“Branded” or “Non-branded”, the thought crosses our minds when we are buying almost anything. Even when buying a property, the dilemma goes on just that it changes to 2 BHK or 3 BHK. Living in a city like Pune where property prices are quite steep, making this choice is even more difficult. There are several other factors to consider, such as your present requirements, locality, and future preferences.
A 2 BHK or 3 BHK in Pune will have a lot of price differences. Besides price, let us run through a few pointers that you should consider before buying a particular configuration.
2 BHK or 3 BHK: Your Guide to Choose One
- Requirements
While making a choice you must know your requirements. You may ask yourself simple questions like “why am I buying this apartment?”, “Is it for my use or I would rent it out? You must take into consideration “how many family members will stay in the house?” or “what is the space I will need in my house for now and future?” and so on.
- Apartment Size
One thing you must understand is that the apartment sizes vary in the same project as well as across projects. So, there is a possibility that a 2 BHK apartment may be almost as big as a 3BHK apartment in the same project or other projects. For instance, one builder may offer a 2 BHK of 900 sq. ft. area while another builder in another project may offer a 3BHK of 900 sq. ft. area. In this case, you will need to know your preference – would you prefer to have more small-size rooms or would you prefer to buy a smaller number of rooms but of a larger size.
- Budget
Fixing a budget is primary before deciding on your BHK configuration. Several questions may cross your mind- “should I buy a large-size 3 BHK home in this budget towards the outskirts of the city” or “should I opt for a small-size 2 BHK within the city where prices are higher?”
- Builder Reputation
Builder reputation concerning project delivery and construction quality is of utmost importance. Questions like “Should I opt for a Grade A builder and buy 2 BHK or should I buy a 3BHK by a Grade B builder whose property would be costing less” would need to be answered.
- Understanding the pros and cons
Whether you are planning to buy a 3 BHK or 2 BHK in Pune, there are certain advantages and disadvantages associated with each. Let us understand their pros and cons.
2BHK
Pros:
- Ideal for first-time homebuyers
- Comfortable for couples and nuclear families
- Vast availability
- Easy on maintenance
- Better value appreciation compared to other configurations like 1 and 3 BHK
- Easy to sell or rent out as demand is high
Cons:
- Usually doesn’t have sufficient space for a growing family
- Due to high demand, if not booked early then you may not get the unit of your preference
- Limited scope for carving out additional spaces, if required
3BHK
Pros:
- Ample space within the home
- Best choice for large families due to bigger space availability
- Few come with servant room, which makes it ideal for families with working parents
Cons:
- Not so easy on maintenance
- Relatively Difficult to rent out and sell
- Generally lower return on investment as compared to 2 BHKs
- Rent differential between 2 and 3 BHK is generally low, though a 3 BHK costs more
Conclusion
2 BHK or 3 BHK –there is no dearth of options in Pune. Keeping these simple things in mind you will be better placed to buy the right apartment configuration.