Before looking for any property for sale, the first thing to consider is its location. Whether it is a bungalow project in Maharashtra, an independent house for sale in Dapoli, or an apartment for sale in any other area of Maharashtra, the location must be given priority. After location, another important thing to consider is the property type. It may be apartments or independent houses for sale, depending upon your requirement and financial status.
Investing in property is not a cup of tea for everyone. You need your complete bank balance to get the best one for your family. Hence, before making any decision it is very important to research what you want. Mostly, people get confused between looking for apartments or independent houses for sale to their families. In this article, we will make you understand the main difference between both of them so that it becomes easier for you to select the most appropriate one for your family.
- Apartments are clusters of rooms with all the luxurious amenities. They are the upgraded version of flats where you will get everything above basic amenities. In apartments, you will get a huge parking area, kid’s zone, power back-up, 24×7 water supply, fire safety, swimming pool, gym section, and much more than you expect.
In an independent house, all the amenities are optional. You can have all these amenities in your house if you have a good budget and you need them.
As in independent houses, managing and maintaining everything becomes your responsibility, apartments are maintained by RWA – the Residents’ Welfare Association.
- If the apartment project is not involved in any kind of black money, it becomes easier to get a loan from any reputed bank. The lending banks mostly contain a list of sanctioned projects and if your project is also included in it, it becomes much easy to get the loan without any hassle.
Loans get sanctioned for independent houses as well, but the bank people follow a strict procedure for checking all the necessary documents of the borrower. The value of the independent house depends on many things, due to which the loan amount also varies.
- If you want to construct an independent house as per your requirement, you have to buy a plot for the construction. Now, the bank of India only provides 60-70% of the value of the plot which is the amount of construction. For further processing of stamp duty and duty and registration, you need to pay extra.
- Now, looking at the brighter side for independent houses, they can be built according to your preferences. You can do any kind of changes even after the completion of complete construction. You become the whole sole owner of the complete property including the land. But this is not the case with apartments.
In the case of apartments, you will be the owner of your apartment but other than that all the amenities will be shared by other people in the society. It becomes mandatory to pay the maintenance cost of the amenities whether you are using them or not.
So, whether you are looking for independent houses for sale or apartments, choose wisely.