Duplex Vs Flat which Property is Beneficial?

Whether you are thinking to purchase a duplex or a flat, both have sky reaching rates in any location. Choosing a best location will provide you the best investment rates. Some people opt for buying a flat while some looks for an independent house. It’s their personal choice whether they choose a duplex or a flat as both have their pros and cons in terms of financial aspects as well as in terms of amenities. The market for duplex flats for sale in Gachibowli is heating up. Nowadays people are more interested in buying a flat rather than an independent house because of the increasing property rates. The cost of flat is cheaper as compared to the cost of duplex.

Let’s see some of the top areas where you can make a difference between duplex and flats for sale in Hyderabad.

Amenities

If you are buying a flat then you will get some added values like security, parking space, water systems, fire safety mechanism in place. If we talk about an independent property then obviously it would cost extra for setting up all these amenities. Also, extra efforts are required to manage all the amenities like the flat. It is obvious that one will require to spend at least 2-3 percent of the total property value on the amenities for an independent villa property. This will cover setting up a power back-up like an inverter or generator set, and setting up your own water mechanism. Security will remain a point of concern if you are going with a duplex as this will again require extra cost.

Mortgage

If you are thinking to buy a property or acquiring a flat from many 3bhk flats for sale in hyderabad by taking a home loan then it is very easy to get a loan for a flat as compared to an independent property. Lending banks often sanctioned loans easily, if you are buying a flat. Lending banks provides a list of sanctioned projects where you can easily get an approval for your house loan. Banks offer loans for independent properties only after performing strict scrutiny of borrowers. The process of lending is difficult in the case of independent properties because of the unaccounted cash component. Instead, look out for duplex apartments in hyderabad.

Buying an under-construction property

You might face many challenges if you are planning to buy an under construction property there are many challenge. The problems are comparatively less when you are investing in an apartment project. In case you are planning to buy a plot and then thinking to build a house on it, probably, it will take a long time, and it is a tiring task to construct the whole property. Here, you are having huge advantages of building the property in the given time.

Maintenance Cost

Maintenance cost starts when you start living in the house of your dreams. Your house needs constant efforts for maintaining the cleanliness, construction and repair. It has been observed that the cost of maintaining a row house is more than the flat because it is taken care of by the society’s RWA.

Saleability:

If we compare duplex with flat, duplex takes more time to resell. But according to a survey, it has been observed that flats are in more demand. Individual properties takes more time in selling as the rates of duplex are high. Selling a flat is much easier than selling a property. If we talk about apartments, then it has been observed that 2-bedrooms and 3 bedrooms flats are in more demand as compared to 4bhk apartments in hyderabad.

It's your choice whether you want to buy a duplex or a flat. Flat and Duplex, both have their own pros and cons. Or you can consider acquiring a flat in the several offers of gated community flats for sale in hyderabad. If you are thinking to buy a property then make a right choice of the home that you will enjoy living happily for the rest of your life.