In this blog, you will get an idea about why moving from 1 BHK apartment to a 2 BHK apartment is important and what the criteria are that you need to consider when looking for your new 2 BHK. In the rising Indian residential property market, there is no doubt that the value of each square foot of property is becoming very expensive. The question of moving from a 1 BHK to a 2 BHK is something that many families or couples planning to become parents think about at some point.  Now, let us start discussing 1 BHK apartments. 1 BHK apartments are simple in design consisting of a master bedroom with a suitable bathroom, 1 large kitchen, and 1 large living area. The number of bathrooms in 1BHK apartments generally varies based upon the floor plan design, with many apartments containing 1 bath and 1 powder room/bath located in the master bedroom area, which may be accessed via a common entrance.

2 BHK apartments contain two distinct bedrooms, including 1 master bedroom and additional bedding accommodation in another bedroom. As with 1 BHK apartments, 2 BHK apartments often will have 3+ rooms depending upon the floor plan design. If you need any assistance in choosing from the large number of currently available rentals or rental apartments, contact your local real estate agent who can assist you.

Why upgrade from 1BHK and 2BHK?

As life moves forward so do houses often feel small or confining; however this is completely normal because our lifestyles evolve we want different things from our home than we once did so therefore it becomes essential to consider getting larger living spaces based upon how our lives have changed over time.

Everyday comfort is key:

A working individual may require an additional bedroom when their parents visit regularly. The extra room can also be used as a guest room, whenever they visit. Also, if you have got a WFH job, then moving to 2BHK will be quite useful. As you can create a good workspace as well. Upgrading for comfort is the best thing that you can give to your family. As you will have that extra space to do more things as per your personal choice.

The future is important:

People who want to have children typically find the need to increase their existing apartment size when their kids become old enough to want their own bedrooms. They too may require additional storage or space in which to pursue hobbies, such as yoga, music, or performing an artistic hobby.

The Appreciation of Value is of Major Importance.

Not only do 2 bedroom apartments give you ample room for you and your family, but they also provide an excellent opportunity for passive income by renting them. And nowadays these modern homes have added facilities and amenities that increase the value of the home and potential capital appreciation as well. Because these facilities and amenities are mostly not available in the older housing societies.

Important Factors To Consider While Moving From 1BHK To 2 BHK

Current Family Size & Activities:

You should know who lives in your current household and what your current family structure looks like and how these family members utilize their future living areas.For example, how frequently do family members currently stay in your home? How many bedrooms do you need to allow all adult family members to use one of your bedrooms when sleeping? Are you going to use a room for office space while working from home? Are you going to have out-of-town guests on a frequent basis?

Long-Term Considerations

Many couples will eventually begin to have kids, so when looking to upgrade to a bigger apartment, these upgraded properties should have the potential for bigger bedroom spaces for kids in order for kids to have space to play and complete their homework. Considering the above-mentioned questions will significantly affect the number of square feet you will require and the number of bedrooms you will need in your 2BHK apartment.

Budgetary Considerations

After completing this analysis, you will be able to create a rough estimate of what your budget can be for purchasing a new 2 BHK apartment or an apartment that meets your requirements as you have established them. A good budget is essential for determining how much you need for your down payment as well as how much you will need to obtain a mortgage, an EMI-backed loan, or other financing options such as a builder subvention.

Social Infrastructure and Location

The price and size of the apartment are determined, in large part, by the location of the project. The amenities offered in the housing society and the presence/availability of social infrastructure, i.e., schools, colleges, hospitals, and shopping malls, in the local area will also affect the pricing of apartments.

Availability

The final consideration might look like the least good; however, it really does have an effect because if you've found 2BHK but no one is currently renting them then you may want to check for Jodi type housing to satisfy your housing needs. For example, an alternative option might be that you could rent an 'apartment' consisting of a single 1 bedroom unit and a separate bathroom. Two of these could be combined, making one large unit.

Advantages of Shifting from a 1 BHK Apartment to a 2 BHK Apartment

When you have researched the aspects that will help you understand what to expect when upgrading from a 1 BHK to a 2 BHK, you can see these benefits that come along with that. 

Increased Quality of Life 

Once you buy or rent a 2 BHK apartment, you will have an additional room at your disposal. This could be designed to meet your current interests or possibly the extra space can also be used for celebrations, family gatherings, or personal activities.

Higher Standard of Living 

If you live in a larger apartment, you're upgrading your standard of living. You will likely have many higher-quality things in a 2 BHK compared to your old 1BHK. You'll be able to furnish your new apartment with high-end furnishings, and keep it maintained, thus increasing your property value.

Property Value Appreciation

A property that is well-occupied and is kept abreast with changing times fetches greater returns with time. A person can gain more profit year over year if they rent their 2 BHK apartment against a 1 BHK one. Since 2BHK has bigger carpet than 1BHK, the selling cost will also be higher than of 1BHK. 

What Expenses to Consider When Moving from a 1BHK to a 2BHK

Prior to moving into an apartment with two bedrooms, there are several issues to consider before signing a lease. Here are three things you should think about when making this major life change.

Pricing of Initial Costs

During the purchasing process for a 2 BHK apartment, the buyer may incur expenses, such as stamp duty and registration fees and other miscellaneous costs associated with the purchase of their new apartment. When the buyer completes the purchasing process and is preparing to move in, there are also expenses associated with the interior design of the living space.

Expense of Moving

While shifting to your new 2 BHK apartment, you will first need to calculate how much it will cost to move all your items from their current 1 BHK apartment to the new 2 BHK apartment. This can vary from resident to resident. The items, which could include furniture and clothing to books and shelves, if any, should be considered.

To understand Maintenance and Other Costs

An individual will need a short time frame to acclimate himself/herself to all of the various monthly bills they are required to pay after moving into a new apartment such as gas, electricity, water, property tax, etc. The monthly utility bill, and other recurring fees, such as, maintenance fees, will take some time for one to become familiar with how frequently they are incurred and amount billed. Once all items listed above are resolved by the individual, their transition will have been made.

There is no set answer that can be applied to all circumstances, but there is a general process to follow to get the best 2 BHK apartment for you and your family, while keeping everything else into consideration. The first step in this process is to narrow down the different options of 2 BHK apartments based on your personal needs and requirements, such as family size, lifestyle, budget, location, and infrastructure, and then see if there are any 2 BHK apartments available that meet those criteria. Once you have identified the types of 2 BHK apartments available in your area, begin to calculate the initial, moving, and miscellaneous costs of upgrading from a 1 BHK to a 2BHK.