Which is best 1 BHK or 3 BHK?
The price of each unit depends on the area, developer and the location. Furthermore, it also depends on the size of the family. A family of 5 members having low income can adjust in the 1 BHK apartment. However, the same member of the family with high income would prefer for 2 BHK or 3 BHK apartment. Every unit has its own advantages and disadvantages. Before you invest in the respective unit, you need to do a good research on all terms. However, of all the units available in real estate, the 2 BHK apartment is considered as the best investment. Before we learn the benefit of 2 BHK, let us first check why 1 BHK and 3 BHK aren’t the best options:
1 BHK Apartment: The reason why 1 BHK isn’t the best option is that it is usually purchased by lower income group of people. The value of the 1 bhk also isn’t high, irrespective of the location. Moreover, small builders are the one who deals with building this unit. 1 BHK is normally bought by end users. The rate of appreciation of 1 BHK lags behind other unit sizes therefore investors don’t prefer 1 BHK for Real Estate Investment.
3 BHK Apartment: Compared to 1 BHK and 2 BHK, this apartment units having higher value and costs more than 70%. It is usually purchased by higher income family who wants large space and in a luxury way. A general 3 BHK apartment will be 1000-1200 sqft and will also have higher rental value. A 3 BHK may cost 50% more than 2 BHK but rent differential is hardly 20%. As the price of the 3 BHK apartment is high, it wouldn’t be affordable for those who are looking for 1 BHK or 2 BHK flat. Moreover, the 3 BHK flat will find hard to rent on due to higher rental value.