In recent years, investing in real estate has become a safe and profitable initiative due to the rapid growth of Dhaka’s real estate market and the availability of convenient house loans from commercial banks. Because of several benefits, many people become interested in purchasing properties like flat, plot or land.
Most of the investors find themselves in a dilemma, which will be more profitable land or flat. Making a wise decision before investing would be profitable investment.
If you are in the same situation, then read the following passage and make a wise decision.
Investing in flat and land is both profitable, but it depends on several circumstances, such as location, transportation, retail demand, investor income, and bank loan policy. Land’s value is always upward due to the limitation of space. One can use land as their preference.
On the other hand, flat is a convenient option because all essentials are available and one can live or earn from rental income immediately.
Let’s have a look at the pros and cons of both options.
Comparison between land and flat
- Land is more flexible because it can be constructed according to the owner’s requirements man but a flat is restricted.
- Land’s market value is rising rather than flat.
- A flat owner owns only a single unit of an apartment, but a land owner owns the entire land, including the apartment and other establishments.
- An empty land generates small revenue and has a risk of lawsuits, but a ready flat provides large rental.
- A huge investment is required to buy an entire land, and the process is so complex, whereas buying a flat is more convenient and financial organizations offer loans.
Investing in properties is a crucial issue, so know carefully some important aspects such as legal issues, taxes, commitment, surroundings, hidden costs, land suits, etc, wherever you invest. In spite of the expanding apartment and flat culture in metropolitan cities like Dhaka but investing in land or plot is more effective and reliable.
