Flat vs. House: Which is better to buy?

Are you planning to buy a home? Maybe you are confused about whether to purchase a flat or a house. You’re not alone. Choosing between a flat vs. an independent house is a dilemma for numerous home buyers. 

While both are residential properties, they have significant differences. This blog compares these two property types based on different factors. By learning their dissimilarities, you can determine which is better for you. 

Before we start this comparison, let’s learn their definitions.

Flat vs. House Overview

What is a Flat?

A flat is a housing unit in a building or complex. It comes in various sizes. You can choose from a range of options. From 1 BHK to 6 BHK flats are available throughout India.

Flats are usual in urban areas. As they are compact and affordable, they are suitable for couples and small families. All the flat owners in the building share common areas like staircases, hallways, parking, and recreational spaces.

What is an Independent House?

An independent house, also known as a standalone house, is an individual property built over a piece of land. Unlike flats, they are in low-rise buildings, open to the main road. 

These houses have their boundaries. Generally, they do not share walls, roofs or common living spaces with neighbours. 

Owners of independent houses get privacy and self-sufficiency over the construction and layout of the house.

Flat vs. Independent House: Comparison of Different Aspects

When it comes to a house vs. a flat, they are different in various ways. From amenities to cost to privacy, these two properties are miles apart. 

Let’s get to know about these differences one by one.

Amenities

Amenities can influence your quality of life considerably. Therefore, before you decide between a flat vs. an independent house, you must check the kind of amenities you will get. These housing options feature a diverse set of conveniences.

Along with basic facilities like water and electricity, you may also get a gym, parking, etc., in flats. Some luxury flats also have a swimming pool, parks, gated access and security surveillance systems.

Flats are designed for individuals looking for compact space that is easy to manage.

In standalone houses, homeowners manage all the facilities themselves. Depending on the space, you can create a garden, patio or yard for recreational activities. Moreover, you can plan a dedicated space for parking. 

Cost

The price of a home is a crucial factor to consider. It helps you in budgeting and determining the amount of mortgage you require. There is a massive difference between a flat and a house in terms of price.

The cost of an individual house and flat depends on location, size, amenities and market conditions. Generally, you will find flats more affordable than independent houses. Even in metropolitan cities, they are less expensive than standalone houses. 

Availability of Mortgage 

Another difference between a house and a flat is the availability of a loan. The obtainability of loans depends on the lender, location and financial circumstances. Still, it is easy to get a mortgage for flats.

Most real estate builders have tie-ups with different banks. They can arrange a loan for home buyers. Various banks offer home loans specifically for flats.

On the other hand, terms and conditions might be different when it comes to financing a standalone house. Banks do a comprehensive inspection of borrowers and property’s value before lending a loan to such properties.

Space and Size

Space and size are crucial factors when deciding between a house and a flat. Since flats are for small families, they have compact spaces. 

Nevertheless, in previous years, after the COVID-19 pandemic, the average flat size has increased in the top 7 Indian cities. 

These include Delhi NCR, Kolkata, Pune, Chennai, Hyderabad and Bangalore. 

Individuals buying a flat in Bangalore can notice an 8% rise in average flat size. For example, the average size of 2 BHK flats in Sarjapur and Chandapura can range from 868 sq. ft. to 1289 sq. ft.

Independent houses are comparatively spacious. They come with a large living area, spacious bedrooms and a kitchen. 

Depending on the type, they may have private yards, patios and balconies. Even in metropolitan areas, single-unit houses are more spacious than flats.

Feel of Community

A sense of community is another primary difference between a house and a flat. Since flats are a part of a big residential society, they offer a sense of community. You can make interpersonal relationships with your neighbours easily.

On the contrary, owners of independent houses value their privacy and personal space. Therefore, there might be a decline in social interactions. 

Control on Property

Ownership control is another factor to ponder when deciding between a flat vs. an independent house. When you purchase a flat, you buy a housing unit in a large complex. You get limited control over common areas and their maintenance rules.

As you’re the sole owner of your standalone houses, you get more control over it. You can make decisions about your property without interference from any neighbour.

Design 

Flats do not give you the liberty to choose architectural designs. However, you can make changes to the interiors. With independent houses, you can design house layouts, bedroom sizes and overall architectural design as per your choice.

Privacy

Flats are less private as neighbours are nearby. They are an ideal choice for those who love community spirit. They give you a feeling of togetherness. Shared walls and common areas lead to less isolation.

Autonomous houses offer more privacy. Since there is a decent space between neighbours, you won’t complain about noise and privacy intrusion.

Conclusion: Flat vs. Independent House Which is better?

Flat or house, which is better to buy? It’s a common question for most homebuyers. It depends entirely on your budget, needs and preferences. Both have their ins and outs. 

If you want to relish a sense of community with features like security, gym and shared amenities, a flat is an excellent choice. Moreover, they are affordable and come with lower maintenance responsibilities.

On the contrary, if you want more privacy, space and liberty for customization, choose an independent house. 

Consider your lifestyle, financial conditions and future goals and decide accordingly. Explore our listings now to see various flat and independent house options.

Frequently Asked Questions

Yes, it is worth buying if you are seeking a low-maintenance residence. It gives you a sense of community with access to shared amenities like pools, gyms, parking, etc. Purchasing it as an investment can potentially yield a favourable rental income. Even if you sell it after a few years, you will enjoy a good resale value.

Buying a flat gives you a lot of added amenities. Facilities vary based on the specific building complex. Some facilities you get include security, regular maintenance, parking, green spaces and community living.

Several factors influence the resale value of a property. It ranges from location to property’s condition to current market trends. If you choose wisely, both property types have excellent resale value.