Today’s real estate market has a whole lot to offer in terms of the types of homes for sale. Home buyers are spoilt for choice when it comes to owning their dream homes designed and developed by real estate developers in Goa. If you are a prospective homebuyer caught in the dilemma of choosing between buying a villa or an apartment, this article should help you arrive at a decision. The most important factors that go into choosing one over the other are:
The Price Point
Affordability is one of the major factors that makes owning an apartment a much-preferred choice over villas in Goa. Since developers lose out on the floor space index (FSI) while building Villas, they are priced much higher than apartments. Purchasing the most luxurious 2 bhk apartments in Mapusa makes for a very financially prudent decision since it does not overburden your pockets as compared to investing in a villa. The savings can be utilized for additional costs such as furnishing, maintenance, registration fees and other unforeseen expenses.
Cost of Maintenance
Like any other lifestyle investment a home also comes with recurring maintenance costs. The cost of up-keeping apartments in Goa is much less and very affordable as compared to the maintenance of villas. The concept is simple – the smaller the space, the lower the maintenance. A residents’ welfare association (RWA) usually formed amongst apartment owners themselves takes care of the maintenance which offers a hassle-free experience for homeowners who are ever so busy. If you own the villa, remember you’d have to do this by yourself, which involves a lot of time and financial resources. With the ever-increasing inflation costs, affordable maintenance of your homes becomes an important consideration during purchase.
Safety and Security
An important consideration that people take into account when they buy property in Goa is the safety and security of themselves and their families. Apartments come with the ease of having gated complexes with 24×7 security guards whereas when it comes to villas, you’d have to engage private security with added costs.
Community Facilities
Access to community facilities enhances the quality of living. These spacious apartments in Duler Mapusa offer amenities and facilities such as a swimming pool, gym, clubhouse, recreational spaces and kids play zone. Homeowners can access these facilities at their ease and convenience without having to individually spend on them otherwise.
Return on Investment
A chunk of real estate buyers are small nuclear families who seek 2bhk apartments to make a home in. If you are looking to buy property for investment purposes, then apartments are clear winners over villas. Goa has a big demand for accommodation seekers who look to rent out residential spaces. When it comes to Villas though, rental profits are on the lower side due to the cost of their upkeep.
The ultimate choice of investment lies with the home buyer however if you are a small family looking at availing a home with luxury and convenience then buying an apartment would be the ideal choice due to the varied advantages. Keep in mind to always purchase from trustworthy realtors with a high reputation in the industry.
