Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > 1 BHK Vs 2 BHK: Why You Should Prefer a 2 BHK Apartment

Loan for Home

1 BHK Vs 2 BHK: Why You Should Prefer a 2 BHK Apartment

1 BHK Vs 2 BHK: Why You Should Prefer a 2 BHK Apartment

The 1 BHK vs 2 BHKunit debate is common among homebuyers on a tight budget, especially first-time buyers looking for an affordable housing option for a small family or a bachelor home. But choosing between the two options will be no easy task. You’ll need to consider property price, location, builder, space, among other factors.

Here are some factors you should think over before zeroing in on a flat.

Planning for the future

As a starter home, a 1 BHK may seem like the ideal combination of affordability and cosiness. However, purchasing a home is a long-term investment. You may think that a 1 BHK apartment has enough space, but if you want to expand your family, it may feel cramped as time goes by. In comparison, a 2 BHK apartmentoffers ample space for a nuclear family to live comfortably.

Market supply and demand

If you’re a bachelor or have a small family, a 2 BHK residence will be the ideal choice.

Why? Because the market for 2 BHK homes usually has more demand, so builders pay special attention to property design and construction. As a result, 2 BHK properties offer better amenities and design options. Thus, on average, you will find a more expansive and better quality 2 BHK property than its 1 BHK counterparts.

Also, if you are purchasing a home purely from an investment point of view, it will be easier to sell your 2 BHK property due to its high demand.

Additional Read: Top 5 Real Estate Brands Offering Duplex Apartments in Mumbai

Cost analysis

It’s no secret that Indian realty is a cost-sensitive market. Price is a significant factor in almost every purchase decision. But if you have a nuclear family or live with your parents, purchasing a 2 BHK offers a more expansive option to meet your space requirements.

Therefore, if you are taking a home loan to buy the property, you can still afford a spacious apartment while meeting your other monthly obligations comfortably.

Affordable maintenance cost

In terms of absolute amounts, the maintenance cost of 1 BHK flats is lower than 2 BHK ones. However, the difference is not as significant, say compared to the maintenance cost difference between a 2 BHK and a 3 BHK property. Besides, by paying a slightly higher maintenance cost, you get more carpet area, which is a wise decision from an investment point of view.

Additional Read: Top Properties in Mumbai with Minimum Maintenance Charges

In conclusion

Whether you want to purchase an apartment for investment or live with your family, a 2 BHK flat is the ideal choice. With ample space and good appreciation value, a 2 BHK home is the goldilocks of apartments – not too expensive yet spacious!

Get the perfect 2 BHK home with Tata Capital

Tata Capital offers home financing of up to Rs. 5 crores at interest rates starting at just 6.90%. With our high home loan eligibility, you never have to settle for anything less than perfect. What’s more, you can use our home loan EMI calculator to estimate your potential EMIs.

So, what are you waiting for? Check out the Tata Capital website or visit your nearest branch today.

Apply For House Loan

Say Hello to Your New Home with Our Easy Home Loans!

Apply now
Popular Searches
anyror modt charges 712 utara online gujarat pre emi calculator earnest money deposit Goa Land Record earnest money khasra number meebhoomi Assam Land Record
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.