Having trouble deciding between 2 BHK and 3 BHK? Let Us Help You Pick

Table of Contents

Budget

How much are you willing to allocate for your dream home? Budget is a major deciding factor when it comes to choices like these. Even though you want to spend a lot on your dream, you might be restricted if you depend on loans. Because then you also need to think of the tenure, EMI amount, etc.

Family size

Even though millennial couples follow a nuclear family setup, Indians are known for their joint family setups. Based on the number of couples & kids impacted and the need for space & privacy, the choice varies. While there may be couples who opt for a 3 BHK and joint families who opt for 2 BHK, the family size with the budget will affect the decision to a large scale.

Investment objectives

The purpose of the home you are buying may be to buy & self-use, buy & rent/lease or buy & sell (long-term or short-term). This purpose will also imply how much you will be willing to pay and offer direction to your decision. If you are going for the latter options, you should consider other elements like inflation, renovation cost, resale value, maintenance cost, etc.

Lifestyle

A 2 BHK in a posh area might sometimes cost more than a 3 BHK in an outer area due to factors like neighbourhood, amenities, utilities, etc. coming into play. This branches into an array of questions like how high are your standards? What are your must-have amenities and deal-breakers while buying a new home? What do you look for in a neighbourhood? And more.

Now that we have set the base factors, let’s look at the pros and cons of the 2 BHK and 3 BHK homes individually.

2 BHK Homes

A standard 2 BHK home consists of one master bedroom, one smaller bedroom, a living, a kitchen with 1 or 2 bathrooms (that may or may not be attached to the bedrooms)

PROS

             

CONS

 

Cost-effectiveness

 

Affordability (relatively) is a big advantage of a 2 BHK home. Even young couples can obtain safe and secure loans to buy a 2 BHK house with shorter tenure with affordable EMI. Especially in big cities where real estate prices are skyrocketing, 2 BHK home budgets offer some solace with a somewhat attainable budget for even young working couples

Lack of space, comfort & privacy

 

The very compactness of the property may be a disadvantage. Smaller spaces will lead to lesser furniture or multipurpose furniture that can either dig a hole in your pockets or put a dent in your comfort level. Also, storage can become an issue with smaller spaces. Either way, it can affect your way of life in the long run. There are joint families with three couples living together where the senior couple takes the living room with the other two couples taking the individual bedrooms, but what happens when a guest arrives? Privacy becomes a question mark at times like these. It can also get a bit chaotic when situations like working from home arise

Perfectly compact and easy to maintain

 

For young couples with a nuclear family setup, 2 BHK homes are a better and pocket-friendly option. 2 BHKs offer the optimal space for these separate nuclear families without compromising much on other factors such as lifestyle. When the budget and family are smaller, maintenance also becomes easy. Smaller spaces are easy to maintain requiring lesser cost (utility bills) and labour. With couples where both partners are working, the 2 BHK option seems more practical

 

Not optimal for a growing family

 

Whether it’s a young couple with two kids or a joint family as shown in the previous example, 2 BHK is not for a growing family or a family that gets frequent visits from their relatives or friends. Kids like sharing rooms or being with their parents, but once they grow, even they want privacy

Availability

 

A Plethora of options and varieties of 2 BHK homes are available in big cities with various amenities and utilities to choose from the market. This makes 2 BHK homes a primary object of attraction for first-time home buyers. Families who shift from their home towns for work purposes prefer 2 BHK, especially when moving to bigger cities when they don’t want to spend on something extravagant

 

Lesser resale value

 

2 BHK is a good option to rent or lease, but when it comes to resale, it may not yield higher returns and thus not a good investment option in that sense

 

3 BHK Homes

A standard 3 BHK home consists of three bedrooms, a living and a kitchen with 1, 2, or 3 bathrooms (that may or may not be attached to the bedrooms)

                                  PROS

 

                                CONS

 

Ample room and privacy

With a bigger space, there is more room for personal space. Smaller families can turn the extra room into an activity room like a study room, workspace or home library or keep it as a guest room to preserve their privacy on the arrival of friends and family. Spacious houses are far more comfortable and functional in the longer run

Higher Cost

Budget is a constraint when buying a 3 BHK, especially in metro cities like Chennai and even more so with better amenities in popular areas. It can be daunting for first-time home buyers who take loans as the tenure can be long, and the EMI can be high. This will lead them to compromise on other factors of life. But, at Isha Homes, you will find amazing choices of 3 BHK at affordable prices

 

Better for the future

 

3 BHK are particularly great for investment because of their higher resale values. Usually, 3 BHK homes in luxury apartments come with many amenities. Therefore, renovating them and reselling them will yield higher returns. Also, as rentals, they can bring in a higher cost. Even if you are not looking at it that way, 3 BHK can sustain your growing family, providing you space to plan your future without hindrances

 

Hard to maintain

It is a no-brainer that bigger spaces are difficult to maintain, both cost-wise and labour-wise. Utility bills will be higher, and the time taken to clean and maintain the apartment will be longer. But, that’s a fair price we are to pay for a property that provides ample space for a comfortable living.

          Comfort is key

 

Most 3 BHK apartment homes are in complexes with perks and amenities like a pool, gym, etc. They help elevate your lifestyle by infusing luxe into it. These luxury complexes also provide a better work-life balance by providing multiple sources of recreation within your complex.

 

             Limited availability

 

With compact housing being all the rage, 3 BHK options that tick your checklist might be harder to find. There might have to be compromises made in other terms.

 

By carefully going through the pros and cons of each type, you will be able to decide with more clarity. As said before, apart from all these, your taste, preferences, requirements, and feasibility will play a major role in picking the right choice for YOU!

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