At present, the property prices in the prime locations of the cities are too high, which mid-level people are not able to afford. Hence to meet the demand and to offer homes at affordable prices, real estate builders and developers started building properties in the suburban regions and outskirts of the cities.As these locations have huge availability of land at cheaper price when compared with the prime locations of the cities.
One of the buyers say that he is looking for a 2 BHK house within his budget in a good location that is close to schools, shopping malls, parking place, and playground. But, usually real estate agents advise him either to increase his budget or to go for properties in suburb areas. He also added that he doesn’t have any problem in choosing property in outskirts but he is hesitant because he has not come across many people who invest in properties in suburb locations.
But, how confident are buyers to invest in properties in these locations, here are some comparison of advantages of buying home in cities centers and suburbs that may help one to choose the best place to invest and find the right property.
Benefits of investing in properties in peripheral areas of the cities
Property cost: Generally, availability of land in outskirts area of the cities is huge hence the buyer will get more area for less price like one may buy a 3 BHK flat with a garden at reasonable price while for the same price one will get 1 BHK flat in the cities centers.
Security: Many studies reveal that the suburbs are more secure and safe places to reside compared to key places in the citiesas the population in city is more chances of crime is more. While in suburb localities that are smaller people know each other in their neighborhood and will have vigil on your house and kids when you are away, which is very rare in cities.
Easy Shopping: Most of the suburban projects have shopping complex within the apartments hence shopping becomes easy. Furthermore, many commercial projects with all facilities like hassle free parking are also being launched in the outskirts.
Open spaces for more activities: The suburbs offer huge open space like parks and community centers for home buyers.
Benefits of investing in properties in city centers
Utilities: The major benefit that one will enjoy in the city centers is the convenience of all the amenities at their doorstep hence have to pay high prices for property.
Customary neighborhoods and services: The cities centers have well-planned facilities and services that includes infrastructures, shopping malls, eateries, educational institutions, hospitals etc.
Accessibility: Many types of public transport to commute to any places where it is not necessary for one to own a vehicle whereas in suburbs it is essential to have a private vehicle.
These are just a few pros and cons of investing in property in cities centers or suburbs; however you have to make your decision of investment on other perspectives as well like return on investment price appreciation and many others.
One of the buyers say that he is looking for a 2 BHK house within his budget in a good location that is close to schools, shopping malls, parking place, and playground. But, usually real estate agents advise him either to increase his budget or to go for properties in suburb areas. He also added that he doesn’t have any problem in choosing property in outskirts but he is hesitant because he has not come across many people who invest in properties in suburb locations.
But, how confident are buyers to invest in properties in these locations, here are some comparison of advantages of buying home in cities centers and suburbs that may help one to choose the best place to invest and find the right property.
Benefits of investing in properties in peripheral areas of the cities
Property cost: Generally, availability of land in outskirts area of the cities is huge hence the buyer will get more area for less price like one may buy a 3 BHK flat with a garden at reasonable price while for the same price one will get 1 BHK flat in the cities centers.
Security: Many studies reveal that the suburbs are more secure and safe places to reside compared to key places in the citiesas the population in city is more chances of crime is more. While in suburb localities that are smaller people know each other in their neighborhood and will have vigil on your house and kids when you are away, which is very rare in cities.
Easy Shopping: Most of the suburban projects have shopping complex within the apartments hence shopping becomes easy. Furthermore, many commercial projects with all facilities like hassle free parking are also being launched in the outskirts.
Open spaces for more activities: The suburbs offer huge open space like parks and community centers for home buyers.
Benefits of investing in properties in city centers
Utilities: The major benefit that one will enjoy in the city centers is the convenience of all the amenities at their doorstep hence have to pay high prices for property.
Customary neighborhoods and services: The cities centers have well-planned facilities and services that includes infrastructures, shopping malls, eateries, educational institutions, hospitals etc.
Accessibility: Many types of public transport to commute to any places where it is not necessary for one to own a vehicle whereas in suburbs it is essential to have a private vehicle.
These are just a few pros and cons of investing in property in cities centers or suburbs; however you have to make your decision of investment on other perspectives as well like return on investment price appreciation and many others.
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