Why Investment in 2 BHk Flats in Patna is better over 1 or 3 BHK flats?

For a middle class person, making investment on real estate industry is indubitably the most costly purchase. For a home buyer, it’s quite genuine to think profoundly before making any sort of investment in flats in Patna. Selecting the type of property (say 2 BHK flats in Patna or else), according to the requirement involves a great magnitude of research onto the real estate trends.

Talking about today’s date, it would definitely not be wrong to say that for home buyers, wide range of options are available including standalone apartments, independent houses, row houses, luxury villas and gated community apartments in Patna.

According to the realty experts statements,

Buyers these days are more preferring apartments rather than those of luxury villas and independent houses because of the capital required to purchase these.

When it comes to apartment, it’s major advantage is it’s wide availability in different price ranges. Apartment’s such pros make it a suitable option for varied income groups. Among all types of apartments available, always an inclination has been felt towards the 2 BHK flats in Patna for the middle class people because of several reasons.

According to the latest survey, around 40% of the people in Patna prefer 2 BHK flats among several other options available.

But only providing you guys with stats of people preferring 2 BHK flats in Patna is not enough, we understand these. As we are aware of the fact that real estate investment is highly tricky and any wrong decision can spoil your entire bank balance.

We because of this, have discussed here why buying 2 BHK flats in Patna is the best real estate investment option and why 1 BHK and 3 BHK flats in Patna are not the best.

1 BHK as Real Estate Investment

One of the biggest disadvantage of 1 BHK flats in Patna is the fact that target audience of 1 BHK are usually the people from the lower strata of society. When it comes to real estate, generally investors have been notified interested in dealing with middle class. 1 BHK is not preferred for real estate investment as one may encounter issues while renting out or getting his/her house vacant.

What’s more, you can get 1 BHK flats in Patna only from small time builders with dubious reputation. Any known or reputed builder will never provide 1 BHk flats in Patna in the apartment complex. Besides from these, there several other reasons are also liable such as burden or common amenities, people usually refer to stay with people of similar income group. Last but not the least, appreciation rate of 1 BHK flats in Patna behind several other unit size.

So, these were the reasons why people don’t prefer 1 BHK flats in Patna regarding Real  Estate Investment.

3 BHK Flats in Patna as Real Estate Investment

One factor which realty experts have notified working against 3 BHK flats in Patna is rent differential.

Yes… you heard it right!!

3 BHK might cost 50% more than that of 2 BHK flats in Patna, however rent different is hardly 20%. It is simply not an ideal scenario for investor. Despite of the fact that investors buy for appreciation, potential rent earning is still referred as a key factor while deciding unit size.

Currently, builders are playing damn smart.

They are providing 3 flats in Patna of 1200 sqft that is technically ideal size for 2 BHK. So, here via converting 2 BHK to 3 BHK, builders actually play with Psychic of a person and thus charge premium.

1200 sqft 3 BHK flats looks highly congested and thus is very difficult to rent or sell.

Despite of all the aforementioned facts, 3 BHK is still referred luxurious and do owns a limited target audience. For 3 BHK flats in Patna, target audience is usually a family with 2 kids or with old parents.

2 BHK Flats in Patna – Best Real Estate Investment

No need to think even twice… The award for best real estate investment goes to 2 BHK unit size. And we are not just saying it seeing the stats, but seeing the testimonials of the buyers who had gone for 2 BHK flats in Patna.

Some of the factors proofing 2 BHK flats in Patna the beat Real Estate Investment option are as follow:

Target Audience

Realty experts have reported target audience of 2 BHK flats in Patna much wider than that of the 1 BHK & 3 BHK unit size. For 2 BHK flats, typical target audience is Nuclear family with or without kids/parents. Seeing change in socio-economic dynamics of the society and swelling in the migrant population, assumptions are high that demand of 2 BHK flats in Patna will for surely sky rocket in coming days.

Affordability

When it comes to affordability, 2 BHK flats in Patna is indubitably superior than those of several others. 2 BHK flats are easy to rent or sell because of affordability. Several big & reputed property developers in Patna have been reported doing increment in the share of 2 BHK units in their respective upcoming projects. Besides from all this, some builders in Patna are even launching projects with concept of Premium 2 BHK units, which are intelligently priced between 2 BHK & 3 BHK flats in Patna. One such construction company in Patna is Saakaar Constructions.

Saakar Constructions, being the best real estate developers in Patna, ensures you of providing with luxurious 2 BHK & 3 BHK flats in Patna. Currently, the company is running numerous housing projects in Patna. So, if really in seek of residential apartment in Patna, refer Saakaar.

Two is better than one

This point is for those who wants to buy 2 BHK flats in Patna for investment purpose. Realty experts have claimed two units of 2 BHK having much higher capital appreciation is comparison to the one unit of 3 BHK. This completely depends onto the demand & supply scenario.

Rent from two units of 2 BHK flats in Patna will always be much higher as compared to the 1 unit of 3 BHK flats in Patna.

Be Practical

For those who are on sort of job which is not permanent, it is always advised to go for 2 BHK flats in Patna. Reason behind our this recommendation is the fact that in a case if one purchase 3 BHK flats in Patna and then because of deputation in any other city shift their, it becomes difficult to rent 3 BHK and comprised on rent. In this type of situation, sometimes the house owner have to give their 3 BHK flats in Patna at rent on money equivalent to 2 BHK. Thus, it is suggested to buy 2 BHK flats in Patna in a case if your job is mobile.

2 BHK flats in Patna can be easily put on rent or sell.  

Maintenance

When it comes to maintenance, then it’s really important to stay aware of the fact that maintenance cost of 2 BHK flats in Patna is much lower than that of 3 BHK there.

Thus recurring hole in pocket is less.

Maintenance based on per sqft model of 3 BHK big size flat drastically increases month maintenance charges, leading to decrement in net rent received amount.

Higher maintenance charges means lower net rent received.

So, this was all about why buying 2 BHK flats in Patna is more beneficial than that of 1 BHK and 2 BHK.

Hopefully you like the blog and would like to share it with your family and friends, so that who are confused on what to buy among 1 BHK, 2 BHK or 3 BHK flats in Patna can take the right decision.