Vinayak Realtech

Choosing a home is not walking in a park. It involves many questions such as the locality, affordability, comfort, legalities, and so on. The kind of property one wants also takes a significant amount of attention. It means, that whether the property will be a flat or an apartment, consumers get confused about this. Some people think both are the same while some of them get confused about the pros and cons of both.

Here, in this article on Flat vs Apartment, I am going to provide the definition and pros and cons of both so that, you can make a more informed decision. So, let’s get ahead folks!

 

Flat vs Apartment: What is the difference between a flat and an apartment?

 

Flat	Apartment
The flat is basically a one-storey property.	An apartment is usually a multi-story property.
Flats are generally one, two, or three BHK.	Apartments are luxurious properties. So, one can customize the number of rooms.
Flats are the smaller part of a bigger society.	The apartment is a customized residence designed in a better locale with several households.
Flat is a British term.	Apartment is an American term.

 

Flats are basically, a little part of a big society while apartments are big property in itself. So, naturally, a flat consumes a much lower space than an apartment. As a result of it, flats are less expensive than apartments. According to many builders, low or middle-class people can afford a flat easily. However, having an apartment is only the job of rich or upper-middle-class people.

So, it is evident that one should pay a significant amount of attention to the budget before deciding on the property type. Let’s dive into the pros and cons of both types so that, you can make an informed decision.

 

Flat vs Apartment: Advantages of buying a flat:

1. Affordability: As flats consume much less space than any other form of property and the cost price gets divided among many buyers, one can get a flat at an affordable price in a prime position. For example, one can get a 2 BHK flat in Rajarhat if they connect with Vinayak Realtech. However, at this price, at this location; any other form of real estate property is pretty impossible.

2. Maintenance: Every housing has a managing committee and they take care of the maintenance works. One just needs to pay for it. So, flats are very easy to maintain. Even if you don’t live in that particular city, the maintenance work will be continued.

3. Neighbours: As flats are just a little part of a big society, you will never be alone here. If you want, you can go to the park (inside the campus) to meet your neighbors and make new friends. This helps aged and lonely people a lot.

4. Flexibility:

Most of the housing projects have good security systems. For example, if you buy a flat from Vinayak Realtech, you will get all the updated security technologies in the amenities of the flat. So, if in future you get forced to leave the city, you will be able to do it peacefully, without any worry about your flat.

 

 

Flat vs Apartment: Advantages of buying an apartment:

1. Privacy: Generally apartments are built with a large area inside and outside the builder to ensure the best security features. This helps the owner to enjoy undisputed privacy.

2. Space: Unlike flats, apartments have much larger spaces inside them. Once can customise the number of rooms and decorations.

3. Amenities: As apartments have much larger spaces with a number of rooms and stories, so, it is expected that in-house amenities will be much better here. However, it does not have common amenities like flats.

 

Disadvantages of buying a flat:

1. Lack of privacy: One of the best parts of a flat is the neighbors. However, these neighbors can be nosy and can be a reason for your lower privacy. Apart from that, as flats have common walls, many times, one can easily listen to all the chats from the outside of the flat. This is obviously, one of the biggest drawbacks of flat.

2. Not suitable for big families: Due to the smaller space, flats are ideal for nuclear families only. However, if you have a big family, you should go for a home or apartment.

3. Lesser control: You can make changes side your flat but you can’t do anything on the outside without the consent of others. This reduces the flexibility or the control of the property when it comes to flat.

 

Disadvantages of buying an apartment:

1. Higher maintenance issues: As you are the single owner of the property, you have to take care of the whole property. So, the maintenance cost gets higher in this case.

2. No tax benefits: If you buy a flat with a home loan, you get a significant amount of rebates in the taxation. However, as properties like apartments are luxury properties, so, you will receive no tax concession for this.

3. Loneliness: Every good thing comes with some bad. The larger amount of carpet area helps in getting the required privacy, however, it comes with the cost of loneliness. You will not be able to enjoy the company of any neighbors.

 

Some common FAQs:

How can buy an apartment in Kolkata?

Well, if you want to have a multi-story apartment in Kolkata, that is literally impossible because it takes up a lot of space. However, if you search for it on the outskirts of Kolkata, then you can find it easily. I would suggest you connect with Vinayak Realtech for this. They will guide you rightly.

 

How can I find my dream property?

To get your hands on your dream property, you have to first decide the type of property you want and then you have to decide the budget. Remember, you need to be very practical when it comes to real estate. So, make a balance between your expectations and budget.

After this, you can start searching on the internet or you can connect with any trustworthy builder.

 

What is the checklist if I want to buy a flat?

There are several things that you should have a check before you make the final payment and the things are:

• The legalities of the property
• Papers of the property
• Legalities of the land
• Locality and law & order
• Construction quality

 

I would suggest you hire a lawyer to take care of your legality part and trust only a reputed builder. 

 

Which one is better, a flat or an apartment?

Both types have their own advantages and disadvantages. So, giving a verdict is a difficult task. For example, if you want to have a property under budget, then you should go for a flat while if you want space and have a budget, an apartment is the ‘right one’ for you. Take ample amount of time, do in-depth research, and invest thoughtfully.

 

Wrap up:

Buying a home is a dream come true for many. Additionally, it is a lifetime decision. So, one needs to be very cautious before deciding on the property type. Hopefully, this article will help you out with this. Best of luck folks! And do not forget to connect with Vinayak Realtech for more help.