Location or Size: What's More Important For A Home Buyer In Thane

Location or Size: What Is More Important For A Home Buyer In Thane

If you’re thinking about buying a flat in Thane, you may have come across many questions wondering what will be the best for you. Every homebuyer would think about their preferences, what would they like to prefer, a small flat downtown or a spacious flat in the suburbs. Size of the flat and where the property is located are the two most crucial factors to be considered which usually don’t always go hand in hand when you plan to buy a flat in Thane. If you opt for a property in the Thane city, it would be like staying in an apartment with crowded areas around. However, if you imagine yourself staying in an apartment or a spacious flat just like a villa with a garden and a swimming pool than in that case it is very likely that it will be quite expensive. Buying a property is an important decision in everyone’s life. So, when you choose between what would you prefer Size or Location? Your preference will depend on your specific needs. Earlier, realtors used to advise homebuyers to just look at the location of the property. However, if buyers are looking at their growing families they may have to sacrifice location if they want a property with more square footage in order to get everything that they need. There are various aspects which need to be considered and it is necessary to have a clear idea of what you are looking for before you make the final decision.

The first question which needs to be answered when you plan to buy a flat in Thane is whether you want to share accommodation or not. If you think of living by yourself, you’ll probably give more importance to location. However, if you plan to live with your family or share your flat with your friends then you might look for the size of an apartment. It is always convenient to give more importance to space you might need when you plan to expand your family when you’re living with your partner. When you have a large family, you definitely need more bedrooms and larger living space. It is sensible enough to sacrifice location over the size of an apartment when you have a large family. Another advantage for spacious apartments is that you get a larger home and would want to enjoy more outdoor yard space for your pets and kids to enjoy.

Sometimes a situation might arise where you want to shift from a larger house to a smaller one because of retirement or for the sake of simplicity, there can be many reasons to shift into a smaller home. In this way, you are saving on utilities when moving to a smaller home. It also depends on the amount of money you want to invest in buying a property. In case you’re young and want to become independent, there is a possibility where you would want to succumb to anything which is not that expensive. Nowadays, there are many options available in the city centre at an affordable price. Extra spacious homes will also help you to build beautiful gardens or swimming pools for you and your family. In this way, you can enjoy privacy as well. It’s practically impossible to find a private swimming pool in a property which is located near the city centre so in this case, you will have to sacrifice the location factor.

Location is one of the vital factors to be considered when you invest in real estate. The condition of any property can be changed. However, one thing you can’t change is the location of the house. Property situated in a good location creates desirability and eventually raises real estate prices and demand. Always, find a neighbourhood where you can see a great future. Do proper research about the neighbourhood but keep in mind that properties located in the best neighbourhoods are going to be expensive. If you consider buying property as your next real estate investment where you plan to rent out your property, the location plays an important role in deciding upon the rental rate. This will determine how profitable the rental will be and affect your rental supply and demand. You should also consider the resale value of the property before investing in it. The location is one of the most important factors in determining a home’s long-term appreciation potential. In future, if you plan to sell your property. If the location is good enough, you will get a good resale value.

When you consider location while buying an apartment which is close to your workplace over a spacious home. This reduces your commute time making it worth sacrificing the size of the house as well as it being expensive. With this, you will get more time to spend with your family and reduce your stress. Another advantage you get when you choose a location over the size is that you can get easy access to certain amenities like public transport, restaurants or hospitals. Remember this, the more away you are from the city centre, the more limited there will be public transportation options for you. If you don’t want to spend time travelling from one place to another, prioritize location over the size of an apartment.

Posted on 6^th Mar, 2020

Tags : buy property in Thane, buy apartments in Thane

Comments : 2 Comments