A villa is a large and luxurious Tuscan-style country house with its own grounds. Villa’s come from the Roman times when wealthy Romans had a large estate consisting of a farm with a villa and slave accommodation. Estate Lots are a few residences on one plot of land governed by a governing body. In this article, we will discuss the advantages and disadvantages of both villas and estate lots.
The Difference Between Villas and Estate Lots
Villas
Villas, which are regularly built in gated communities, are single-story houses built to accommodate a single-family. They generally have their own exterior patio, garden, and sometimes their own swimming pool. They can be found in the countryside and in suburbs, and sometimes share a wall with their neighbor. In gated communities, villas are generally built in the same style and have the same maintenance and insurance requirements as normal houses.
Advantages of a villa
When you live in a villa, you have your own personal space. From owning a pet to hosting a party, owning a villa gives you a sense of freedom and satisfaction. Unlike most homes where homeowners are responsible for the upkeep of the grounds, those who live in a villa have yard maintenance crews perform the work.
A villa is a large house that gives more space inside the house itself. Villas also offer peace and serenity from being away from the hustle and bustle of everyday life. Enjoying the slower pace of countryside life is a big advantage.
Disadvantages of Living in a Villa
Although you can own a villa within city limits, owning a villa in the countryside means being away from public transport. Therefore, travel costs into the closest town or city will need to be considered. Villas are much more expensive than estate lots, and if you are living in a villa in a gated community, there are Homeowners Association (HOA) costs to keep in mind.
Estate Lots
An estate lot is a narrow portion of land that has been assigned by a governing body. Many people consider an estate lot as a long-term investment that you can pass on from generation to generation, or from one family member to another. Estate lots are spacious residential properties on which you can build a house. The five types of estate lots to choose from include:
- Interior lots (most common)
- Corner lots
- Flag lots
- Cul-de-Sac lots
- T-Intersection lots
Advantages of an Estate lot
Affordability is one of the main advantages of owning an estate lot. Smaller lots are cheaper than larger lots in most areas. You can live in your dream home, be close to work, and be close to your family, while still having money to spare or save. Estate lots allow you to build upwards and require less upkeep and maintenance.
Disadvantages of an Estate lot
In some neighborhoods, estate lots may be close together and hinder your privacy. Visual uniformity of the houses and surrounding noise in busy communities are also potential disadvantages. There are also restrictions as to what types of trees you can plant.
Buying a house is an investment and there are big decisions you must make. Being informed helps you make wiser choices. Arm yourself with as much information as you can before going ahead with your investment. Consulting a property advisor is always a good idea.
Additional Reading: What To Look For When Buying Land To Build A House
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