Bun­ga­lows ver­sus flats

HT Estates - - NEWS -

Lo­ca­tion is im­por­tant: Make sure you go in for a prop­erty that is well-con­nected to em­ploy­ment zones or the air­port. This will en­sure that more com­pa­nies will sign up for cor­po­rate leases Long-term in­vest­ment: Be­fore buy­ing a bun­ga­low, whether in the main city or the out­skirts, make sure you con­sider the long-term fi­nan­cial im­pli­ca­tions. This as­set class is usu­ally more ex­pen­sive than flats High on main­te­nance: Be­fore in­vest­ing in a bun­ga­low, al­ways re­mem­ber that costs to main­tain it would be much higher than that of an apart­ment. Main­te­nance and prop­erty tax for apart­ments is com­par­a­tively lower than that for bun­ga­lows What is more ex­pen­sive? Un­like a flat, a bun­ga­low will al­ways com­mand a higher price as the value of the land on which it stands is ac­counted for while eval­u­at­ing the costs of the said prop­erty Cap­i­tal ap­pre­ci­a­tion: Re­mem­ber that cap­i­tal ap­pre­ci­a­tion of flats in cen­trally lo­cated projects is slower than in many up­com­ing ar­eas be­cause their mar­ket vi­a­bil­ity gets en­hanced with in­creas­ing civic in­fra­struc­ture. There is al­ways more de­mand for such prop­er­ties

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