Are you thinking of buying your new home? Are you torn between choosing an apartment or a land house? Then you are at the right place. Whether looking for a place to live or rent out, finding the best fit is always trickier. In Pakistan, many traditional families or buyers think twice before considering buying an apartment. Apartment vs. house? Which is the best option? Let’s discuss.
What is A House?
A house is a single-unit residential building on the ground with multiple stories. Most Pakistanis prefer a house because it gives them more space and freedom. Houses on the ground give assurance that the owner can do anything in their space. However, the houses need more maintenance and repairs.
What is an Apartment?
An apartment is a residential unit or space that is a part of one or more residential buildings. Apartments are basically vertical buildings where more than one story accommodates more people. The building complex for apartments can be a commercial building as well because of the number of units it accommodates.
The building having multiple apartments is often called an apartment complex, apartment block, flat complex, or high rise. As the millennials and Gen Z are entering the real estate market, the demand for apartments has increased in Pakistan.
Pros and Cons of Living in an Apartment vs a House in Pakistan
In many developed countries, the trend of living in an apartment is high. Now, it is also trending in Pakistan as the new generation prefers modern and luxurious living.
Pros of Living in an Apartment
It is true that houses give you full land ownership, but apartments only come with one portion. Yet, there are many advantages to living in an apartment. First, the building management will be responsible for maintaining shared amenities, common areas, building systems, and other relevant things. Moreover, the maintenance costs usually get subsidized by the common charges and the rent. It reduces the cost of renting an apartment. Here is a list of a few benefits of living in an apartment:
- 24/7 Security
- Affordability
- Broad-Buyer Potential
- High Rental Value
- World-Class Amenities
- Low Maintenance
- Highly Prime Location
24/7 Security
Apartments come with the advantage of security, which is the big thing. In any neighbourhood, there are chances of robbery, but in apartments, management provides security. 24/7 on dut-personnel and CCTV cameras eliminate the possibility of any external intrusion. Also, fire extinguishers are also installed to protect the residents from any kind of hazards.
Affordability
Apartments provide an opportunity for investment, which costs less than an independent house. Currently, there are many apartment complexes that come with luxury and affordability, like Union Luxury Apartments.
Low Maintenance
One of the main perks of living in an apartment is the low cost of maintenance. Most of the apartments are now offering in-house maintenance teams to the residents.
High rental value
It is no surprise that apartments are a great source of generating income through renting. It is a good way to enjoy consistent rental income. Many people prefer to live in apartments to get more security and assurance. That is why the demand for rent is high for apartments.
Broad Buyer Potential
Apartments in Pakistan have greater resale value because of a wide range of investors and buyers. Union Luxury Apartments utilises a great marketing strategy, including social media, online listings, and digital marketing strategies, to reach larger audiences.
World-Class amenities
Many homebuyers are opting for the apartments because of the amenities they provide. The apartment amenities cover luxury, well-being, sanctuary, and convenience. When you are choosing an apartment, you must check for the list of amenities it provides. Some apartments come with a gym, sauna, park, and spacious parking lot.
Prime Location
Working individuals and families look for connectivity when they are buying any residence. They prefer to look for a prime location where they can reach their offices, universities, schools, and hospitals easily.
Cons of Living in an Apartment
Apartment living includes limited space as compared to a house. If you are buying a studio apartment, you will have your bedroom, kitchen, and hall all in one space. If you are buying a bedroom hall and kitchen apartment, then that’s all the space you will get. You might have a lack of privacy because the entrance and driveway will be shared.
Independent House
An independent house is a standalone property built on a land plot. It is an attractive option for many investors or buyers who want to own a spacious house and also get more flexibility to renovate or customise.
Pros of Living in a House in Pakistan
Being a house owner in Pakistan, you have full authority over maintenance. If you’re aware, you can perform the minor repairs yourself or hire the professionals for the work.
Flexibility to Renovate or Modify
The best benefit of a house is the flexibility and freedom to modify it as per your liking. You can also demolish your house and build it from scratch. Moreover, you can also expand it vertically to accommodate your growing family.
Exceptionally Extensive
On-ground houses are exceptionally extensive. The independent houses offer you an extravagant space. It can offer you many bedrooms and living rooms if you have bought a big and spacious house. You can provide outstanding home features and amenities with high-end finishes and lavish decor.
Cons of Living in a House in Pakistan
House maintenance can be expensive for an independent house. It can be more expensive if major parts need to be renovated or repaired. Here are some of the drawbacks of living in a house:
In a house, there is always a possibility of theft. You cannot get proper security at the house. You will have to install CCTV cameras and hire security guards, which is expensive. Inadequate security protocols can cause various catastrophes.
You will not get enough amenities in your house. You will have to stretch your budget and get repairs on your house, in-house management team, gym, and sports facilities.
Buying a house is not a low-cost purchase. If you are buying a big house, then it will definitely cost you a huge amount.
Lastly,
Considering the luxury apartments in Pakistan, such as Union Luxury Apartments, is an outstanding choice for residence. If you have made up your mind to buy an apartment, make sure that you check its amenities and location. Buying a house can also be a good choice, but it all depends on what your requirements or preferences are. Many working professionals prefer apartments for rent and for purchase,, but many traditional families go for on-ground houses. Hence, you know the pros and cons of both houses and apartments; now the choice is yours.
