The first consideration when looking to purchase a home is the property’s location. Everybody wants their homes to be in areas that are secure and have all the necessities, such as grocery stores, pharmacies, and other services. The second thought that crosses our minds is whether to purchase a villa or an apartment. Choosing between a flat and a villa can be challenging because each has advantages and drawbacks of its own. Luxury apartments and villas with a wide range of top-notch features are available from builders in Kerala.
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WHAT IS A VILLA?
Villas are the opulent alternative to row homes. This property has direct street access. There is a veranda between the main space and the street, which is typically used for gardening, parking, or other purposes even though it serves no practical purpose. Despite being a distinct residential unit, a villa has a set floor layout. A villa cannot be expanded beyond the addition of floors in accordance with state standards. For those with upscale tastes in living, real estate specialists recommend luxury villas in Kochi. People can choose a villa if they feel comfortable with the idea of communal living but do not want to share their space with others. It may cost more to purchase one of the greatest villas in town than it would to purchase a duplex or a flat in the same neighbourhood.
WHAT IS A FLAT OR AN APARTMENT?
A flat is a residential unit in a multi-unit building. LIG, MIG, and HIG flats are the three different types of apartments because they are designed to meet the housing demands of different economic groups. The flats can also be classified as belonging to categories like 1 BHK, 2 BHK, and so on depending on the number of bedrooms and common areas. BHK stands for bedroom-hall-kitchen. A flat represents the housing of the sector of society known as the middle class and is able to provide basic shelter amenities to persons with fixed incomes and limited money sources.
DIFFERENCE BETWEEN FLATS AND VILLAS
Amenities
When we discuss amenities, we mean things like power backup, water pumping facilities, security setup, and CCTV installation. In flats, all of the utilities are installed by the builder directly and are included in the purchase price. On the other side, you have to pay more out of your own wallet when purchasing a villa in order to set up these services. You must make additional investments to put up a CCTV system and security network. Similar to that, you must get a generator or an inverter for power backup facilities. In all, you must pay an additional 2% to 3% of the villa price to include these amenities. In addition to having to spend more money, you will also need to keep track of their maintenance and determine whether they are functioning well or not.
Privacy
In contrast to an apartment, there is no one above or below you when you live in a villa because you do not share a wall with your neighbours. This not only increases your privacy but also provides you the flexibility to practise your hobbies in the privacy of your own home, such as playing the piano or kicking a ball around on the terrace.
Maintenance
The cost of purchasing a house does not end there. The actual cost begins once you purchase a house. The maintenance is handled by the committee of the flat members if you buy a flat in a gated community. The committee will take care of maintaining the property if you only pay your monthly maintenance costs. In a nutshell, since the cost of maintaining the property is shared among the flat owners, it does not significantly strain the wallet.
Ownership Of Land
The main distinction between a villa and an apartment is that a villa allows you to own the land that your home is built on. Even though an apartment comes with an undivided plot of land, it is substantially smaller than a villa. In actuality, that plot of land serves no purpose.
Return On Investment
We all want to invest in real estate that will provide us with the highest rate of return. Villas are undoubtedly more expensive than flats when compared in terms of resale value. In contrast to villas, however, flats are significantly simpler to sell. The main reason is that apartments feature a lot of conveniences that most villas lack.
Customisation
It is best to own a villa rather than a flat if your preferences change over time. Independent homes provide for both interior and exterior customization. It is simple to adapt it to your preferences, vision, or fashion trends. It is a little bit harder to exercise that kind of independence in apartments, though. An apartment is challenging to renovate or enlarge, however a villa is quite simple. But you have complete control over modifying an apartment’s interior. A luxury apartment’s interiors are typically already planned out by the majority of interior designers, so you don’t have to wait months for any significant interior design changes.
Fun-Filled Community Living
The ideal form of communal living is an apartment. They are ideal for extroverts who love to meet new people, a welcoming new family, or even a bachelor who has just moved to the city for the first time. An apartment community frequently hosts events inside the complex that encourage interaction and the formation of bonds between residents.
FLAT OR VILLA, WHICH SHOULD YOU BUY?
There are benefits and drawbacks to living in both apartments and villas. Always keep your options open while buying a home, whether it’s an apartment or a villa. Your house needs to be ideal for you. You must decide which is best given the circumstances and demands of your family. Villas and apartments each have their own benefits and downsides. Therefore, in order to get the greatest deal, it is important to be aware of your own preferences before evaluating your selections according to various factors.
