Need a Advice on
Residential Apartment

Request a call back


Just fill up the form or Leave a MISSED CALL on :


 
Term insurance
Term insurance
Auto Insurance
Auto insurance
Health Insurance
Health Insurance
business-insurance
Business Insurance
home-insurance
Home Insurance
travel-insurance
Travel Insurance
accidental-insurance
Accidental Insurance
car-insurance
Car Insurance
child-insurance
Child Insurance
pension-plans
Pension Plans
ULIP-insurance
ULIP Insurance
traditional-endowment
Traditional Endowment
national-pension-scheme
National Pension Scheme
equity-linked-savings-scheme-ELSS
Equity Linked Savings Scheme ELSS
fixed-deposit
Fixed Deposit
saving-bank-account
Saving Bank Account
recurring-deposit
Recurring Deposit
current-account
Current Account
corporate-fixed-deposit
Corporate Fixed Deposit
infrastructure-bonds
Infrastructure Bonds
national-savings-certificates
National Savings Certificates
public-provident-fund
Public Provident Fund
mutual-funds
Mutual Funds
debt-funds
Debt Funds
hybird-funds
Hybird Funds
money-market-fund
Money Market Fund
gold-ETF's
Gold ETF's
contra-funds
Contra Funds
dividend-yield-funds
Dividend Yield Funds
large-cap-funds
Large Cap Funds
IPO's
IPO's
demat-and-trading-account
Demat And Trading Account
commodity-trading-acount
Commodity Trading Acount
car-loan
Car Loan
education-loan
Education Loan
home-loan
Home Loan
personal-loan
Personal Loan
loan-against-property
Loan Against Property
business-loan
Business Loan
two-wheeler-loan
Two Wheeler Loan
loan-against-securities.php
Loan Against Securities
gold-loan
Gold Loan
vehicle-finance
Vehicle Finance
credit-card
Credit Card
reverse-mortgage
Reverse Mortgage
tax-planning
Tax Planning
retirement-planning
Retirement Planning
child-education-plan
Child Education Plan
estate-planning
Estate Planning
investment-planning
Investment Planning
residential-apartment
Residential Apartment
independent-house
Independent House
residential-land
Residential Land
CGST-vs-SGST-vs-IGST
CGST vs SGST vs IGST
benefits-of-GST
Benefits Of GST
Change-From-July
Change From July
central-goods-and-service-tax-CGST
Central Goods And Service Tax CGST
integrated-goods-and-services-tax-IGST
Integrated Goods And Services Tax IGST
state-goods-and-service-tax-SGST
State Goods And Service Tax SGST
union-territory-goods-and-services-tax-UTGST
Union Territory Goods And Services Tax UTGST
goods-and-services-tax-GST
Goods And Services Tax GST

Residential Apartment

An apartment (American English) or a flat (British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair.

What is Residential Apartment?

An Residential apartment or a flat is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair. Such a building may be called an apartment building, apartment complex, and flat complex, block of flats, tower block, and high-rise or, occasionally mansion block, especially if it consists of many apartments for rent.

Why Do You Need Residential Apartment?

chose us

Maintenance

As discussed in the financial benefits, maintenance expenses are generally lower due to responsibility generally falling on landlord/owner. Not only is the lack of maintenance worries a financial blessing, but it’s also a check off the “Things to Do” list. When it snows, no need to shovel, when the lawn looks a little rugged, it’s not your concern – Ovation will take care of that. The peace of mind associated with the mental freedom of renting is priceless.

Safety

Although homeowners often invest in some form of home security system or another, apartment complexes also invest in the overall safety of its residents. The close proximity of neighbors (in contrast to being the only one in a house at any given moment) and typical apartment complex safety measures prove that multi-unit dwellings are the safest locations for single women, children, families and the elderly.

Size

Apartment proportions are, simply put, convenient. A newly graduated college student is generally looking for a place to call home; a living room, bedroom, bathroom and maybe a kitchen for show. This space does not have to be large and lavish, it just needs to feel safe and quaint (even for the guys). This same basic need is apparent in most people, college kids, single women, bachelors and even friends who chose to live as roommates.

Lower Responsibility

So far we have discussed money savings from rent, lack of need to maintain the property and, well, that’s it. The lack of need to maintain property is not only a financial windfall but also a stress reliever. Homeownership comes with a lot of headaches and issues and deciding to rent will help you avoid these types of setbacks. Instead of using the “rainy day” fund to fix the boiler, it can be used for a much-needed vacation to a tropical island.

Factors Consider to Residential Apartment:

Financial

The number one benefit of living in an apartment is the financial aspect of renting. Rent is generally cheaper than a mortgage. In addition to an overall lower monthly payment, other financial components such as upkeep and utilities are generally lower because of the smaller space and the overall responsibility of a landlord/owner versus a tenant.

Amenities

Unlike houses, apartment complexes are generally built with specific amenities such as pools, gyms, convenience stores and laundry facilities directly on the premises or at the least in very close proximity. Although you could always have these elements built into your home, the financial obligation is not as rewarding. Apartment living can prove to be a very convenient living arrangement.

Community

Other great benefits of apartment living are the social implications of the close proximity and connections one develops during their residency. Although a sense of community exists in both rural and suburban areas, the close proximity of apartment life enhances the probability of creating lifelong connections.

Short-Term

Parallel to buying a home, apartment rentals make great short-term options. Deciding to buy a home is a lifelong dream but you have to live somewhere while you prepare to make that dream come true. Whether you are working on credit, saving money or mentally preparing for the responsibility of owning a home, an apartment is the best interim option.

Savings

The financial benefits discussed here are gateways to our future. While we endure less burden and responsibility while renting, this is the opportune time to invest into your future. By placing the money saved into a “rainy day” account, this can be the beginning of a brighter financial outlook.

Our Media