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Which is better: An Apartment or an Independent House?

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Which is better: An Apartment or an Independent House?


The jury is still out when deciding between a flat and an independent house. Both have their unique advantages, but often, the home buyer’s preference dictates the decision. With home loan interest rates bordering in the affordable range, it is feasible to apply for a home loan and go for either of the two options.

Apartment or an Independent House

By looking at the points of difference, we can understand which can be a better option for us: an apartment or an independent house.

Basis of Difference                 Apartment           Independent House
  1. Buying Cost
The payment process is streamlined as the builder supervises all the formalities, including electricity connection, labor cost, architect fees, etc. Therefore, the price of the property is often all-inclusive.The buyer needs to add the stamp duty paid to the government, clearances, electricity connection, raw materials, etc., and the plot’s price. Therefore, the building of an independent house is a series of expenses.
  1. Amenities
When you pay the price of your property and own it, you are getting all the facilities added to it, like security, parking lot, fire safety, etc.In this case, once you decide to buy the property, you have to arrange for a power backup, water system, security system, and others on your own.
  1. Availability of Loan
Getting the home loan sanctioned is smooth as reputed builders have tie-ups with banks and financial institutions.It can be tedious as the institutions inquire about land ownership and the project cost. Home loans are available, but arranging them involves additional formalities and time.
  1. Maintenance Cost
The internal maintenance team looks after the cleanliness, repair, and construction works and is available 24/7.The buyer needs to make personal efforts regularly for the house’s overall maintenance.
  1. The legality of the Sellers
It is easier to trust the builders if they have the goodwill and track record of project deliveries and quality of work.There are chances of land disputes and permission-related issues as there are fewer sources of collecting information regarding the seller of an independent house.
  1. Community spirit
Residing in a society helps get connected with people from different walks of life.It is suited for those who constantly crave to be away from the crowd and need personal space.
  1. Saleability
It is much easier to sell the property because there is a ready buy/sell market for apartments.Reselling the property can require additional effort as an independent house is unique for any prospective buyer.


Good research work is required before you choose either of the two options. If you go for a home loan, checking a home loan EMI calculator is also essential to determine if your dream home is affordable.

Calvin M. Barker

Typical tv scholar. Problem solver. Writer. Extreme bacon fan. Twitter maven. Music evangelist. Spent a year consulting about salsa in Fort Lauderdale, FL. Spoke at an international conference about lecturing about junk food in New York, NY. Earned praise for promoting robotic shrimp in Phoenix, AZ. Spent 2002-2007 working on catfish in Naples, FL. Spent several months developing yogurt in Orlando, FL. Spent high school summers managing dandruff in Africa.