Investing in one bedroom apartments become a trend among buyers. The sudden rise of apartments in recent years has shown demands for both buyers and sellers. Since one-bedroom apartment culture is more appealing so people make it as one of the cheapest and smartest investments. This is not only an attractive choice for renters but also for tenants and real estate investors. The convenience of such single bedrooms turned most popular among all. You may see many upsides while investing in single-bedroom flats. Let us read here how they are supreme in all aspects.
A well designed one-bedroom apartment lies in a good location can be a great investment opportunity. Such flats even more close to transportation, work hubs, schools, and downtown are often a good idea to invest. Tenants who seek these flats are willing to sacrifice the space too. So, choose wisely to keep your single-bedroom unit in demand.
Rental yields
The high rental yield is another appealing feature of such apartments. Since many of the budgetary people rush to occupy single flats, the demand keeps increasing. Even students who averse to accommodate in paying guest places choose single bedroom apartments to stay free with no hassles. Young professionals, solo livings, newly wedded couples and even old-aged people find more convenient, secure and comfortable here than a large house. For such people, 1 BHK flat is a good option, particularly, if they do not spend more time at home. Generally, millennials would like to stay in an affordable place and sell it when they move to different cities for their work.
Fiscal aspects
The financial aspect is one of the positive facets of single bedroom flats. These are a low-cost asset for an investor with a little capital on hand. Depending on the price, low stamp duty is collected from the buyers. Such affordable housing units are considered to have good capital growth over the years and it is a good idea of investing here. Such small-spaced apartments take less maintenance than owning a bigger house and also seem cheaper to design and furnish. It’s a considerable thing that when buying a 1 bedroom apartment, it is easier to even sell with the increasing demand as mentioned earlier. Especially, in crowded cities the demand for these types of flats is huge. If you are deciding to sell you can easily find a buyer fast.
Worth investing on 1 BHK
A one-bedroom flat can be a good investment option for a newbie or conservative investor wary of investing money in mutual or equity funds. Most Indians consider investing in real estate is a safe choice. Buying I BHK can also be feasible with a home loan EMI. Even if you move to other places, your flat guarantees regular rental income. Alternatively, you will have a bunch of buyers to purchase your home and you could invest that amount as capital to proceed for your next plan.
Most property developers like GP Homes, keep an eye on designing one BHK units in their projects because these are usually the first to be bought and generate instant working capital for them to proceed with other projects.
From the above, it is obvious there is a surge in buying or renting one-bedroom apartments. The sustained rise in property prices across India and a crisis in the availability of space escalate the need for self-contained flats. Hope, it’s your time to probe for 1 BHKs.
