From a 2BHK apartment in North Goa to commercial office spaces in South Goa, top real estate companies in Goa are elevating construction patterns & flourishing as the new decade takes a stand. Therefore, property investment has become one of the core forms of investments in 2020. But, how would you know, which is the right of property investment – apartments, villas or plots? Here are some takeaways that will lessen the confusion as to which is the best type of property investment for you in Goa in 2020:
Apartments/Flats
The demand for apartments has seen a rapid rise over the last decade due to which some of the top real estate companies in Goa are inclined towards massive construction of apartments right from studio to 2BHK apartment in North Goa.
Pros:
Apartments are one of the most preferred property investments since it requires minimum or no maintenance hassle as most of it is taken care of, by the developer. Another advantage of investing in a 1 or 2BHK apartment in North Goa would be the accompanied amenities like swimming pool, gymnasium and moreover, security. Most of the top real estate companies in Goa, including Linc Property Developers Ltd., offer apartments in pristine locations in Goa at an affordable price. Additionally, apartments or flats have a higher resale value.
Cons:
Even though apartments have a higher resale value or wide buyer based, if your 1 or 2BHK apartment in North Goa lies on land whose ownership is not defined, the market value would remain flat. Another point to note is that apartments always have a lower rate of appreciation than plots.
Plots
If you wish to design your home and customise it as per your needs – may it be minimal interiors or an extra floor, looking out for a plot for sale in Goa would be the right form of property investment in 2020.
Pros:
People are targeting plots even in the most rural areas of Goa since it offers a higher rate of appreciation than apartments and readily available row villas in Goa. Also, nothing can be more satisfying than having your home designed in accordance with your wish, away from the overcrowded cities.
Cons:
Even though you can find a considerable number of plots for sale in Goa, you need a heavy financial backup as you ought to pay for land, architects & construction. Additionally, a plot cannot be rented off & it is also time-consuming to find a plot and construct a home.
Villas
Villas are more like a combination of a plot and apartment investment. This means that you can buy a row villa in Goa which is an independent unit offering your privacy, without the hassle & cost of buying or plot or constructing a house.
Pros:
Top real estate companies in Goa like the Linc Property Developers Ltd. offer the most exclusive private row villas in Goa with amenities like spacious balconies, gardens & a swimming pool – this being one of the significant advantages of investment in villas. Even though the investment might be heavy, row villas in Goa offer you all the luxury you need without a comparatively great investment that would go in architectural designs, construction & land.
Cons:
Considering that the rent for row villas in Goa would be comparatively higher than apartments, finding tenants would be challenging. Moreover, the capital appreciation of a villa tends to be lesser than that of a plot.
Also Read: 5 Reasons That Will Make You Want To Buy Apartments in Porvorim-Goa
Each of the above property investments has its own pros and cons which need to be considered before investment. So, you can now get in touch with some of the top real estate companies in Goa for an apartment or villa or simply contact a broker if you decide to opt for a plot, instead.
