What is residential plot ?
A residential plot is a piece of land on which a house or other type of residential building can be built. It is typically located in a residential neighborhood and is intended for use as a private residence.
The size of a residential plot can vary, but it is generally large enough to accommodate a single-family home and any necessary outbuildings or landscaping. Some residential plots may also have amenities such as a garage or driveway.
Why need residential plot ?
- Building your own home: When you own a residential plot, you have the opportunity to build a home that is customized to your needs and preferences. This can be a rewarding experience and allow you to create a living space that is truly your own.
- Potential for appreciation: In some cases, the value of a residential plot can increase over time as the demand for housing in the area increases. This can make owning a residential plot a good investment.
- Privacy: A residential plot typically provides more privacy than an apartment or townhouse, as you are not sharing walls or common areas with other residents.
- Outdoor space: A residential plot typically comes with a larger outdoor space than an apartment or townhouse, which can be beneficial for those who enjoy spending time outdoors or have children or pets.
- Community: Owning a home in a residential neighborhood can be a great way to be a part of a community and build relationships with your neighbors.
