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2023-09-15
Home Buying Guide

Why 2 BHK Apartments Are Ideal For Investment?

Investing in real estate is lucrative and foolproof even today. Depending on the capacity of investment, one can choose to invest in residential or commercial properties. Commercial property is usually more expensive than residential property. Residential property is also safer compared to commercial property as residential property is easier to rent out or sell when required. It is known that apartments come in different configurations. Starting from a single room and kitchen to multiple bedrooms with kitchen, one can choose the size of the apartment they wish to invest in. The apartments are designated as BHKs which is an abbreviation for bedroom, hall, and kitchen. The number of bedrooms is mentioned in the beginning. That is why we see the usage of terms like 1 BHK and 2 BHK which means that the apartment is a one-bedroom, hall, kitchen etc. Amongst the many configurations, the 2 BHK is the most popular one due to many reasons.

Let us understand why.

Popularity

A 2 BHK apartment is very popular amongst end-users as it strikes a perfect balance between size and affordability. It caters to the needs of many different types of users like nuclear families, joint families, single users, and couples. It is not too small nor is it too large and it easily accommodates the different types of family units. Two bedrooms are ideal in most situations with minor adjustments.

Strong rental demand

In most urban areas there is a high demand for rental properties. A 2 BHK meets the accommodation criteria for most kinds of families especially nuclear families and single people who want to share apartments. It gives enough space as well as saves costs compared to large-sized apartments. This is the reason tenants prefer 2 BHKs. Investing in 2 BHK apartments in Dahisar for example is a lucrative option as it will ensure steady rental income due to the high demand for accommodations there.

Low Cost

A 2 BHK in a decent and urban locality is affordable for most investors. It fits the investment budget without putting much strain on first-time investors. The maintenance cost is not high for a 2 BHK property when compared to other large properties. This makes it ideal for beginners to start building a portfolio of real estate investment.

Appreciation

There is a good demand for 2 BHK apartments in any city. If one chooses a good locality with potential for development and urbanization, one can expect the property value as well as rentals to increase over time. It becomes important to conduct proper research and analyse various locations before choosing to invest in a property. By choosing a 2 BHK property in Dahisar East, one can be assured of price appreciation and high returns on investment.

The reasons have seen the natural emergence of a 2 BHK apartment as the most ideal property to invest in.



Home Buying Guide

Importance of Understanding Property Taxes

Property taxes are taxes laid down by the government to fund essential public services like schools, sanitation, roads, emergency services, etc. The rate of property tax varies for every state and city. It is a vital source of income for the municipality collected by the local government. Understanding property taxes is essential for property owners to manage their properties efficiently and safeguard their investments. This blog helps us understand the importance of property taxes. Financial impact Property tax is paid out monthly and is included in the maintenance bills. It becomes a part of the monthly expenses. While purchasing a property like 3 BHK flats in Dahisar, home buyers and investors should factor in the property tax as an expense. It is important to know the amount paid so that they can plan their financials effectively. By setting aside the amount for property tax they can assess the returns. Impact on affordability The quantum of property tax will affect the affordability of the property. A higher property tax will make owning and maintenance of the property expensive. Investors need to check the property taxes, for the location, like projects in Dahisar East, before purchasing the property. The payout will impact the returns of investments. Impact on the real estate market Markets with higher property tax may discourage investors and buyers from purchasing real estate while lower property tax will be favoured. The property tax becomes an important factor for purchase. Usually, locations with premium properties, like the luxury flats in Dahisar East, have higher property tax compared to those with budget and affordable properties. Compliance and penalties Property owners must understand the laws related to property tax. Late payment and non-payment attract heavy penalties. If the taxes are not paid for a considerable time then high interest is levied resulting in the accumulation of dues. Missing deadlines may force authorities to lien and foreclose the property to retrieve the dues. Investors who rent out their properties must not have any dues. The authorities do not sympathize with those who rent their property but do not pay the taxes on time. Understanding property taxes is an important part of property ownership. It helps you make informed decisions while choosing the property, planning your financial outcomes, and investment strategy. Since property taxes are a major source of income to the local government, it becomes an important contribution to the community we live in. ...
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Home Buying Guide

The Benefits of Homeownership: Financial and Emotional Rewards

Home is like an anchor in your life. it is a place where you belong where your family lives where you can feel yourself where you feel safe and at ease. Owning a home provides numerous benefits be it financial or non-financial. In a surging economy and thriving real estate industry, owning a home can be extremely beneficial. One can choose from options like luxury flats in Dahisar with world-class amenities. Although owning a home is not easy, the benefits it offers outweigh the challenges. Let us look at the financial and emotional rewards. Financial and emotional security Living in a rented home poses many risks financially as well as emotionally. Rising rentals and the risk of being asked to vacate at short notice can be stressful. By owning a home in new projects in Dahisar, one can rest assured that they and their family are firmly rooted and can live a stress-free life. The home can be your little world which you create and recreate as and when you wish. Investment and legacy building It is well known that real estate investment is one of the best means of multiplying wealth today. As one invests in a home the property appreciation promises to give high returns over time. Building a home also leaves a legacy behind for your loved ones serving as a means of pride and ownership. Flats in Dahisar East offer the ideal location and social infrastructure for generations to experience a comfortable lifestyle. Safety and security A home is where one feels safe and secure from the outside world. One thinks of their home as a place to recuperate and energize to face the world every day. It is also a safety net for your hard-earned wealth that cannot be lost. Since buying and selling property is a long process one cannot liquidate their home easily and at short notice. Wealth invested in property is more secure than liquidity. It is easy to get a loan against property on the home that is owned. Property is most preferred by financial institutions as security against loans making the disbursal easier. Smart Investment Property is a tangible asset whose value appreciates over time acting as a hedge against inflation. It is an asset class for long-term investment and helps diversify your financial portfolio from stocks, bonds, and traditional investments like fixed deposits. The importance of owning a home has become more significant after the pandemic as people realize the importance of having financial stability. Owning a property may have many financial benefits but the emotional benefits are greater. It is no surprise that owning a home is everybodys dream. ...
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