2 BHK Flats in Mohali | 2 Bedroom Flats for sale in Mohali

3 bhk or 2bhk in Mohali – The smart choice

3 bhk or 2bhk in Mohali – The smart choice

Are you on a hunt for a house

to transform it to your home? Are you stuck on the ‘2bhk or 3bhk’ ? You are not

alone.  Deciding on buying a home is a big deal in itself and the process

is stressful for most home seekers. The looming puzzle whether to buy a small

place at a low budget or a bigger place by shelling out a couple more bucks has

us in a frenzy. If you need a little help to weigh in the factors, we are here

to help you with the significant elements that you need to look into while

making the right decision.

Space matters

First and foremost, why do we

buy a home? We do so to primarily accommodate the family with comfort and ease.

Thus it is a good reason to keep that as priority one. The number of members in

your family counts, plus if you need to accommodate guests occasionally, that

also has to be held in mind. The world is boiling down to nuclear families that

have brought in a rising demand for 2BHK and 3 BHK homes. If you have a family

of 4, 2BHK looks like a compact option. But if you have a larger family, 3 BHK

is imperative or else it becomes a big rush as the kids grow up. In both cases,

3 BHK would be the winning choice, since an extra room always comes handy when

you have guests coming in or even when grandparents and other family members visit.

Monarch Homes

Cost

Once we have the space issue

thought over, the next important factor is the cost of the place. It is obvious

that 2BHK homes will cost lower than its counterpart, but the question is, is

the price of each justified? The cost difference isn’t so much. Assuming a 2BHK

costs 29.90 lakhs, a 3 BHK might cost you around 39.90 lakhs. The difference

can pay off for the space that you gain. You can opt for home loans if you

think you can manage since the amount isn’t a big difference from that you would

be spending on a 2BHK.

Home loans

We are blessed to be living

in times when home loans are great deals for those looking to buy a home.

 With home loan rates starting aprox from 8.65%, it is a very viable

option. Choosing the kind of loan will depend on the size of the home that you

have in mind. If you feel confident of repaying the amount within the

stipulated time, you can choose the cozier option of a 3BHK as that will be a

solid investment. If the repayment and loan rates are hard to catch up with, a 2

BHK would be ideal. It also depends on the locality and the facilities that you

seek for your home.

Investment

Buying property can be for

different reasons, you might want to house your family or buy it as an

investment to reap benefits in the future. You can buy a home now at a lower

price and let capital appreciation work for a couple of years and sell it at an

elevated rate.

Future prospects

Always think about the future

of your property before you jump in to make a purchase. You need to look into

the resale value for the property. A 2 BHK home is easier to sell in a city area

since there is a large population on the lookout for smaller places to invest

in. A 3 BHK, however, can earn you a higher price tag on sale, and appreciation

over the years can boost the value of the place many times.

Investment

Buying property can be for

different reasons, you might want to house your family or buy it as an

investment to reap benefits in the future. You can buy a home now at a lower

price and let capital appreciation work for a couple of years and sell it at an

elevated rate.

Future prospects

Always think about the future

of your property before you jump in to make a purchase. You need to look into

the resale value for the property. A 2 BHK home is easier to sell in a city area

since there is a large population on the lookout for smaller places to invest

in. A 3 BHK, however, can earn you a higher price tag on sale, and appreciation

over the years can boost the value of the place many times.

Documentation

When you buy your first home,

you may not pay much attention to the paperwork. The papers and documentation

are very much the same for 2 BHK and 3 BHK with only minor differences.

 The title deed or absolute sale deed is the most important document, and

is the record of transfer of ownership to you. This document is registered at

the sub registrar’s office of the region where your property is located.

Practicality

At the end of the day, it all

comes down to your convenience. If you are looking to buy a place in a metro

city, 2BHK will be an ideal choice as it is cost effective and accessible to

all places of business as well as your office. A 3 BHK should be thought as

essential only if you have a large family, or have guests coming in frequently.

It is also a luxury if you want some space for your own, like a study. If

your dilemma is the resale value, a 3BHK would be an ideal choice because it

reaps higher benefits as years pass by.

Conclusion

In conclusion, choosing

between a 2 BHK and 3 BHK should boil down to the space you need and the amount

you are ready to shell in. You should know that you are making an investment,

so set aside the thoughts of saving a couple of bucks temporarily, and choose

wisely.

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MONARCH HOMES

GILLCO VALLEY SECTOR 127 KHARAR MOHALI

CONTACT NUMBER : 9323700009