What will be a better investment in 2020, buying an apartment or land?

While buying a plot of land gives you a bigger sense of ownership, an apartment offers greater security.

The apartment culture has taken over the residential market in major cities of India, but people still cherish the desire to buy a plot of land and build their own home. If you intend to do so, you must gauge several aspects such as the cost of building, appreciation, financial assistance and income, carefully.

Investing in real estate is almost always rewarding if you do it the right way. The key is to identify what you need out of your investment - regular returns or higher appreciation over time - and match it to your investment capacity. The trick lies in not over-stretching and never ever cutting down on the due diligence necessary." Here's a comparison to understand what makes more sense - an apartment or a plot of land.

Investment

Buying a ready-to-move-in flat requires you to pay a lump-sum amount or take a loan and pay EMIs over a period of time. This means you pay as you start living in the house. However, buying a plot requires you to have funds at your disposal to construct the property on the land bought and turns out to be more expensive compared to buying a flat of a similar size and dimension

Cost of purchasing a flat or land depends on the location. If you are considering purchasing a plot within city limits in a metro - where space is a constraint - the price would be much higher than what you would pay for a flat. On the other hand, if you were to invest in land in one of the Tier-II cities in India, you would be able to acquire a substantial plot of land at a much lower price. The thing to remember is that while several banks offer loans to buy a flat, not many offer loans for plots.

When you buy a plot, you have to regularly monitor the construction activity and there are chances of a project going over budget since a common man does not have the experience and expertise of constructing properties on a regular basis.

Scope of Resale

Prices of flats rise higher and faster given their limited number compared to independent houses which may not boast extra facilities that a housing society provides. The only advantage plots have is that the buyer gets to own the land and can construct a new house or an entirely new building to make profits

houses have a higher resale value than flats, "primarily because the person buying the house also becomes the owner of the plot of land on which the house has been constructed".

Return on Investment

When it comes to independent houses, the value of the land rises, but the built-up property's value keeps going down over the years due to usage and resulting deterioration. The seller has to regularly invest in its upkeep.

A flat's worth keeps increasing consistently since it is always in demand due to its affordability factor. However, the owner of a plot can make profits on his investment if he plans wisely by constructing multiple floors and renting them out. Also, as a lesser number of houses is being built on plots, their demand is rising amongst those who can afford them. Purchasing plots purely for investment purposes can yield healthy profits, too.

Safety

A lot of frauds happen where the buyers are duped into buying government-owned lands or plots under legal scrutiny. This is normally not the case while buying a flat, as necessary permissions are in order from the municipal authorities and a builder only constructs and sells the property after undergoing due diligence in most cases.

A housing society is well-protected and guarded round the clock and has state-of-the-art security systems and a lot of families around, which means the probability of something untoward happening is low. Living independently means investing in security from your own pocket.

Conclusion

Choose the best option after analyzing your needs, financial abilities and liabilities. If you are merely looking to invest your funds for a few years until you are ready to invest in a flat, a plot in a location that will see appreciation in the future would be a good idea.

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Which do you think is better, flats or homes?

Once you have made up your mind to buy a home, the next question that comes into our mind is “Should I buy an independent house or apartment ?”

If you are looking to buy apartments in bangalore or apartments in bangalore for rent. I suggest you buy the apartments themselves do not look out for rent because you can pay EMI itself instead of rent with the same budget.

ADVANTAGES OF AN APARTMENT

• One of the key advantage of an apartment is security for your family members in the event you are traveling or for the expensive household goods.
• Facilities such as power and water backup, uninterrupted supply of cooking gas would help you to live a hassle-free life. The scarcity of power and good water is becoming a serious problem in most top cities and the problem is expected to escalate more in the future.
• An apartment which is part of a large development will have a well-maintained garden and landscaping as part of the complex. This will provide space for you and your family to take a stroll and relax.
• Club facilities will provide you access to the gym, sports, swimming pool etc which will help you to lead an active and healthy life – a must need in the current high-stress environment.
• Services such as a plumber, electrician are available on call (from the society) which will help to reduce the hazel of maintaining your home.
• If you own an apartment and you get transferred, some societies help the apartment owners to rent out the apartment which will enable you to generate revenue from the asset with limited efforts.
• No war of words with the neighbor for parking space which has become a daily phenomenon in the larger cities. The parking slots are well defined and allocated in case of flats.

ADVANTAGES OF INDEPENDENT HOUSE

• An independent house provides you greater degree of freedom.
• Ability to design the house as per your wish.
• Future modification of exteriors as per the latest trends and wishes.
• If you have a keen interest in gardening then you would have a space to build on your interest or grow your pets.
• More privacy with no more problems with regard to sound sweepage.
• You can always expand the space as per requirement in the future when your children grow up.
• You can develop higher floors when you want to make some additional income through rent.

If you are looking to buy flats in Bangalore you would be having more choices of locations like near Metro stations, Railway stations, Bus stops where you would get easy access to travel easily.

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When should I apply for an apartment?

I recommend starting your search 30-60 days before your desired move-in date. The inventory will be up to date during your search, and you’ll be ready to move in fairly soon once you find something.

Finding an apartment online is becoming the norm, so it’s no surprise that property managers and landlords are spending a lot more time advertising their rentals online. In the same vein, they’re also creating more detailed descriptions of the property so buyers can get a better idea of the unit without having to tour it. By reading through an apartment’s description, you can learn about the amenities offered, whether or not it’s pet-friendly, and, most importantly in this case, its availability.

Once you know when you want to move in, it’s helpful to know what you’re looking for a property in Bangalore. Having priorities, requirements, and even a checklist of what you want in your next place will help narrow down your search. Consider which of the following amenities you need and which you could live without.

• Parking space
• In-unit laundry
• Dishwasher
• Backyard/yard for pet
• Swimming pool
• Elevator
• Fitness center
• Resident lounge/common space

Next, do your research. Think about which neighborhoods you could see yourself in and which ones are off the table. You’ll want to factor in:

• Budget
• Commute to work
• Favorite places/hobbies and interests
• Public transit
• Cafes, grocery stores, restaurants

An apartment that is close to your work, but far away from all your favorite weekend spots, might not be the right choice. Decide what your definition of the ideal apartment is, then narrow down (or broaden) your search as you go.

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Why are tiles soaked in water before use?

When a tile (or a brick for that matter) is too porous, it will suck the water out of the mortar without allowing it to set properly, leaving weak bonds between mortar and tile.

1. For the proper laying of tiles. hire an experienced mason.
2. Before fixing, tiles must be soaked in water for about an hour. Soaking of tiles is not required in case of fixing with chemical adhesive.
3. The wall surface is to be rough plastered using mortar composed of one part cement and two parts sand.
4. On the wall surface, a coat of very thin cement slurry should be applied by brush at the time of fixing the tiles.
5. The mortar is to be spread on the backside of the tile. This should be composed of one part cement and two parts sand.
6. Tiles so placed in the mortar should be gently raped to ensure total mortar contact.
7. Shade and Size variation is an inherent characteristic of ceramic tiles. Before fixing, the tiles should be mixed separate boxes to have random blending and avoid obvious patches.
8. Mixing of time with cement, careless mixing or deliberate use of rich mixes will lead to wall tile failure.

For more information Visit India’s Largest collection store Somany Ceramics.