In today’s real estate landscape, the concept of Compact home is gaining momentum among small or nuclear families especially those living in metros and among young working professionals. The reason being, such housing projects are closer to business districts and above all are much affordable in price.
According to many real estate experts, “In cities like Delhi, Mumbai, Bangalore, Chennai, and Kolkata, where land is minimal and prices are steep, the trend of compact homes is on the rise. Also, selling an expensive and luxury apartment can be much difficult for the developers and due to which they are in favour of launching small-sized apartments which not only helps to reduce the cost but are also space efficient to meet the needs of the homebuyer.”
Benefits of Compact Homes
A compact home consists of a hall, a bedroom, a study and a kitchen, washroom, and a balcony. These homes vary in size from 500 sq. ft. to 800 sq. ft. which is well-suited for a small family. Apart from this, a compact home comes with range of benefits which include:
A compact home comes with smart construction and good space utilization. Although it is small in size they are designed in such a way that it easily accommodates every important essential of home with wasting any part of it. These houses are constructed keeping in mind the latest technologies, interiors and other décor trends.
High Resale Value
With increase in trend and demand for compact homes in today’s real estate landscape, more people are looking for such projects which can offer them such units. Because of this, the resale values of such units are more as compared to larger-spacious apartments. These homes are sold off very quickly and hence offer better Return on investment to the property owner.
Low Maintenance Cost
As more working professionals invest in compact homes, the preferability for them is convenient and low maintenance cost. They are most cost-effective to handle than a big-size apartment. Also, a home buyer has to spend less on furniture, other décor items and has to pay less for electricity and other bills and charges.
Due to small size, these homes come at a comparatively cheaper price as compared to large apartments. Also, with central Government focusing more on ‘Housing for all’, more and more developers are constructing such units to attract home buyers. Also, you don’t have to compromises on sound infrastructure, amenities, and facilities provided in the home.
A compact homes give you freedom to design and decorate your dream home the own way. These days families want to give the best look to their home with innovative and compact furniture, stylish décor items etc.