First-time buyer? Know what type of home suits you the best.

A first time homebuyer is confronted with a number of issues when he sets out to search for his dream home. Several factors affect the type of property one should buy. One has to judge the property on the parameters of affordability, location, amenities and various other requirements. While these factors always remain important, here we have tried to categorize the types of properties a first-time buyer must consider, along with the pros and cons of it.

First-time buyer Know what type of home suits you the best.

A Flat in High-Rise Apartment:-  A flat in a High-Rise Apartment and Branded Residence block is, by far, the most popular choice of the first -time buyers. Besides being affordable, it offers a good community environment to live with family.


  • Several common amenities like gym, clubhouse, sports facilities, swimming pool, etc., can be availed.

  • Usually located near commercial areas, thus saving your commuting time.

  • Ample options to choose from in low-cost bracket.


  • Maintenance and other costs may haunt you throughout.

  • If you are a ‘lone ranger’, apartments are not for you.

  • No flexibility to extend your area to a larger part or to modify the exteriors of your home.

A Villa Unit in Township Project:- A township project is also a viable option for first-time homebuyers. It provides all the facilities within the gated complex and offers a comfortable lifestyle for the working class.


  • Good value for money for the budget of a first-time buyer.

  • Almost all amenities and facilities like hospitals, convenience stores, school, bank and ATM, etc., are available within the complex.

  • The property value multiplies faster making it a good investment option.


  • Usually located on the outskirts of cities, thus commute time will be longer.

  • The complete construction of the entire township may take several years.

An independent house in the Suburbs:-  If you are on a low-budget home hunt, a home in the suburbs would be a good idea. Such homes offer a larger area in lesser cost.


  • A peaceful lifestyle away from the hustle and bustle of the city.

  • Quite affordable as compared to a similar house in the center of the city.

  • The freedom to extend your house or design it the way you want.


  • All modern facilities may not be available at your doorstep. You may have to shop from the city once a week.

  • Far-off from the city’s nerve center, thus not good for daily commute.

  • Public transport facilities might also be sparse.

So, which of the above home suits you the best? Are you the peace-friendly suburban dweller or a lover of city’s bustling lifestyle. Tell us by commenting in the box below.

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