Independent home or an Apartment

August 29th, 2007

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After a series of articles on home appliances (which probably got a little monotonous :) ), I decided to write a few general articles while retaining the overall theme of “house to home”.

Today, I am touching upon the topic, “independent home/Apartment”.

I know that given a choice, anybody would go for an independent home, well almost. But the shooting real estate prices and lack of security have caused many to consider the apartment option.

Typically, an apartment offers the home owner a space with essential rooms in it.

  • A Hall/dining room
  • A kitchen
  • A bedroom (possibly with attached bathroom)
  • A bathroom

Bedrooms offered depend on the package and can range from 1 to even 4 with choice of individual attached bathrooms.

The number of bedrooms determines the price of the apartment and you can chose based on your budget limits.

Apartments also offer an option of a car park for which the users need to pay extra money. The car park can be an open, or a covered car park and this depends on the builder/promoter of the apartment.

Apartments also are usually housed in multi-storey buildings. So an elevator is pretty much a given. These facilities like elevators, common area cleaning, security guard and so on, attract monthly maintenance charges which the apartment association collects from home owners. This can vary between 500 rupees a month to even 2000 rupees a month.

An apartment offers convenience to its owners because lots of common facilities tend to open up nearby like supermarkets, vegetable markets etc. Also service providers like cable operators, newspaper agents, milk vendors, cloth ironing services all are easily accessible.

What apartments lack and usually independent homes tend to offer is privacy. For people who want a serene atmosphere with not much of distraction from neighbours, an individual house is a good option. Of-course the price is a considerable deciding factor here.

What individual homes lack the most is perhaps security. The uber rich Indian families deploy home security guards and gadgets which give them some peace of mind. But this only further adds to the cost.

Common payments such as property tax, water tax, electricity bills etc., are easily paid out if one is living in a community. For individual home owners this is something of a bother.

To summarize, if you are a privacy lover and feel that no builder can give you interiors which matches your requirements, and of-course you have some money to buy a piece of land to construct your dream home - Individual home is the way to go.

Else there is an apartment out there waiting for you to purchase it :)
 Comments on this article are most welcome.

ciao

Vivek



One Comment to “Independent home or an Apartment”

  1. Choosing an apartment or flat in India - Pros and Cons | Aavaas | December 7th, 2007 at 10:43 pm

    […] Independent home or an Apartment   […]

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