Buying a property for the purpose of investment is one of the best financial decisions a person can make in a lifetime. Russell Sage once said, ‘Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.’ Besides, the opportunities for real estate investment are now more than ever. From a 1 bhk flat in Malad East to big bungalows, there are lots of lucrative options in between.
However, if you are investing for the first time, it’s better to start small. Perhaps, a lot of us are not aware of the various advantages of buying a 1 BHK apartment in contemporary times. It is something that the following points will shed some light on to help first-time investors make the best financial decisions.
Are you an outsider?
With corporate and industrial sectors encroaching every city, many are moving to a new metropolis to find a job and settle down. In which case, everyone looks for a shelter that satisfies their needs of amenities and convenience. A 1 BHK apartment is one of the most financially convenient homes that a person can move into as a first step before moving out to bigger properties and renting the former one. Hence, it is not only convenient in terms of budget, but also easy to rent or sell when not needed.
Lower property tax and utility costs
Another great advantage of 1 BHK apartments is they do not put a burden on a heft property tax, something which is common in bungalows and big apartments. On the other hand, it saves a lot of money on electricity and maintenance bills due to the small size of the apartment. So, if you’re buying 1 BHK flats in Malad East, you will neither have to worry about huge property tax nor high utility bills.
Serves as a great source of rent income
You may be buying a 1 BHK temporarily, but it may serve as a great source of income when you will rent it out for good money. Also, prices of real estate only appreciate over time, which means you will be able to secure a good source of income by investing in an apartment now. Especially apartments in places like Malad East will make it easier to recover your investment in a short time.
Enjoy the facilities of a residential complex
Besides the other advantages of buying a 1 bhk apartment, you also enjoy the facilities of staying in a residential complex. First of all, a residential complex is a safe place to stay as there are security checkpoints and equipment at the entrance of the complex as well as on the entry points of every individual building. Additionally, these residential complexes come with facilities like a gym, community halls, playing ground, jogging tracks, parks, lounges, pools, and many more. One can enjoy a convenient life even at a minimum investment. For instance, residential projects like Aarambh Malad are the epitome of quality urban living where convenience meets luxury and excellence.
To sum it up, if the above-mentioned benefits seem like 1 BHK is the ideal investment option for you, don’t hesitate because this decision will financially support you in the years to come.
