Benefits of mid-segment homes

COVID-19 has changed the trend of owning a home whether it is downsizing or upgrading for comfortable living, even among the home buyers who were not really keen on making in a long-term real estate investment. Home ownership is becoming an essential need even more so post pandemic. From affordable housing to a compact 4 BHK and everything in between has created a pent-up demand for its compact configuration with basic amenities. Here are the reasons why freelancers, nuclear families, corporate professionals choose simplified plans and structures for their home move.

Less on maintenance:

COVID has brought major lifestyle changes starting from hygiene cleanliness to work from home and virtual schooling. The maintenance is cost-effective is this segment on account of its simplicity and compactness versus the luxurious ones.

Easy to accomodate

These apartments are basically comprising of bedrooms, dining, kitchen and living which are commonly used and completely operational spaces which reduces maintaining extra unused rooms and spaces. Homebuyers these days, prefer homes with minimalistic approach and with limited possession of electronics, appliances so it becomes simple to accommodate and even simpler to shift if need be.

Reasonable rental income

When the home buying process is with the thought process of investment or generating rental income, low ticket size homes get off the shelf fast. People who are looking for secured living, gated community, less maintenance, good neighbourhood and less hassle choose simplistic residences to meet their immediate and basic needs.

Reselling gets easier

Usually located in prime location, mid ticket sized homes are preferred for emigrants, nuclear families and professionals. Since they are cost-effective and reasonably priced for basic amenities and good construction, these homes have a better resale value. However the fully furnished apartments do fetch an even better rate.

Best to upgrade or downgrade

Homebuyers who have either relocated or are building another house, may choose mid size apartments as a quick gap solution. These options are also apt for immigrants who have such job profiles of relocation to different cities. Joint families prefer such homes as a weekend home or it works best for nuclear families to stay independently yet together if chosen in the same society.

Low and medium ticket sized homes are fast moving for ample amount of such reasons and the determining factors for best options for your family depends on the area, locality, budget and use. The newly developed landmarks of the cities are in prime localities with decent amenities which becomes a great upgrading option. Post-pandemic with virtual schooling, work from home; bigger and better homes have been the need of the hour for most of the families. To match your lifestyle, get professional assistance to choose the best out of all the available new developments in the city.