Are you looking for a home that turns into your home? Are you in the 2bhk or 3bhk dilemma? You are not alone. The decision to buy a home is a big deal in itself, and the process is stressful for most home seekers. We are fascinated by the pressing conundrum of whether to buy a small apartment on a budget or spend a few extra bucks to buy a bigger one. If you need a little help considering the factors, we can help you with the key factors you need to consider to make the right decision.
First, why are you buying a house? We do this primarily to accommodate families comfortably and easily. So it’s a good reason to keep this as a priority. The number of family members is important, and if you need to accommodate guests from time to time, that should also be taken into account.With the increasing number of nuclear families, the demand for 2BHK and 3BHK housing is increasing. For a family of four, 2BHK looks compact. But 3 BHK is essential if you have a larger family. In both cases, 3 BHK is the best choice. Because an extra room is always handy, whether it’s when guests come over, or when grandparents or other family members visit.
After considering space issues, the cost of space is the next important factor. A 2BHK home is clearly cheaper than a comparable home, but the question is whether both prices are justified. The cost difference is not that big. Assuming that 2 BHK costs Rs.5 lakh, 3 BHK may cost around Rs.7 lakh. The difference could be rewarded in the winning room. You can get a mortgage if you think you can handle it, as it’s not much more than you’d spend on 2BHK.
We are blessed to live in an age when mortgages are affordable for those looking to buy a home. A very viable option as mortgage interest rates start at his 8.65%. Your choice of loan type depends on the size of the house you have in mind. You can choose the slower option of 3 BHK which is a solid investment if you are sure to pay back the amount within the allotted time. 2BHK is ideal if repayment and lending rates cannot keep up. It also depends on the area and amenities you are looking for in your home.Applying for a mortgage just got easier. The only documents required are your ID, bank details, a recent bank statement, and a few other important details. Banks offer different mortgage models that you can choose according to your budget and needs.
There are many reasons to buy real estate. For example, if you want to provide a home for your family, or buy it as an investment for future profits. You can now buy a home at a low price and sell it at a high price after several years of capital appreciation. While you own the property, you can lease or rent the place to get a steady income from your investment. 3 BHK homes are fine in the market, but 2BHK is his preferred property as an investment option because more people need smaller homes. Many of the people looking for rental properties are young people and working couples. It makes more sense to live in a compact space like a 2BHK apartment than a 3BHK apartment you don’t own.
Always think about the future of your property before purchasing. You need to check the sale price of the property. 2 BHK homes are easier to sell in urban areas as large populations are looking for smaller investment destinations. However, a 3 BHK home can fetch a higher sale price, and valuations over the years can increase the value of the place many times over.
When buying your first home, you may not pay much attention to the paperwork. The paperwork and documents are very similar for 2 BHK and 3 BHK, but there are minor differences. A title deed or deed of title is the most important document and record of the transfer of ownership to you. This document will be registered with the local sub-registrar’s office where your property is located.
Ultimately it comes down to your convenience. If you are looking to buy a place in a big city, 2BHK is an ideal choice as it is inexpensive and accessible to all business locations as well as offices. Consider 3 BHK essential only if you have a large family or frequent guests. It is also luxurious for those who want their own space like a study. If your dilemma is resale value, 3BHK is an ideal choice as it will give you higher profits over the years.
To summarize, choosing between 2 BHK and 3 BHK should boil down to how much space and shell you need. Don’t think about saving a few bucks temporarily, choose wisely because you need to know you’re making an investment.