Is a 2 BHK Home a Good Investment?

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Worried if you’re making the right decision while investing in property. It certainly is worrisome if one is investing a huge amount in a home that might just be their retirement haven. If you are confused as to how much a 2 BHK home investment in Vile Parle can benefit you, here are some reasons to convince you:

Extra Space

Extra space is something most of us cannot do without. With the amount of paraphernalia accumulated in every home, lack of space is one thing every family member has complained about at least once in their every year. This is even more so when it is time for the annual spring cleaning when festivals are about to line up. Having extra space, in the form of storage space or an extra bedroom is definitely an advantage.

Future Use

Most times, couples tend to purchase a bigger home than they would really need with the hope of, one day, extending their family. Those couples with kids on the way, or with the intent of increasing their families will have much better use with a 2 BHK in Vile Parle East than purchasing a smaller home. In the near future, letting your kids’ have their own homes can help them become their own person.

Higher Returns

The price of residential properties purchased in Vile Parle is bound to go up with each passing year owing to the appreciation cost that allows the property to be valued much more than what it was when it was purchased by you. With a 2 BHK investment, you can definitely expect higher returns as the years go by.

More Tax Exemption

The more your home costs, the higher your tax exemption is bound to be. With the tax-saving clause offered by the government to help people save on taxes, families can decide to invest in a 2 BHK which can help in a higher tax exemption that investing in a 1 BHK. And if you intend to make that your permanent residence for the coming decades, this is just another reason why this might be a good investment for you.

All of these reasons are certainly enough to convince you to make your next investment a 2 BHK flat in one of the most affluent localities in Mumbai.