Guide to 3 BHK v/s 2 BHK Apartment

When you are looking at the apartments in Lucknow, a question that might bother you all the time is whether you should opt for 2 BHK or a 3 BHK flat in Lucknow. Needless to say, it depends entirely on your need and how much you can afford, but it is not that simple. It is extremely important to understand the gravitas of it, as this decision will stick for a long time as you will not change your home any time soon.

Here it is very important that you take into these 3 factors that are - Current and planned family needs, 2. Budget, and 3. Purpose (are you planning to rent it or self-occupation)

Buying a home is a long term, emotionally and physically demanding decision. Hence, the final decision most of the time can't just be limited by the above 3 factors, and that's especially true for people who are planning to buy their first house. It goes without saying that there is a certain kind of pride involved in buying the first house, you might have started earning a few years back and now are looking forward to investing the surplus money in a way that provides you long term safety and security in the form of a house.

And, not to forget when you first buy your own house it is an emotional moment as well, especially in India due to the association of this event with your status in society. Hence it is important to consider all the aspects.

The first thing that you need to do is understand the needs of your family or yours if you are planning to move all by yourself. It is also very crucial that you understand from the perspective that the family requirements keep on changing at various stages of life and you can't just keep moving houses. This is why you think about different situations such as how many kids are there in the family and if the grandparents are going to live with your sibling. Now that everyone is working from home, do you need a room to yourself where you just work? All of this requires a detailed thinking process and should not be hurried into.

The second most important factor that you need to consider is budget. You need to have a financial plan intact in order to understand the money which can be taken out without affecting other functions. However, many housing financing companies offer home loans at handsome prices, and terms have helped a lot of people stretch their budget. However, it is advisable to seek help from a financial planner on this aspect.

The housing finance companies also provide help in the form of guiding you by calculating the loan eligibility and the resulting EMIs. The purpose why you are buying the house plays a significant role, while for self-occupation, it is advisable to stretch the budget a bit and look for a bigger house, the investments have grown faster in the case of smaller units. Not to forget it is easier to find a renter or a buyer if it's a small house. Thus, it is important to consider all these factors in detail and strike a balance between needs and budget before deciding what size of the property in Lucknow, Gomti Nagar, you want to opt for.

Hi, I am Diksha Sharma. By profession a blogger & writer. Currently living in Gurugram, Haryana. I have done my bachelors in technology in Information technology. I am passionate about writing and traveling. I am pet lover & fond of music.