Reasons for Investing in a 1-BHK Apartment in Gurgaon
Investing in real estate is considered a profitable investment option. It helps earn some extra money when it is resold or given on rent. But investing in real estate properties is not an easy task. There are various things which need to be considered while purchasing a property. You must now consider RERA & GST factors also, which have greatly impacted real estate.
Buying a new flat in Gurgaon?
As Gurgaon is a major IT hub with various on-going projects, investing in properties here will be a very good deal. As real estate business in Gurgaon is rising at a phenomenal rate, investing in a 1-BHK apartment in a prime location would be a viable option for investment. Here are few reasons which prove that investing in a 1BHK apartment in Gurgaon can be an ideal choice:
Affordability The smaller the apartment is, the more affordable it will be for people with average income. If you are looking for properties for reselling, then investing in small apartments will be the best choice for you to earn some experience as well as profit at the initial stage. Small apartments will cost you less; hence, you will need to pay only a small down payment amount and low EMIs. Moreover, you can also take advantage of housing subsidy for 1 BHK units.
Lower utility cost If you are investing in small apartments then you will get benefit while paying property tax. In addition to this, you will need to pay less for maintenance and utility, which is mainly calculated on area basis.
Renting is easy As young couples, students, and bachelor, people prefer small units because of affordable rent rates. You can easily give your apartment on rent to people looking for it. In major cities where most of the population migrates from other cities, 1-BHK apartments are highly demanded for rent. Hence, investing in 1BHK apartments is considered a smart choice to earn a fixed monthly income without putting hard labour.
Keeps you away from debts: For purchasing big apartments like 2-BHK or 3-BHK apartments, most of the people normally opt for home loans. Sometimes, people face difficulty in paying their loan repayment amount. In such cases, people come under the pressure of debt and their ownership of the house also comes under risk. On the other hand, you can stay away from debts and the burden of repaying monthly EMIs for a long time by investing in 1-BHK apartments.