house vs apartment differences and then chose the latter. Let me share what aspects we looked at before taking this decision.

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Is it better to buy apartment or house?

Here are some of the differences between an independent house and an apartment-

 

Apartments	Independent House
Apartments require less maintenance and there are already people (maintenance staff) to look at things like- mowing the garden, watering plants, keeping areas clean and more	In independent houses, you will have to do all the chores from mowing to watering the garden, cleaning lawn area and more
You will get a variety of amenities in apartments	In independent houses, you will not get any such amenities until you construct them.
Apartments have 24-hour security.	You will get 24*7 security in independent houses only if you install CCTV cameras and recruit security guards.
Loans are easily available for apartments	Availing loans for independent houses can get difficult at times.
Social life is way better in apartments as several families live in a building and get acquainted with one another easily	Getting acquainted while living in independent houses is tougher than living in apartments.

 

So if you ask me which is better- apartment vs independent house in Bangalore, I shall recommend the former. Living in apartments is better than living in independent houses.

Now you decide which is better- an independent house vs apartment. 

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Apartments and independent homes have their own pros and cons. If you ask me, it is much easier and a little more affordable to find apartments as compared to finding independent houses in Bangalore. Most people who are selling independent homes prefer to sell to developers as they get more money and benefits from builders. Builders offer them money and apartments in the new project, hence it is a win-win for sellers. If you do manage to find an independent house, then you need to check the documents carefully, there are more things you need to worry about things like electricity, sewage, water etc. are all done for your house and they all need different permissions/paperwork. Even things like security, maintenance are all your duty, no one will take care of it for you. But you do get more privacy, you own the land and the house and can make as many changes as you wish. If you sell it, you can get a lot more than if you sell an apartment. For apartments, the builder gets all connections done for all houses, so you don’t have that to worry about. Security is also taken care of by the building society, so are things like waste management, rainwater harvesting, water etc. so, life becomes more convenient. In the end, it is your call, if you prefer privacy over convenience and also your budget.