It is obvious how the market in real estate is more towards multi-unit projects investments, but, owning your single family residence has some unique benefits. Bungalows these days are getting fewer, more than it would have ever been projected. Population growth has prompted a vast requirement for homes, and the most probable solution mainly is building a story building upward. Bungalows, on the other hand, provide a variety of features that are practical. Some of the benefits of buying yourself one are highlighted below.
Advantages of living in a bungalow
These type of homes are by far the most non-restrictive when it comes to modification or renovation. If in any case, an owner runs out space, it’s easy to demolish a section and rebuild according to their specifications and preferences. This, however, cannot be said for apartments and lofts that are mainly designed to cater for a specific taste in an audience. In cases of running out of space which is rare, the owner can easily choose to add a story level to cater for an inconvenience.
This may yet be by far a unique quality of a bungalow. Bungalows achieve this property by order of design metrics, which is in a sense traditional and an important feature considered by masses. They contain a single level story layout plan that is especially ideal for an audience with mobility problems. Stairs can be a hectic order of the day for a disabled party and better yet dangerous for a family with growing kids.
Friendly to a budget
When buying a home that you plan to settle in permanently, one of the vital factors looked at is maintainability. Does the home chip into your budget or fit into your budget? This is an important question to answer as a prospected buyer and future owner of the home. Bungalows offer these benefits since they are low maintenance. Heating during cold seasons and cooling is made affordable since they are spacious and save energy.
The biggest disadvantage of living in lofts and suites is that privacy is limited as compared to bungalow living. Bungalows can have a lawn or backyard where families can enjoy cookouts, barbeques, a playground for growing kids, or even a modest kitchen garden. All these characteristics are not found in condominiums, which can limit the amount of a specific luxury fit. Planting of climbing flowers and shrub around the compound can also help improve privacy in your home while improving its view.
For an investor looking to make profits on single homes, a bungalow is the best direction to move toward. The pricing of bungalows is ever on the rise, and this could be a very wise investment since they are easily sold and on high demand which fits perfectly to a niche that an investor needs to exploit. Always keep in mind that a well-furnished and maintained bungalow is easier for resale at a profitable value.
Due to the tradition in constructing a bungalow, the size of the piece of land the bungalow is to be built on will be bigger than that of a normal house. This adds to the property of remodeling and reconstruction capability at the disposal of an owner.