Investing in real estate needs a lot of thought, effort and research. It’s hard to determine plot or flat which is better investment? To make the decision making process easy for you, I have included some important factors that will help you arrive at the right stand.
- Value Appreciation
When investing in real estate it is important to note what is the appreciation value of the property. Appreciation value is the increase in value of an asset through the time.
Plot:The value of a plot is expected to grow exponentially with time. This is subjected to availability of space, development and infrastructural growth expectations in the neighborhood among many other factors.
Flat:Experts say that the value of flat doesn’t appreciate, rather one has to bear repair and maintenance costs.
- Income and Returns
Another factor that contributes to making a real estate investment is the income and returns expected from it.
Plot:A plot doesn’t give returns until you construct upon it and rent out the property or sell it.
Flat:When you are looking at monthly rental yields, buying a flat is a wise choice. You can simply rent out your flat and fetch monthly rent from tenants from it.
- Effort
When you are planning to invest in real estate, you ought to look at the efforts required in planning and construction.
Plot:It takes a whole load of efforts to build a home. From planning to legal attributes, arranging finances and dealing with authorities, constructing on a plot takes a lot of time and effort.
Flat:When you purchase a flat, everything is looked after by the builder and developer. You just have to patiently wait for the possession.
Investment in plot vs flat is highly dependent on your end goal. So make sure that you consider the above mentioned factors before arriving at a decision.
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Authors Of The Question
Plot or flat which is better investment?
Shelly
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3 Year
2021-03-12T15:12:45+00:00 2021-03-16T11:33:37+00:00Comment
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