Buying a Home vs. Apartment in Nepal: Which is the Best Option?

Usually, everyone has their own preference when we talk about buying a home vs apartment in Nepal. Both home and apartment have their own advantages and disadvantages. A home may be a better option for one but may not be the best for others. Similarly, Apartment can be suitable for some people whereas it may not for someone else. Here today we will talk about the advantages and disadvantages of both home and apartment and provide you with a detailed blog.

1. Cost

Buying a Home:

• Normally, Buying a home is more expensive than purchasing an apartment in Nepal.

• For purchasing a home you need to buy a land separately which can be costly.

• During the construction, expenses add up unexpectedly which can be costlier than your budget.

Buying an Apartment:

• An apartment is comparatively cheaper as it's shared among different units.

• There are fewer unexpected costs as everything is normally included in the price of an apartment.

• Maintenance and repair costs are often covered by the apartment complex's management.

2. Convenience and Amenities

Buying a Home:

• Homes can be located in peaceful areas according to our convenience. 

• You can renovate or decorate your home as you wish because you have complete control over your house.

• If you own a home you may have to travel far for amenities like a spa, pool, gym, etc.

Buying an Apartment:

• Most apartments come with inbuilt amenities such as a gym, spa, playground, etc which can be easier to access.

• Apartments are mostly located in the central part of the city, making it easier to access banks, parks, transport, etc.

• Maintenance of the building is done by the management of the apartment complex.

3. Space and Privacy

Buying a Home:

• Buying a home can be more spacious inside and outside.

• Having your own garden and backyard can be better incase if you have pets.

• You get more privacy in a home as you don't have to share your walls with your neighbors.

Buying an Apartment:

• Buying an apartment can be comparatively less space than a home with limited outdoor access.

• You have to share walls, hallways, lifts, and gardens with others.

• Privacy can be less compared to a home.

4. Lifestyle and Community

Buying a Home:

• Homes are better for those who love a peaceful and private life.

• You can create your own neighbor's community over some time.

• It's a good option for larger families who need more space.

Buying an Apartment:

• Apartments are great for those who love being with the community and love shared spaces.

• There are more social opportunities with neighbors and shared spaces.

• An apartment is usually suitable for singles, couples, or small families who prefer a convenient, low-maintenance lifestyle.

5. Security

Buying a Home:

• The security of your home usually depends upon the locality you choose to build your home.

• You have overall control over your home so you can add security cameras and alarm systems for security.

Buying an Apartment:

• Apartments usually have a trained security guard, security cameras, and controlled access.

• This can provide peace of mind, especially for those living in busy areas.

Conclusion

Choosing between a home and an apartment in Nepal completely depends on your personal preferences, lifestyle, and budget. If you value space, privacy, and the ability to customize your living space, a home might be the better option. On the other hand, if you prefer convenience, amenities, and being part of a community, an apartment could be the right choice for you.

No matter what you choose, NEPPIN is here to support your journey to finding the perfect place to call home.

FAQ:-

1. Can we own flats in Nepal?

Yes, you can rent as well as own flats in Nepal. However, you have to be a Nepali citizen to own a flat or you have to register a company to own flats or land in Nepal.

2. How popular are apartments in Nepal?

Generally, people in Nepal prefer to rent our flats as it's cheaper and convenient for both parties (one who rents and one who lists property for rent)

3. What is the difference between 1BHK and 2BHK?

1 BHK consists of 1 bedroom, 1 hall, and 1 kitchen only whereas 2 BHK consists of 2 bedrooms, 1 hall, and 1 kitchen.