Advantages Of Buying Plots

Bangalore, September 10, 2014 – All of us struggle to decide on whether to buy a plot or apartment while making real estate investment. Though there are pros and cons of choosing either alternative, from investment point of view plot out scores apartment. Let us look below advantages of buying plot and especially from Campan Valley.

Advantages of buying plots:

1. Low acquisition cost:

One of the important benefits of buying plot is that it is cheaper than buying an apartment. Even if a building is worthless, the owner of the land will have to pay to demolish it, so building becomes costlier than land at any point of time. It will be affordable for first time home buyer to buy a plot rather than apartment.

2. Flexibility in building your dream home:

If you want to buy an apartment it is always a tradeoff between, design / structure and budget or location. A well designed apartment will be costlier as builder charges for non-constructed area also for the rate of constructed area. This makes well designed apartment too costlier for people to afford and hence they sacrifice design and structure over budget.

However in plots you can choose designs based on your budget. Even if you cannot afford to build a luxury home now, you always have the opportunity to build one in future, if there is enough land area.

3. Privacy:

Unlike apartments, plot owners need not share floor space with others. They get complete privacy while living in a community.

4. Minimal maintenance cost:

When budget is a constraint, people can opt not to construct in plots. So it reduces not only investment but also huge maintenance cost which apartment carries.

5. Higher appreciation potential:

“Under All Is The Land”. Real estate appreciation is always on land. When you buy apartment, appreciation on the value of apartment is based on the Undivided Share of Land (UDS). If your apartment has more UDS, it will appreciate more and vice versa.

However in plot the whole investment in going in to land. So appreciation potential is far superior.

6. Immediate possession:

One of the critical risks most apartment buyers face today is whether they will get possession as per the date promised by builder. When the possession is delayed, it has multiple effects like paying pre EMI interest, losing income tax benefit, losing rental income etc. But plot owners don’t have any of these risks.

7. No risk of wrong approvals:

If any apartment is constructed with deviation, the home buyer faces risk of demolition, reselling problem, unavailability of loan etc till he sells home. Even the builder may have approvals, but during construction if there is any deviation apartment owner needs to face the risk.

But plot projects don’t have construction approvals. Plot buyer should look only in to title and layout approval from respective authorities.

The Benefits of a Planned Premium Gated Community

More and more people are today choosing planned communities as their preferred way of living since it suits their lifestyle and taste. The rise of popularity is backed by the huge number benefits that a planned community has to offer.

1. Large Open space:

Planned communities would offer you vast open spaces helping you to a quality and healthy living. The ratio of covered or built up area to total space available is low. This is undoubtedly one of the first factors considered by home buyers today.

2. Safe and Quality Neighborhood :

Planned communities are developed in areas which are extremely safe, secure and have a good neighborhood from all aspects. Choosing a quality neighborhood is as important as choosing a home. One can assume this to be a given when one chooses a planned community for one’s living.

3. Feeling of Togetherness and Belonging:

A community living brings in a sense of togetherness and unity. Not only do the citizens start acting in a responsible manner towards the others, you also grow more tolerant towards others.

4. Excellent Investment with peace of mind:

We take the pain out of buying land. Owning a plot in a premium plotted development makes great financial sense. During good times, your property would grow at a much faster pace compared to the other forms of investment and during depressed times, the value would not go down drastically. You cannot ask for a more prudent investment.

5. Rules and Responsibilities:

All premium plotted development projects frame rules governing the stay of its residents. Adherence to these rules helps in terms of making the stay of all its members comfortable and enjoyable. All residents are well aware of how can they make life stress free for everyone living in a community. CCI Newswire