Studio apartments are a relatively new concept in India, but they are becoming increasingly popular. The majority of young professionals, students, and newlywed couples nowadays prefer to live in a studio apartment because it is affordable and simple to maintain. They are typically constructed in modest spaces ranging from 200 to 550 square feet. They also provide more flexibility than a traditional 1 or 2-bedroom apartment because they have everything in one unit.
We can't deny that studio apartments are preferred by a select number of individuals. They are, nevertheless, in high demand among professional real estate investors and millennials when it comes to purchasing one as an investment. We've discussed a few reasons why a studio apartment is a wise investment in this article.
High-profit margins
According to real estate experts, a studio apartment in a decent neighborhood is a better investment than a larger apartment since it appreciates over time. Furthermore, it is simple to rent out, and the rental value rises over time. A studio apartment's rental revenue is typically 2% higher than that of a 1 or 2-bedroom unit. Furthermore, it is easier to resell and rent because the pool of potential buyers and tenants does not rapidly shrink; rather, it stagnates or grows fast.
Lower capital expenditure
A studio apartment in Greater Noida is a cost-effective option when compared to other residential real estate properties. A studio apartment in a city like Greater Noida can be purchased for as little as Rs 15-20 lakh. This means you'll need to pay a down payment of Rs 1.5 Lakh and the remainder in monthly EMIs ranging from Rs 4000 to 10000 per month, depending on the loan period. Aside from the modest cost, purchasing a studio apartment in Greater Noida requires less stamp duty.
Maintenance costs are minimal.
The cost of upkeep and repair is one of the most prevalent headaches that most landlords confront. When it comes to studio apartments, however, the load is reduced by a factor of ten because there are only a few pieces of equipment and accessories that may require maintenance. A studio apartment is also a good choice for busy people because cleaning takes less time and effort.
Utility costs are lower
Electricity and water bills are less expensive in a studio apartment. Managing the room temperature is also cost-effective. Due to the reduced carpet space, even decorating and interior renovating are considerably more reasonable than in a standard apartment.
Purchasing a studio apartment makes financial sense because it is less expensive and provides a higher return on investment. It is accessible to even young people because of the low EMI and down payment requirements. You may make a consistent income by renting out your studio apartment. In addition, it takes less time, effort, and money to maintain.
We strongly advise you to purchase a studio apartment near a commercial hub or an information technology center because it is in higher demand among young corporate employees and working couples.
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