In the location, irrespective of the country the two available options for accommodation are independent house or a flat. Are you having a hard time making this decision? You are not alone as there are professionals who struggle too. There are many factors to consider while choosing a perfect location. Both options have their pros and cons, therefore one needs to be careful while choosing the best option for them.
1. What is a Flat?
In simple terms, a flat, also known as an apartment is a self- contained unit enclosed by other units within a bigger structure. Usually, families and individuals own flats while areas such as corridors, elevators, and other facilities are administered by the building’s management. There are various reasons why homeowners prefer them;
- It is less costly to maintain and the purchase price is also reasonable
- Amenities provide several facilities ( gymnasium, swimming pool, community hall etc)
- Suitable Connection with Public Areas which is surrounded by shops and other transport facilities
- Advanced Safety Features including CCTV surveillance and secured entrance gates
2. What is an Independent House?
An independent house, also referred to as a self – contained house, is a residential property that consists of a sole dwelling unit within its own land. These are the kind of houses people dream of, as they offer more privacy, space, and freedom within the four walls.
Advantages of Living in an Independent House:
- Enjoys Great Freedom and Space
- Having Gardens or Yards as external accommodation
- Has Greater Appreciation Possibilities
- Freedom to Change Interior Design as desired
- Does Not Share Walls with any other family
3. What are the main differences between a flat and a house?
Knowing the distinctions between flats and houses enables you to make better choices:
- Property Type: Residential houses are stand alone, whereas residential flats are grouped in small multi-unit buildings or large apartment buildings
- Size/Space: Residential houses constitute more space as compared to residential flats.
- Cost of Repairs: Owners of the flat pay for common repairs while flat owners maintain their unit separately.
- Geographic Distribution/Site: Houses are mostly found in the suburbs while residential flats are found in cities.
4. Important Things to Bear in Mind When Deciding Between Flat or House
Price and Cost
- Cost of Buying: Cost of residential houses is more than that of residential flats.
- Cost of Upkeep: Due to their sheer size, residential houses have more upkeep which jacks up their cost.
- Cost of Electricity, Gas etc.: More in residential houses because there is more to heat up/cool down.
- Rates of Tax on Property: Higher on residential houses.
Space and Design
- Size in Square Feet: More area in the case of residential houses.
- No. of Rooms like Bedrooms and Toilets: More the no. of bedrooms in a family house more the no. of occupants.
- Yard or Garden: More often than not, these houses have yards or gardens attached to them.
- Storage Space: More of it in the case of houses.
Community and Lifestyle
- Type of Property: A flat is likely to be in a metropolitan center and the house is likely to be in a more rural or suburban area.
- Common Services: A flat may be provided with shared services such as a gym or a swimming pool.
- Access to Public Transport: These units are usually located nearer to the public transport.
- Access to Schools and Shops: The existence of schools, stores and medical facilities nearby is of great importance.
Investment Potential
Substantial returns can be realized from both forms of residential properties, that is flats as well as detached homes. It is not uncommon for the depreciation of housing units to be lower than that of flats which may be sold off in the dooms day. You could also expect to find flats in areas of high traffic. Understanding the market may give you direction: if the region you target is known for its high-rise buildings, then a flat would be perfect. If the area is known for having more independent houses, then a house would be worth your investment.
5. Location: For a House or a Apartment – What’s Best?
While I am sure flats would always spark interest among potential residents, an independent house would have some allure too. There are always arguments regarding pros and cons of living in a flat vs a house.
There Are Some Distinct Advantages of Choosing a Flat.
- Relatively Low Selling Price as compared to independent houses.
- Economy in Maintenance Costs because of shared expenses.
- Has Facilities such as gyms, swimming pools, and parks.
- Well Knitted Facilities with Lines of Transport urban areas tend to have these.
- Security like CCTV and gated walls increase security.
What about the Limitations of Residing in a Flat.
- Outdoors & Indoors Space is restricted.
- Flying Issues between Neighbors as people create noise with walls separating them.
- Few Choices regarding Personalization high chances of being board as flats are not customizable.
- Bound with Similar Prayers and Blessings cut the peace of mind, being constrain by shared walls.
It is hard to ignore the Perks of Residing in an Independent House.
- Desired Independence arguably is one of the primal motives for moving in a live space
- Grouped with Appropriate Lateral Space includes responsibility and shape of a flat, terrace, backyards, gardens and much more.
- Ease of Modification to alter the sense of living, free up your creative side.
- Cut the Noise no more partition wall will ensure more peaceful private time.
Majority often has the perception that…
- Independent Houses Entail more Responsibility and Cost, higher purchase price being one along with increased maintenance cost.
- Larger the living area bigger the utility and the social costs, true residing in centers cuts the potential isolation but comes with costs.
- More area also means more isolation meanwhile more area also leads to feeling of poverty.
Final Words..
The choice of residing in an apartment or in a house is determined by one’s lifestyle as well as one’s core individual needs.
As you weigh your options please consider cost, space, lifestyle, and potential. If you have settled that a flat best meets your needs, get to know Dream Location flats to meet your perfect home in a perfect place.
In the end it is not just a flat or a house deciding factor, it is more about a life beyond those four walls which help in building dreams, relations, and life goals. Go with what feels home at the end of the day.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.