Difference between Apartment and Flat: Flats vs. apartments

This is an era of high-rise buildings with breathtaking views. Gone are the days when independent homes were preferred. Individuals today go for apartments or flats with luxe amenities, quality construction, and more.

Now, most of us tend to use flats and apartments synonymously. But is there a difference between apartment and flat? Today, we are here to tell you all about it in the article below. Let’s start!

What Is A Flat? 

According to the dictionary, a flat is a set of rooms forming an individual residence, typically on one floor and within a larger building containing a number of such residences.

The term ‘flats’ is mostly used in the UK and some other parts of the world. It is a common word in British English. The word ‘flat’ is said to have originated from Middle English and Old English words such as “flett” or “flet,” which referred to a floor or story of a building.

What Is An Apartment?

Once upon a time, apartments meant any separate room or set of rooms within a larger building. Infact, the word apartment originated from the Italian word “appartamento,” which means “a separated place” or “separate accommodation.” 

The word apartment then entered the English language in the 17th century. Today, an apartment mean a self-contained residential unit within a building, that contains multiple such units.

Difference between Flat and Apartment 

As you can see, the difference between flats vs apartments is relatively insubstantial. It mostly depends on the region you are in. British usually call it a flat while Americans refer to these buildings as apartments. However, let’s dig deep and understand more about the difference between flat and apartment. 

Flat vs Apartment – by Definition

According to the Oxford Dictionary, a flat and apartments are defined as a set of rooms for living in, usually on one floor of a building. While they are used interchangeably, an apartment usually points to a more luxurious accommodation rather than something very basic. It also suggests a sense of separateness and independence within a communal structure.

Flat vs Apartment – By Language

The term ‘flat’ is used in British English whereas apartments is used in North American English. Also, in countries influenced by British English, such as Australia, New Zealand, and parts of Canada, “flat” is the preferred term.

Flat vs Apartment – By Storeys

Flats are usually on one level. However, apartments are two levels. Infact, a duplex can also be considered an apartment. 

Flat vs Apartment – By Features

Usually, flats refer to basic living units. So, they don’t come with anything posh. That said, apartments usually refer to buildings with high-end construction, luxurious amenities, and more. 

What Should You Buy: Apartment vs Flat

Now, you know what is the difference between an apartment and flat. Therefore, it all comes down to individual preferences. However, here are a few factors you can consider. 

Location 

Location should always take priority when it comes to choosing between flats vs apartments. Let’s say you are looking for residences for yourself. Then, you must ensure it’s closer to your workspace so you don’t spend too much time on your daily commute. Next, you must ensure schools, hospitals, supermarkets, etc. are all close by. It shouldn’t feel like you have to travel kilometers just to buy groceries. This is where apartments come in as they are usually part of urban living. 

However, if it is for investment, and you know the locality will develop in the future, you can go for flats. But remember, don’t go for anything too isolated, and make sure you conduct your research. 

Amenities 

As aforementioned, flats usually come with basic amenities whereas apartments let you indulge. Many apartments offer shared amenities such as fitness centers, swimming pools, gardens, and even concierge services. 

Most apartments are built with the idea of offering impeccable convenience with a mix of luxury. However, with flats, amenities are not always guaranteed. So, check with the builder and choose one as per your preference.  

Budget 

The next most crucial factor to consider before making a decision is the budget. See how much you are willing to shell out and consider all your financial commitments as well. Apartments can be slightly expensive as they are usually located in the heart of the city and come with a host of amenities. 

That said, for both flats vs apartments, you can opt for financing. But make sure you go with an option that’s beneficial and resonates with your goals. 

Tips for Buying a Flat or Apartment in India

Now, let’s take a look at the best tips to help you buy a flat or an apartment in India. 

Narrow Down The Where 

As aforementioned, location is crucial when it comes to purchasing your apartment. So, as per your budget, make a list of the best locations with  good infrastructure, and proximity to essential amenities like schools, hospitals, and markets. Here, make sure the locality has proper public transportation networks.

If you are looking to buy an apartment for the sake of investing, you can look at the rent market to see if it matches your goals. 

Check The Finances 

Once you have a budget in hand, see how you want to make the payments. Do you want to dip into your savings or take a loan from the bank? If you choose the latter, you must talk to multiple financial institutes to see what is the amount they are offering you as per your income and CIBIL score. Along with this, you must also compare the rate of interest to distinguish between the most lucrative offers. 

A few builders also have tie-ups with several financial institutions that make securing a loan easy. So, you can always look into it.

Consider The Layout And The Plan 

Let’s say you find a great apartment. Everything seems top-notch. But as you go inside, you see the plan of the home is sub-standard, subpar and the area feels too small. Now, buying an apartment is a big investment. Therefore, make sure you consider the carpet area of the flat and see if it is ideal for your family. 

Even if the residences are under development, you can always check the plan to see if it is something you would enjoy. Most top builders have a savvy home plan. But always look for yourself. s

Make Sure It’s Legally Okay

One of the things you must do is verify the property’s ownership, land title, and all legal documents. This must be done well in advance before you make any payments. Everything must be legally perfect and property must comply with local regulations. Also, check if it has all the necessary approvals from authorities.

You must even make an effort to understand soil and topography to check the stability of the ground. Infact, soil composition affects water absorption and drainage capabilities as well. So, research all these factors,  as it can give you an insight into construction quality. 

For instance, builders may have to take specific measures during construction to accommodate soil conditions or topographical features. For example, deep foundations or retaining walls. So, you can only verify this when you are aware of topography and soil quality.

Remember, it’s okay to take your time and do your due diligence. 

Go With A Reputed Builder 

Always choose reputed builders. This way, you know they have a track record of timely delivery, quality construction, and transparent dealings. You can look for online reviews and testimonials or talk to people who have purchased flats from the builder previously. See how true they are to their word. 

Negotiate The Price 

Once the builder has been finalized, look at the apartments they have on offer and see which matches your needs. Remember, to negotiate the price, payment schedule, and other terms with the builder to secure a favorable deal. If you are new to this, you can always get help from a professional consultant. Finally, before paying the token advance, create a buyer-builder agreement to secure your payment. 

Do A Site Visit And Check For Quality 

Make sure you visit the property site personally. See the area and locality and get a proper feel of it. Next, inspect the construction quality. You don’t want anything subpar. And, you must do this before giving your go-ahead. Check out the Surrounding neighborhood and public transportation network. You can also check with people residing nearby to understand potential issues like waterlogging, noise pollution, etc. 

Pro Tip: Create a comprehensive checklist while browsing flats to make it easier!

Conclusion

Now you know the difference between flats and apartments. In India, we tend to use flats and apartments interchangeably. But now you know there are subtle differences. Whether you are planning on buying a flat or an apartment in India, keep the above tips in mind before proceeding with the purchase. Remember, always go with a reputed builder who comes with years of experience and whose work you have already seen. This way, you know you are putting your money into a trustworthy endeavor. 

Finally, make sure the property of your choice aligns with your needs and wants. From amenities to house plan, consider all the nuances before you say yes. After all, buying an apartment is a big investment so it’s best to do it right. 

Thank you for reading our blog! We hope you found it insightful. Be sure to check out our latest blog, “How to Invest in Real Estate in India,” for more valuable information. Don’t forget to follow our other projects at “sattva aeropolis” to stay updated with our latest content and developments.

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