Buying a plot or apartment, which is good ROI ?
The choice between buying a plot or an apartment depends on several factors, and there is no straightforward answer to which one provides a better return on investment (ROI). Here are some factors to consider:
1. Location: The location of the property is a crucial factor in determining ROI. In general, properties located in prime areas with good connectivity, infrastructure, and proximity to essential amenities tend to provide better ROI.
2. Appreciation: Real estate properties appreciate over time, and it's essential to consider the historical price trends and future potential for appreciation of the property.
3. Rental yield: If you plan to invest in a property for rental income, it's important to consider the rental yield of the property.
4. Budget: The budget also plays a crucial role in determining the ROI of the property. In general, plots in developing areas tend to be cheaper than apartments, but the ROI potential might be higher for apartments due to higher demand.
In summary, both plots and apartments can provide good ROI, depending on the location, appreciation potential, rental yield, and budget. It's always advisable to research the market and consult with a professional before making any real estate investment decision.