When it comes to investment, both plots and villas are a good choice. But when it comes to price factor and design plots are a more flexible option. Bangalore offers plots and villas in every posh locality in every price range and for every buyer type. Investment should be done in property which yields more returns. When it comes to getting more returns, villas offer that advantage.
Investing in plots and villas has its own merits and demerits. Here are the advantages and disadvantages of investing in plots vs villas in Bangalore.
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Plots offer the freedom to construct anything of the buyer's choice.
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Buyers can design their homes or offices as per their needs and suitability.
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Plots do not require high maintenance costs as compared to a villa. These can be covered with a boundary and can be used as per the needs.
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The value of plots appreciates over a period of time. Depending on the size and location the value is set for the land.
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Plots give a good rate of return and also a high resale value. Buyers can take construction space and time as per their budget.
There are certain demerits of investing in plots. Some of them are:
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One of the key drawbacks of investing in plots is that it requires additional time and money in construction.
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Unlike ready-made villas, plots require planning, legal approvals, and extra time. This is a long process for buyers who want a customized house.
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There can be uncertainty in the growth of nearby areas and future residential or business development.
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Plots offer good returns, but there can be chances in which the plots do not get a supply of water and roads are not connected. The trouble of getting basic amenities can cause issues.
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Plots do not offer immediate rental income, and also, the price does not appreciate with time.
Villas also serve many advantages if invested. The advantages of investing in villas in Bangalore are
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Villas are made by the builders and do not require planning and designing by the buyers.
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Villas come with modern amenities like smart designs, lavish interiors, and good areas. The water and electric connections are already ready. Buyers do not have to worry about getting legal approvals as well.
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Villas give buyers instant rental income. These are more promising investments as compared to plots.
The disadvantages of investing in villas are
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The maintenance cost of a villa is high as compared to a plot.
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Buyers get a very limited area for customizing the villa as it is already constructed.
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Not all buyers and investors can buy a villa. Villas are costlier than plots and this becomes one of the disadvantages.
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