Top reasons you choose a 3BHK Flat for your new family

Owning a home is a dream that everyone has at some point in their lives. Buying your first home is not easy especially when it requires you to put in all your hard-earned savings. It takes years of planning. One such important factor, while buying from a real estate company in Lucknow that can become an important consideration for you is the size of the house – whether you should buy a 3 BHK or a 2BHK for your new family? Are you confused which one will be perfect for your family? Read below why a 3 BHK will be better for you and your family:

More Space

An obvious visible difference between a 3 BHK house versus a 2 BHK house is the extra bedroom space that the former provides. Everyone wants to live in a house which is spacious, have more room to roam about and relax and can be considered for several other purposes. Consider the size of your family, how many members will be moving in? Do you plan on hosting often? Do you plan on creating a home-office? All these considerations will allow you to make a decision in favour of a 3BHK.

Cost Benefit

In the current economy, the fact is that buying 2 BHK is not too cheap in comparison to investing in a 3 BHK apartment. In case you have made up your mind for buying 2 BHK, why not spend some extra amount and buy 3 BHK? The reason is that while the cost will increase slightly, the benefits that you can get by that increased cost are manifold. In case you are planning to take financial aid in the form of bank loan, getting a better deal on your loan is easier when you are buying a 3 BHK.

Appreciated Value

The price of property is rising at an alarming rate. If the trend continues to remain the same, your 3 BHK can easily become 2-3 times of the current value in a decade or so. Imagine the benefit you can get out of this appreciation on a 3 BHK apartment versus a 2 BHK apartment. Many house owners prefer to buy a 3 BHK house mainly for investment purpose as that can yield in high value after few decades.

Think of the Future

While a 2 BHK may look apt for you and your family in current scenario, it may look congested and small keeping in mind the future of your family. You should never buy a house basis the current needs; always think of future aspirations and family needs – especially your growing kids and old parents. Please remember the fact that you may not be able to change your house so easily in future so whenever you want to invest in your house, please do it wisely thinking of the future.

Office or Recreation Space

Many house owners now-a-days don’t shy even creating a small office space or recreation space within their rooms. Pursuing your own hobby and ensuring overall growth of your child can be easily done within your home premises. So in case you have the luxury of an extra room in your house, you may very well convert it into bedroom, study room for your kids, office space for yourself and a multi-purpose room for relaxation and enjoyment.

If you are planning to invest money in your own house, it makes sense to buy a 3 BHK owing to the above main benefits.

Busting Common Real Estate Myths

If you have expressed your desire to purchase residential apartment houses in Lucknow or even just browse through a list, you will be questioned and interrogated on this decision by a number of people who may not even always be family. You will at this point also hear a number of statements and comments that aren’t entirely true. Here are some common real estate myths that should not be given any heed to-

·         Real Estate Investments can be made only by the Rich

Just as a childhood tale, this statement was born due to sheer misconceptions. People often compare the prices of only big cities and urban plots. As a developing country, India offers a number of investment opportunities that are economical and smart. If you do the right research, anyone can find the perfect investment opportunities.

·         A High Level of Risk is Involved in Real Estate Investments

Real estate is plagued by an equal amount of calculated risks as any other form of investment. There is a flip side to every transaction and at some point you will be forced to gamble. However, if you play your odds right you can ensure a better rate of success. The only reason people fear this type of investment is because it requires a larger sum of money than the rest. Considering how a number of people have become millionaires due to such investments and India being a lucrative real estate investment pool, you can make this one of the best investments ever made.

·         The property Next to Business and Trade Centers are the Only Lucrative Ones

Development in India is at its fastest ever. With government support and funding, the market seems to developing in full scale. However, a number of people avoid paying attention to the potential of an area or property and instead go on the face value. Although properties next to areas of interest are popular, they are also expensive. As an investment you will need to keep an eye out for the future potential of the investment as much as its viability today.

·         A Property is best purchased in the Locality itself

This age old belief is today an outdated thought to live by. With the ease and connection provided to us by ways of technological advancements, checking up on the property is not as tough as before. There is no need to physically inspect the property all the time.

·         Real Estate Investors are only Landlords with Generations of Experience

You need not have years of experience before making such an investment. As long as you have the right professional help, you can invest in a property yourself as well. If you manage it right, this investment can be the one that turns tables for you.  

Today purchasing residential apartment houses in Lucknow as a form of investment is no longer a farfetched thought. A number of people are even managing such investments internationally. The changing dynamics of the market and economic landscape has allowed for a change in the fundamental ideology as well.

Demand for New Residential Properties Continues to Rise

In today’s day and age of extreme economic mobilization, companies are tapping in Tier II and Tier III cities to increase growth. Consequently, there has been an upsurge in growth of these so called semi urban cities. Of these, Lucknow, the capital of Uttar Pradesh, is fast shedding its image as a Tier II town and is fast growing into an urban landscape.

The city of Nawabs, Lucknow, has a lot to offer. From arts to culture to architecture to kebabs, the variedness of the city is mind numbing to say the least. However, it would be wrong to call it a city stuck in the past. In fact, the city has this uncanny ability to balance the past and the present with ease, with it being the epicenter of economic activity of the state.

Consequently, there has been a rise in demand for housing. More and more companies are sending their people to Lucknow to tap into the massive market potential and it has resulted in an influx of people in the city. This has resulted into massive congestion in the city centre. In fact, Lucknow’s city centre is the most difficult place to land up a flat in Uttar Pradesh.

The problem of housing is then tackled by the shifting of focus from the city centre to the urban areas. So much so that even the city’s authorities, perturbed by the fact that Lucknow is most difficult place to land up a flat in Uttar Pradesh, are concentrating on the infrastructure of the suburbs. This has lead to many residential projects coming up in these peripheral areas.

These projects offer various types of accommodation and it is now possible to land up even 3 bhk flats in Lucknow thanks to these projects. Ordinarily, 3 bhk flats in Lucknow cost a fortune, but the suburbs offer reasonable prices. So the influx of new people as well the existing population, now have the option of buying up flats at different locations in the suburbs at reasonable prices.