Buying or renting a 1 BHK flat in New Chandigarh is an ideal choice for today’s individuals looking for affordability. If you are thinking to go for 1 BHK in New Chandigarh at a premium location can be expensive, so the buyers move to some far off places to buy a budget flat. The buyers also have another option that is they can opt for 1 BHK flats in Chandigarh at their preferred location that is perhaps priced at a comparatively lower range. However, the choice for 1 BHK flats in Chandigarh for sale completely depends on the buyers’ requirement and preferences. So, there exist some reasons on why buying 1 BHK flats for sale in New Chandigarh could be a good option.
You can also go for 1 BHK flats for rent in New Chandigarh. Affordability is a factor that weighs more than anything. Needless to say that 1 BHK flat in New Chandigarh is much more affordable than a 2 BHK unit. For a first time, a home buyer who is tight on budget, 1 BHK flats for rent in New Chandigarh or sale is an ideal option to buy. Affordable means less price range, smaller EMI amount and a smaller down payment amount. Moreover, 1 BHK flats come under the affordable housing segment which is linked to subsidised home loan scheme. Voila!
Less additional cost is yet another factor as smaller the unit size, lower would be the additional costs associated with the unit. As compared to a 2 BHK unit, 1 BHK flat in New Chandigarh have lesser maintenance and utility charges as well as gets lesser property tax.
Demand and supply is one of the biggest factors. The current market trend reveals that 1 BHK in New Chandigarh are less preferred as compared to 2 BHK units by the home buyers. The demand for 1 BHK units is on a much lower side than the other specifications. The lower demand implies that the buyers preferring 1 BHK have loads of options to buy from. This also means that the buyers can get their choice of the unit at a much reasonable and negotiated price. 1 BHK flats in Chandigarh is a good investment option. Buying a 1 BHK is a good investment option if the unit is put on for rent. Usually, students, bachelors, young couples prefer 1 BHK flats due to pocket friendly rentals, easy to maintain and also less maintenance costs. Majority of migrants as well prefer 1 BHK apartments due to all the mentioned reasons. In term of rentals, demand for 1 BHK flats is high on demand and therefore 1 BHK units are a desirable option for investors to earn a regular monthly income.
