Reasons for investing in plots:
• It Offers Great Flexibility
When purchasing an apartment, buyers are often limited to the architect’s vision of the house. They will only make a few customizations to the property and changing the layout of the home is completely out of the question. A plot of land, in contrast, is sort of a blank canvas to build your dream home. you’ll design your home from scratch, add elements that are important to you, and even use your choice of materials. A house lasts you a lifetime, therefore it’s important that you simply have the power to design it in a way that matches your personality and lifestyle.
• Initial Investment is Low
Residential homes, even the foremost affordable ones, are typically priced much above a plot of land. due to this, most potential investors use a home equity credit to finance their purchase. A plot of land, on the opposite hand, is far more cost-effective. The low entry ticket size means even young investors can purchase them without any financial obstacle in their way. Many investors, in fact, prefer to purchase land early in life and build a home on it later, once they have more savings. this will work out to be much cheaper than purchasing a home and paying EMIs for it.
• Land Is Appreciating Quickly
The most attractive feature of real estate investment is that they are almost guaranteed to appreciate. But while land and residential homes both have this in common, investing in a plot might give you an edge. Over a previous couple of years, land has been appreciating much faster than residential property. The worth of land is also dependent on the surrounding infrastructure. Improvements within the latter will guarantee a direct increase in the former. When clubbed along with the low investment required to purchase it, the land offers much higher returns during a shorter period.
• No Gap Between Purchase And Possession
When investing in a home that is under construction, individuals have to wait until it is fully completed to take possession. Depending upon the stage of construction the project is in, the ultimate handover can take a year or even longer. With a plot of land, there’s virtually no possibility of a delay. Since land doesn’t require any construction, owners can take possession of their new assets almost instantaneously.
• Low land tax
Property tax is a recurring expense that property owners have to account for, no matter whether they own a house or plot of land. But within the case of land, the land tax tends to be much lower than it is for a house. This means that you will not just be saving money when you are making the initial purchase of a plot of land, but also in the long run while paying taxes.
• No Maintenance Cost
Whether you propose on living in your purchased home or not, you’ll still need to pay a certain amount for maintenance. a number of these charges are constant, for instance, the upkeep fees issued by housing societies. repeatedly, however, they will be unplanned, because it is in the case of plumbing issues, electrical problems, renovations, etc. With a plot of land, there’s virtually no maintenance required. Even the foremost hands-off investor can purchase land without having to worry about regular upkeep.
• It may be a Finite Asset
One of the biggest advantages of investing in land is that it is a finite resource. New residential high-rises will still be built, but there’s only a limited amount of land available for ownership. due to this, owners are often certain that their investment will constantly be in demand as a result of which, its price will still appreciate. Investing in a plot of land is undoubtedly one of the best options for individuals looking to gain high returns with minimal risk. Visit Tiger Shree to find out more about our distinguished plotted development projects.
We Also Build Villas
Staying in villas has always been connected to the wealthy class of society. Unlike a little house built on large land with sufficient provision for a lavish lifestyle. People have also started relating these luxurious properties to more significant capital investment and fewer security measures, but today’s scenario is different. Being situated in such a planned locality, these houses have all the simplest amenities like a 24/7 water supply, power, electricity, and guards. Thus today, property investment in villas is the brightest option for real estate seekers A villa with a personal garden or deck, speaks volumes about a few person’s lifestyles. Every house is a homeowner’s reflection of the life they lead.
Advantages Of Living In Villa
If you’re weary of prying eyes and nosy neighbours- then opting for a villa is a great alternative. you’ll enjoy the perks and amenities of community housing while maintaining a private lifestyle.
No shared walls and no shared water system villas come with exclusivity that is not seen in apartments. you’ll control the usage of water and other essentials without having to worry about your fellow residents.
• A Well-Suited Neighbourhood
If you decide on a villa in an exclusive housing community, you’ll be assured that you and your children can have access to a niche group of fellow residents. It might be a mix of like-minded people and people from similar walks of life, making it easier to socialize and luxuriate in a good and cordial relationship with one’s fellow residents.
• Freedom to style
Each villa community comes with its own set of guidelines when it involves design. Some like it better to keep a uniform exterior while giving you full flexibility to design your interiors as per your choice, while some others provide you with complete liberty to design your home as per your desire- both the interior and the exterior. Overall, villas give you a lot more freedom to design your own space as compared to Apartment living.