Is buying 1 BHK a good investment?
Good investment option: buying a 1 BHK is a good investment option if the unit is put on for rent. In term of rentals 1 BHK flats are high on demand and therefore 1 BHK units are a desirable option for investors to earn a regular monthly income.
Is 2BHK better than 3BHK?
While a 2BHK would cost about Rs 55 lakh in a decent locality, a 3BHK may be available in Rs 70 lakh or so. Nevertheless, it ensures spacious living by providing for an extra bedroom that can prove to be valuable whenever there is an extra guest or two who need to be accommodated.
Is buying second apartment a good investment?
Buying a flat in the city is a good investment idea that can generate a decent rental yield as the years go by and can serve as a good source of retirement income. Gaurang may still buy the second property as an investment and perhaps sell such a property at a later date.
Do I need 3 BHK?
A 3BHK home is better suited for your future needs. If you have any plans of having a family, a 3BHk home is the better option. Resale – The resale value of 3BHK apartments is a lot higher than that of 2BHK homes. This is a factor that you must consider even if it is one that you may require in the distant future.
Is buying a second home a good investment in India?
Buying a second home in the city or suburban areas is a good investment idea considering it can help generate a decent rental income. Keeping in mind the current scenario, the key source of income is being affected due to the pandemic for many. Real estate offers the prospect of earning a second income.
Is flat good investment in India?
If one is merely looking to invest funds for a few years until ready to make a commitment pertaining to one’s house, a plot in a prime location that will see appreciation in the future would be a good idea. However, if one is looking for regular returns, investing in a flat is the better option.