Penthouse vs Apartment: What Should You Go With?
A penthouse or an apartment? What’s my ideal choice? Numerous homebuyers come across this question in their mind when they are looking for a property.
Well, both a penthouse and an apartment can be a great choice, if you choose one exactly as per your requirements and preferences. After all, you don’t want to invest in something that doesn’t meet your requirements.
So, what’s your choice? What should you go with? Let’s check out the answers further.
What is a Penthouse?
Firstly, let’s understand what a penthouse is. A penthouse is an expensive apartment or unit on the top floor of a building, hotel, or tower. A penthouse comes with larger square areas as compared to an apartment. It usually comes with expanded balconies and is sometimes multistoried.
Penthouse: Important Things to Consider
Some important aspects that you must consider when living in a penthouse are as follows.
Space
- A penthouse is always more spacious than an apartment. A penthouse in Vadodara comes with a minimum of two rooms with attached bathrooms. Plus, a penthouse offers huge balconies, which has its own sets of benefits. Several penthouses in Vadodara are multistoried, which gives you the feeling of living in a tenement or a duplex and of course, a lot of space.
Luxuries
- Well, you now know that a penthouse offers you a large space as compared to an apartment. Plus, in most cases, there are only 2 blocks on a floor, which gives you more flooring space too. Several builders offer more amenities to penthouse owners, which again means more luxuries for you.
Maintenance Cost
- This is one limitation of owning a penthouse. Your maintenance costs increase considerably as compared to an apartment. With a penthouse, you get a huge living space, a huge balcony, and in some cases, more amenities too. It naturally means more maintenance costs.
Property Price
- Penthouses are way more expensive as compared to an apartment, of course. With a penthouse, you get more square feet and more luxuries, which increases its cost considerably.
Resale Value
- Penthouse offers more resale value as compared to an apartment. Some major reasons for it are high ceilings, more square foot area, more amenities, privacy, and some outdoor space too.
What is an Apartment?
An apartment is a single-storeyed house that occupies some space in a building. Most flats in Vadodara are 2BHK or 3BHK. With apartments, you share a common floor among other apartment holders, usually four or six.
Apartment: Important Things to Consider
Some important things you must know and consider when purchasing an apartment are.
Cost
- Apartments are less expensive than a penthouse. Hence, if budget is your factor to consider, it’s wise to purchase an apartment.
Maintenance Cost
- The Maintenance cost of an apartment is less than a penthouse. With an apartment, you get less living space, which plays a major role in this factor.
Living Space
- As mentioned, an apartment offers less living space as compared to a penthouse. However, you can opt for a 4 BHK apartment for more living space, but the cost would be closer to a penthouse.
Luxuries
- It purely depends on the builder, but in some plans, an apartment owner gets a bit fewer luxuries as compared to a penthouse. Again, that’s not the case everywhere. It purely depends on the plan you are purchasing property in.
Resale Value
- The resale value of a flat is less than a penthouse. Of course, less living space, with a small balcony, and fewer amenities in some cases are major reasons for the same.
Final Words
Knowing the major differences that a penthouse and an apartment comes alongside would make it easy for you to select the right option for yourself. Now you know them clearly.
Whatever you decide to go with, make sure to be clear about your requirements. Numerous homebuyers get enticed by the more space penthouse offers, invest in it, and regret it later on. The thing is that they don’t require this much space. Hence, you need to be absolutely clear with your own requirements.
Rest, if you are still confused and wish to get our help deciding one or if you are looking for the top real estate developer in Vadodara, you need not look further than us. We can not only help you select the right option, but we can also show you the best penthouse or flat in Vadodara that meets your requirements and budget the best. Connect with us, and give yourself the best real estate companion.