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Which is better for investment 2BHK or 3BHK?

Which is better for investment 2BHK or 3BHK?

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Which is better for investment 2BHK or 3BHK?

Deciding whether to invest in a 2BHK (2-bedroom hall kitchen) or a 3BHK (3-bedroom hall kitchen) property depends on several factors, including your investment goals, target market, location, and budget. Here’s a breakdown of considerations for both options:

Investment Goals: Determine whether you’re looking for short-term gains or long-term stability. 2BHK apartments might be more affordable and easier to rent out in certain areas, making them suitable for short-term gains. On the other hand, 3BHK apartments often attract families and professionals, providing more stable rental income over the long term.

Target Market: Consider the demographics of your target market. If you’re investing in an area with a high demand for smaller living spaces, such as young professionals or students, a 2BHK might be a better choice. However, if your target market includes families or individuals looking for more space, a 3BHK could be more lucrative.

Location

The location plays a significant role in determining the demand and rental yield of the property. In metropolitan cities or urban areas where space is limited, 2BHK apartments might be in higher demand due to affordability and accessibility to amenities. In suburban areas or neighborhoods with families, 3BHK apartments might be more desirable.

Budget: Consider your budget and affordability. Generally, 2BHK apartments are more affordable than 3BHK apartments, both in terms of purchase price and maintenance costs. If your budget allows, investing in a 3BHK apartment could potentially yield higher returns due to higher rental income and appreciation over time.

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Future Prospects

Evaluate the future prospects of the property. A 3BHK apartment might offer better appreciation potential as it caters to a wider range of tenants, including growing families. Additionally, if there’s potential for redevelopment or infrastructure development in the area, it could further enhance the value of the property.

In summary, there’s no one-size-fits-all answer to whether a 2BHK or  3BHK flats in new Chandigarh is a better investment. It ultimately depends on your investment goals, target market, location, budget, and future prospects. Conduct thorough research, analyze market trends, and consult with real estate experts to make an informed decision that aligns with your investment objectives.

How many square feet needed to build a 3BHK house?

The square footage needed to build a 3BHK (3-bedroom hall kitchen) house can vary depending on several factors such as the layout, design, local building regulations, and personal preferences. However, a general guideline for the minimum square footage required to build a comfortable 3BHK house is typically around 1,200 to 1,500 square feet. This provides enough space for three bedrooms, a living room, a kitchen, bathrooms, and possibly additional utility areas.

Here’s a rough breakdown of the square footage allocation for each room in a 3BHK house:

  1. Master Bedroom: Approximately 150 to 250 square feet. This can vary based on whether the master bedroom includes an attached bathroom and walk-in closet.
  2. Other Bedrooms: Each additional bedroom might range from 100 to 200 square feet, depending on the size and layout preferences.
  3. Hall/Living Room: The living room area typically constitutes the largest common area in the house, ranging from 200 to 400 square feet or more, depending on the desired layout and design.
  4. Kitchen: The kitchen area usually ranges from 70 to 150 square feet, depending on whether it’s an open-plan kitchen or a separate enclosed space.
  5. Bathrooms: Each bathroom might occupy around 35 to 80 square feet, depending on the fixtures and amenities included.
  6. Other Spaces: Consider additional spaces such as dining areas, utility rooms, balconies, or storage areas, which can add to the total square footage.

It’s important to note that these figures are approximate and can vary based on individual preferences, local building codes, and architectural designs. Additionally, some regions may have specific regulations regarding minimum square footage requirements for residential properties. Therefore, it’s advisable to consult with architects, builders, or local authorities to determine the specific square footage needed to build a 3BHK flats in Chandigarh house in your area.

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