The issue of whether to choose a 2 BHK apartments in Thane or 3 BHK flat in Thane frequently comes up when thinking about making a purchase. Some purchasers choose a large apartment, while others opt for a smaller one. In this blog post, we'll look at every factor you should take into account while choosing between flats with two or three bedrooms.
- Budget Constraint
The most crucial factor to take into account while buying an apartment in Thane is your budget. Knowing your budget is crucial since it sets the foundation for your decision-making process. It is important to consider your financial status because the Thane market sometimes has a significant price difference between 2BHK and 3BHK flats.
The prices of a 2 BHK apartment in Thane and a 3 BHK apartment in the same sector, for example, will vary greatly even if they are in the same area.
The price difference between these two options is substantial, ranging from 50 to 60 lacs. If the same flat option is bought, the price difference is 50 and 35 lacs, respectively. This is the usual price difference; however, it may change.
- Enough Of Space
After reading the article above, you could consider purchasing a 2BHK flat given the price difference. But is it sufficient for your family? Your family or partnership may consist of more than five individuals. Will they be content with two BHK?
During the COVID-19 pandemic, everyone learned how vital it was to have a spacious home, therefore if your family is big, you'll need a 3 BHK apartment in Thane. Your children should have enough space to play and roam around the house, and your elderly parents shouldn't have to live in a cramped place.
Instead of feeling like they are in a jail, guests should feel welcome when they arrive at your home. If you live with more than five people in a two-bedroom apartment, there will be a serious lack of space.
- Rental Value and Get Good Resell
When renting and selling real estate, one should consider the demand in the market. Although it may be easier to locate tenants for 2BHK flats due to their affordability, larger properties, like 3BHK, are usually in more demand. This may impact the resale value of your investment. However, it is easier to sell 3 BHK houses in Thane than 2 BHK flats due to the rising demand for 3 BHK homes there and buyers' desire to move into a larger property after COVID-19.
- Nice Option of Customization
One of the key advantages of a three-bedroom property in Thane is the extensive customization options it provides. If you have additional space, you may add utilities and decorate your home as you see fit.
- Maintenance Of the Home
Because two-bedroom apartments require less maintenance than three-bedroom property in Thane, tenants prefer to own them.
- Loan Amount
The amount of your loan or mortgage has a direct effect on the size of your home, therefore you should consider that. If the maximum loan amount is larger and the interest rate is reasonable, a three-bedroom apartment could be the best choice. However, if the loan amount is smaller and the interest rate is relatively higher, a three-bedroom apartment can be beyond your means. In this case, a two-bedroom apartment would be the most economical choice.
Main Reasons to Buy Properties in Thane At Mumbai
The residences in Thane's new launch projects provide several advantages. Let's examine each of the elements listed below in more detail:
- Highest Supply Growth: Thane has had the most rise in supply in comparison to other Thane areas.
- Top Rental Rise: It has had the highest rental rise among all Thane neighbourhoods.
- High Returns on Investment: The area offers substantial returns for both buyers and real estate investors, with capital values increasing by 21.62% yearly.
- Affordability: Real Estate in Thane are more reasonably priced than those in other areas of the National Capital Region (NCR), drawing in budget-conscious purchasers.
- Housing alternatives: A large range of housing options, including apartments, villas, and planned developments, are available to suit various homeowner tastes.
- Employment Hub Proximity: The neighbourhood’s good connections to major employment centres in Delhi, Noida, and Greater Noida make it appealing to commuters.
- Investment Potential: The potential for future property in Mumbai value rises attract investors to the area.
- Green spaces: Compared to the busy city centre, Thane offers more open spaces and greenery for those seeking a more tranquil way of living.
- Government measures: Government policies and measures to support real estate development have contributed to the area's growth.
- Developer Projects: Thane has seen investments from several real estate developers who have contributed modern amenities and well-designed communities.
Conclusion
If you have the money and want a great apartment with all the facilities, go for a 3-bedroom flat in Thane. However, if money is tight, you should go for a 2-bedroom apartment. The cost of the 2 BHK and 3 BHK flats in Thane differs noticeably. For those who choose to buy flats in Thane at the best and most affordable price available.
So, buying the property through InvestoXpert gives many benefits. We offer high-rated and trusted assistance in hassle free property buying. Contact is today!!!
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