Buying property in Bangalore, the Silicon Valley of India, is a good investment option. The real estate market of Bangalore has been thriving, and properties have experienced good capital value appreciation. The city has a plethora of property options such as apartments, penthouses, and villas to choose from. However, investing in a 1BHK apartment is a low-risk and high-profit option. Read this article to find out why.
1. Easily Affordable
If you have just moved to Bangalore as a working professional, you might consider buying an apartment here. A 1BHK apartment will give you the comfort of having your own house. The cost of a 1BHK house is much lesser than other property types such as 2 or 3BHK houses. Additionally, if you decide to sell it, you will find buyers easily.
Alternatively, if you plan to buy a house and rent it out, you must invest in a 1BHK house. Many students move to Bangalore to pursue their education. Usually, they prefer renting a 1BHK house with their friends, as it suits their student budget. Therefore, if you have a 1BHK house, you will be able to get steady rental returns from it.
2. Less Property Tax and Maintenance Cost
Since a 1BHK apartment is a small residential unit, you don't have to pay high property tax. Also, the maintenance cost for this type of apartment is very less. You don't have to hire someone to look after your property. This will help you in saving a lot of money.
3. Good Savings
If you are planning to take loan for buying a 1BHK apartment, the loan amount and interest charges will be quite low. You can easily pay off the loan in a short period of time. This will help you in saving money for the future. Also, getting a home loan for a 1BHK apartment is much easier than for big apartments or individual homes.
A 1BHK unit is the most sought-after housing option in Bangalore as the city is filled with working professionals and students. Investing in such a property in this city will definitely be beneficial for you.