we have r2ied and have a situation that I would like some opinions on.
We have a apartment(tier 3 builder, 3BHK, ~1500sqft builtup) in a very good location of bangalore. Is not luxurious by any means. Small complex with ~60 houses. No amenites. Although traffic noise can be bothersome at peak times but is a comfortable place to live. Kids have lots of friends, also apartment living provides security so my husband need not worry about us when he goes on US business trips. Other big deal is availability of servants which is in plenty.
Lets say this is in Area 1. This is close to my husband work, our relatives/friends, kids school, shopping etc. We are living in this apt currently.
We have a plot in a posh gated community in area 2 on which we are thinking of buiding a house.
Area 2 is far from husband work(~17kms), relatives/freinds.
If we move there we have to change schools, basically uproot everything and husband will have a commute of ~45-60 mins one way.
We are thinking of following options.
1. Build a nice ~4000sqft house and move there. Will live in a nice new house but will lose many simple conveniences.
2. Build a house and rent it out. It will easily fetch 1lakh per month.
3. Build house don;t rent it out but use as a weekend home/vacation home.
4. forget about building, same money buy another property.
Need advice on house contruction or not.
Need advice on house contruction or not.
Godhavari;463318we have r2ied and have a situation that I would like some opinions on.
We have a apartment(tier 3 builder, 3BHK, ~1500sqft builtup) in a very good location of bangalore. Is not luxurious by any means. Small complex with ~60 houses. No amenites. Although traffic noise can be bothersome at peak times but is a comfortable place to live. Kids have lots of friends, also apartment living provides security so my husband need not worry about us when he goes on US business trips. Other big deal is availability of servants which is in plenty.
Lets say this is in Area 1. This is close to my husband work, our relatives/friends, kids school, shopping etc. We are living in this apt currently.
We have a plot in a posh gated community in area 2 on which we are thinking of buiding a house.
Area 2 is far from husband work(~17kms), relatives/freinds.
If we move there we have to change schools, basically uproot everything and husband will have a commute of ~45-60 mins one way.
We are thinking of following options.
1. Build a nice ~4000sqft house and move there. Will live in a nice new house but will lose many simple conveniences.
2. Build a house and rent it out. It will easily fetch 1lakh per month.
3. Build house don;t rent it out but use as a weekend home/vacation home.
4. forget about building, same money buy another property.
Living in your own independant house is a great pleasure. I am assuming from your post that your husband is actively working full time. And in relocating he will be affected much. Also loosing the privilege of maids is severe loss. I would wait more to have a change.