Investing in a property is no easy decision. This is because years of hard-earned money goes into making the purchase and once you commit there’s no going back. So when you finally decide to buy a house, you are likely to face a dilemma of choosing between a flat or a villa.

To make the choice between investing in a villa and in a flat a little easier, here’s a quick comparison between the two on the basis of 5 criteria.

Overall cost

Arguably, one of the first things that you will consider is your budget. Villas are known to be the costlier of the two. For the amount you pay for a standalone villa you can get a high-end apartment or a duplex apartment.

Once you tackle the purchase price comes the maintenance cost. Villas have higher costs than flats for a number of reasons. For example, if you consider the garden space in an apartment, everybody contributes a sum towards its upkeep. When it’s your own villa, you have to bear the entire expenditure and the onus of carrying out maintenance is entirely yours. The same goes for the exterior of the home.

Ease of customisation

When it comes to customisation villas win as there is a lot of scope to do so. While it’s possible to initiate changes in flats, making major, structural changes is very difficult. Expanding your kitchen and balcony space, landscaping your garden, breaking a few walls and changing the layout are all possible in a villa, but not feasible when you buy a flat.

Available amenities

Flats give you access to a wider range of amenities than villas do. Today, real estate developers give you premium facilities like a gym, clubhouse, swimming pool, senior citizens’ park, ATM, shopping mall, garden and more, all within the premises of the property. Further, in a flat, you gain from the 24/7 security and on-call maintenance staff. When it comes to a villa you have to make your own security arrangements as well as bear the cost of amenities such a pool, which can be exorbitant.

Future saleability

Because of the high costs involved in the everyday maintenance and up-keep of villas, when it comes to saleability, the scales are tipped in favour of flats. Flats also attract a wide range of buyers whereas villas attract a more niche audience.

Location advantage

In terms of location, flats give you a larger range to choose from. There are options in the heart of the city as well as on the peripheries. Villas, on the other hand, tend to be located mostly on the outskirts or in the older parts of the city. While villas might give you a more serene environment, it is crucial to check connectivity to amenities such as schools, hospitals, malls, supermarkets and police stations before making a choice.

Once you decide between a villa and a flat, you can get all the assistance you need to make your purchase through Home Loans by Bajaj Housing Finance Limited, where you can access Home Loans up to Rs. 3.5 crore and much more. So whether it is finding an apartment in Godrej Garden City or Pacifica Meadows in Ahmedabad or finding a villa in a project such as KP Villas, you can get all the help you need, from in-person assistance for site visits and documentation to guidance on procedures. Moreover, a lengthy repayment tenor and minimal joining fees make this a complete home financing solution. Kick-start the process by checking your pre-approved home loan offer from Bajaj Finserv now!