Generally speaking, people see a studio flat as a short-term accommodation and so aren’t looking to buy but rent one instead. If you’re asking us, we say if you’re looking at buying a studio flat as a buy to let, then it’s definitely a worthwhile investment, as there’s always an opportunity to rent.
Are studios easy to sell?
Another thing to consider when buying a studio apartment is that they are easy to sell, especially with the increasing demand as mentioned earlier, particularly in huge cities where the population demand for this type of real estate is huge. So, when you decide to sell you are most likely to easily find a buyer fast.
Is it a good idea to buy a studio flat?
A studio apartment can be a good investment if you are a newbie or conservative investor wary of putting your money in equity or mutual funds. Most Indians consider real estate a safe investment option, so buying a studio apartment, for which you need to pay a home loan EMI of Rs 6,000-10,000, can be a feasible choice.
Is there a minimum size for a studio flat?
According to London’s planning guidance, the minimum size recommended for a studio flat, is 37 sq. m. A one-bedroom flat (often referred to as a ‘single flat’ or ‘bedsit’), has separate spaces for the bedroom, living room, and kitchen areas instead of a single multi-purpose room.
Are studio flats cheaper?
Cheaper to buy and to maintain Due to their size, studio apartments are cheaper than those with one or multiple bedrooms. A studio apartment condenses a living room and a bedroom into one room and it usually comes with a small bathroom as well.
Should I buy a studio or 1-bedroom?
If you want to have guests over frequently and rent price is less of a concern, a 1-bedroom apartment makes sense for you. If you’ll be living alone or are living with one roommate you’re very comfortable with and want to save the most money possible, a studio apartment is your best bet.
Do you need planning permission for a studio flat?
If you would like to convert a house or single flat to several flats or studios you must obtain planning permission. If the property is a listed building you may need listed building consent. We strongly recommend you consult with your local planning authority before you start any work.
