The 1 BHK vs 2 BHK unit debate is communal among homebuyers on a tight budget, particularly first-time buyers looking for a reasonable housing option for a small family or a bachelor home. But selecting between the two options will be no simple task. You’ll need to deliberate property price, location, builder, and space, among other factors.
Here are some aspects you should think over before zeroing in on a flat
Planning for the future
As a starter home, a 1 BHK may appear like the ideal blend of reasonability and cosiness. However, acquiring a home is a long-term investment. You may think that a 1 BHK apartment has enough space, but if you want to enlarge your family, it may feel overcrowded as time goes by. In contrast, a 2 BHK apartment offers ample space for a nuclear family to live securely.
Market supply and demand
If you’re single or have a small family, a 2 BHK residence will be a perfect choice.
Why? Because the market for 2 BHK homes frequently has more demand, so builders pay special courtesy to property design and construction. As a result, 2 BHK properties offer better facilities and design options. Thus, on average, you will find a more extensive and better quality 2 BHK property than its 1 BHK complements.
Also, if you are acquiring a home purely from an investment point of view, it will be simple to vend your 2 BHK property due to its high demand.
Cost analysis
It's no secret that the Indian real estate market is price-sensitive. In practically every buying choice, price is an important consideration. However, buying a 2 BHK offers a more roomy option to satisfy your space needs whether you have a nuclear family or live with your parents.
Consequently, even if you are taking out a mortgage loan to purchase the property, you can still afford a large apartment and comfortably pay your other monthly responsibilities.
Affordable maintenance cost
A 1 BHK apartment has cheaper maintenance costs in absolute terms than a 2 BHK one. In contrast to, for instance, the maintenance cost differential between a 2 BHK and a 3 BHK property, the difference is not as considerable. Additionally, getting additional carpet surfaces for a somewhat higher maintenance cost is a smart investment from the perspective of returns.
In conclusion
Whether you want to obtain a flat for investment or live with your family, a 2 BHK flat is a perfect choice. With plenty of space and good gratitude value, a 2 BHK home is the goldilocks of flats – not too luxurious yet spacious.
Get the best 2 BHK home with Tata Capital
Tata Capital gives home financing of up to Rs. 5 crores at interest charges beginning at just 6.90%. With our high home loan correctness, you never have to relax about anything less than perfect. What’s more, you can use our home loan EMI calculator to appraise your potential EMIs.
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