Getting the right home has always been a daunting task for homebuyers. Moreover, choosing between the 1 BHK vs 2 BHK apartment makes it tougher. However, understanding your needs and budget beforehand will help to make a prompt decision regarding this investment.
1 BHK is a budget-friendly and smart investment option for millennials and first-time homebuyers. It is cost-effective and also retains good value. It is the most preferred option among mid-segment homebuyers.
Whereas, 2 BHK is a more premium option for homebuyers. It costs more than a 1 BHK flat but comes with additional features and benefits. These apartments are mostly preferred by the luxury-segment homebuyers in the prime location.
While you are house hunting, it is vital to select the best-suited home. Home is more than an investment. The home you choose will reshape your lifestyle and daily experiences. So, this blog will help you understand the difference and the favourable factors to choose from 1 BHK vs 2 BHK flats.
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1 BHK vs 2 BHK: Understanding Its Meaning
A 1 BHK apartment includes a living room, kitchen, and bedroom with or without a balcony. These apartments are minimal and cosy, suitable for young professionals or a couple. The layout of a 1 BHK is generally compact with relatively minimal space for a high-end furniture set.
2 BHK, on the other hand, includes a living room, kitchen, bedroom, and master bedroom. It generally comes with an expansive deck in luxury projects. The 2 BHK is spacious and uncluttered as compared to the 1 BHK apartments, making it ideal for small families and high-end homebuyers.
The carpet size of 1 BHK apartments ranges from 380 sq. ft. to 480 sq. ft., whereas the carpet area of 2 BHK apartments ranges from 500 sq. ft. to 820 sq. ft.
1 BHK vs 2 BHK: Budget Considerations
A 1 BHK flat has an advantageous affordability factor. Due to its compact size and sustained demand, 1 BHK apartments are usually reasonably priced even in the prime metropolitan areas. You can get a premium 1-bedroom flat in areas like Thane, Chembur, and other parts of Mumbai within the ₹1 Crore range.
Considering its lower price, 1 BHK apartments are also easy to rent. Tenants can get these flats on a rental basis at a lower cost compared to 2 BHK flats. It won’t impact the overall budget unfavourably, hence becoming the best option for first-time homebuyers to step into the market. It is easy to invest in a 1 BHK apartment as a young couple.
On the other hand, 2 BHK apartments might be more expensive than the former one. These apartments are generally spacious and super convenient in terms of layout. These factors underscore its high demand, leading to higher prices compared to 1 BHK flats.
Mid-segment and high-end homebuyers mostly demand 2 BHK apartments in the metropolitan areas. These are more reasonable than the luxurious options of 3 BHK or 4 BHK and also provide the liberty of home decor, considering their spaciousness.
1 BHK vs 2 BHK: Buyer Personas and Lifestyle Considerations
The homebuyers’ demographics and aspirations vary between these configurations. Individuals, single working professionals, and newlywed couples mostly prefer 1 BHK apartments. These low-maintenance apartments prove to be profitable for these buyer personas.
The 2 BHK apartments are perfect investment options for nuclear and large families. Those with children and parents often need an extra room for their utmost comfort and space. In this case, 2 BHK apartments cater to the family’s needs by providing extra space and a huge flat layout.
A 1 BHK apartment is preferred by homebuyers who prefer a minimalist lifestyle. These apartments can be designed smartly without being cluttered. Functional and minimalist design options will make your 1 BHK look regal and spacious. Considering this, homebuyers can get a finely designed 1 BHK residence at a reasonable price compared to a 2 BHK apartment.
Contrary to this, 2 BHK apartments provide more value to those who are seeking privacy and expansive spaces. Families opting for a work-from-home space or those with children looking for a kids’ room will always prefer 2 BHK units. Apart from this, if there are guests in the house, a separate room can easily accommodate them without compromising your space and privacy.
1 BHK vs 2 BHK: Investment Potential and Rentals
Both 1 BHK and 2 BHK apartments have great investment potential, owing to factors like location, project type, and surrounding infrastructure. It also varies as per individual preferences and lifestyle choices. 1 BHK apartments possess high demand in the metro areas among students and working professionals. They generate lucrative rental yields in these areas.
On the other hand, 2 BHK apartments have more resale value. It has increased demand among long-term tenants and end-user families. Due to larger areas and extra space, these apartments provide a better return on investment than the 1 BHKs.
Also, homebuyers can explore the developing markets or the outskirts of cities to get an affordable yet spacious option of 2 BHK apartments. Tier 2 cities provide appealing housing options at affordable rates while also assuring good returns in the future.
Also read: Studio vs 1 BHK apartment
FAQs
| What is a 1 BHK apartment?
A 1 BHK apartment is a cosy housing space with a living room, bedroom, and kitchen. |
| Which is better to buy, a 1 BHK or a 2 BHK apartment?
It depends on the lifestyle needs and budget of the homebuyers. 2 BHK apartments are more spacious and advanced than 1 BHK apartments. While 1 BHK apartments are more affordable than 2 BHK flats. |
| Is a 1 BHK apartment suitable for young couples?
Yes, a 1 BHK apartment can be suitable for young couples. It provides sufficient space for two and can be finely designed with functional design aspects. |
| Which is the best option to buy as a first-time homebuyer in Mumbai?
In cities like Mumbai, a 1 BHK apartment is the best option to start with as a homebuyer. One can easily get a 1 BHK flat in the prime areas of the city, ranging from affordable to premium options. |
| Do 2 BHK apartments provide better resale value?
Comparatively, 2 BHK apartments provide better resale value, considering the premium segment, carpet sizes, lifestyle changes, and privacy factor. |
