What Makes 2BHK The Best Real Estate Investment?

Homeowners look out for apartments that has low maintenance and provides long-term benefit. However, the real estate market is fluctuating, and it becomes difficult to decide where to invest. Home-buyers have three options for investment, 1 BHK, 2 BHK and 3 BHK, and you can also go for Duplex.

 The developer, area and location of the apartments determine the price. It is also dependent on the size of the family. Depending on the number of members and affordability, you need to determine the size of the apartment. While small families with low incomes buy 1 BHK apartments, larger families with a higher income go for 2 and 3 BHK apartments. However, you should know, that 2 BHK apartments are the best option for you. Although you can buy 1 BHK and 3 BHK apartments, they do not provide the same benefits that you can get from the 2 BHK apartments.

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Usually the low-income groups go for the 1 BHK apartments. The values of these apartments are not too high, regardless of the location. The small builders deal with 1 BHK apartments and normally, these are purchased by the end users. Going by the price, 1 BHK apartments lag behind other apartment sizes. Investors usually go for 2 and 2 BHK apartments. Therefore, you might find it difficult to sell off the property.

 The values of 3 BHK apartments are much higher, and they cost much more than 1 and 2 BHK apartments. People from the higher income groups usually purchase these apartments. These are purchased by the richer class, who want more luxury and space. The rental value of these apartments is much higher. The prices of 3 BHK apartments are about 50% higher than 2 BHK apartments, but they generate only 20% more rent than 2 BHK apartments. Therefore, if you are willing to rent off the homes, it is wise to go for 2 BHK apartments. 

 The 2 BHK apartments have a greater target audience, as small families or nuclear families usually buy these homes. Evidently, these apartments turn out to be the ideal choice to invest in. These are also suitable to be rented off.

In terms of affordability, 2 BHK apartments are a better choice than 3 BHK apartments. Besides, you can easily sell them off, as they are affordable. Besides, the prices of 2 BHK apartments depend on the location of the area. The location advantages play a key role in determining the prices of these apartments.

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People seeking homes for rent are more likely to go for 2 BHK apartments, given that 1 BHK homes are too small for a standard family and 3 BHK homes are too luxurious. Therefore, it is wise to go for 2 BHK apartments, when you make the purchase.