One of the most rewarding and reliable types of investments is real estate, without a question. Although investing in residential real estate is now almost associated with doing so, there are other options. Land investment has long been a well-liked alternative in India, and recent trends have indicated a sharp increase in demand due to its swift appreciating value and the freedom it affords. Buying a standalone property gives one the freedom to build a home that suits their tastes and financial situation. Here are some reasons why investing in a plot should be at the top of your priorities if you’re considering real estate.
Low Property Tax – Whether a property owner owns a residential home or a piece of land, they must regularly budget for property taxes. The property tax for land is far less than what it is for a building. Therefore, from the perspective of an investment, you’ll save money not only when you buy a piece of land initially but also over the long term while paying taxes.
Low Maintenance Costs – Whether you plan to live there or not, you will still need to pay for the upkeep. Some of these expenditures are incidental, such as those for plumbing, electrical, and reconstruction difficulties, while others are set, such as the maintenance fees levied by housing societies. However, there is no maintenance expense with the piece of property.
Greater Flexibility – When buying an apartment, purchasers are frequently limited by the architect’s vision for the building. The property can only be modified in a limited number of ways, and modifying the layout is not an option. In contrast, a block of land can be used as a piece of canvas to build and design your ideal home.
Unquestionably, purchasing a piece of land is among the safest investments for individuals looking for great returns with little risk. Additionally, gated communities offer better amenities compared to a single location. Additionally, even though it takes a lot of effort and work, building your own home could be less expensive than buying a plotted complex from a developer.
Check out Aparna Dharti to find your perfect plot to build the house of your dreams.