consumer preference for apartment

Technical presentationon

Reasons behind consumer preference for colonial housing and apartment

Presented by : Indra Man MaharjanRoll no:1307201249

Course: WMBA IIIrd semester (20114 fall)

Content

• Introduction

• Why do people prefer colonial housing and apartments?

• Limitations

• conclusion

Introduction

• Colonial housing:

The group similar houses at least 2-story often with columns in front and usually symmetrical with many windows.

• Apartment

Apartment is a set of well furnished rooms for living in, usually on one floor of a large building.

• Individual house

A single house made for living one or few families.

Why do people prefer colonial

housing and apartments?

1. Availability of space:

Urban cities like Kathmandu, Pokhara, Biratnagar, there is very less empty land for making individual houses and those empty lands are also very expensive.

2. Cost effective:

• Buying apartment and colonial house is cheaper than individual house.

• Living in an apartment allows you to avoid property taxes associated with owning a house, which saves you a lot of money over time.

3. Lifestyle and family structure:

• Now a days people live in nuclear family than joint family so they do not need more space so apartment is best for them

• In city many people come for study, jobs and other work so they live alone. An apartment is perfect if you live alone and do not require a large amount of space

4. Security

• many apartments include a professionally installed security system, which increases your safety.

• In many colony and apartment there is a security gate,CCTV camera and security guards.

5. No maintenance skills required:

living in an apartment does not require you to have any maintenance skills because a team of maintenance professionals repairs everything for you.

6. Different floor plan options:

One of the main advantages of apartment living is the many floor plans you have access to, as you can choose from several different one-, two-, or three-bedroom floor plans.

7. Many parking options:

depending on the complex you choose, you may have many different parking options, which allows you to select the one that suits your budget best.

8. Amenities.

Things like a swimming pool, tennis courts or a fitness room are things that many people would like in their homes, but may not be able to afford. However, it’s easily available in many apartment complexes – particularly larger ones

Limitations

• Maintenance of the common facilities would come at a cost.

• Limited or no freedom to make modifications to the exteriors your home.

• Very limited space to develop interests such gardening or growing smaller farm animals .

• No flexibility to expand the space for future needs as your children grow or if your parents move in to live with you.

conclusion

• Though there are few limitations of colonial housing and apartments due to many advantages, colonial housing and apartments are best for city areas. So consumers prefer colonial housing and apartments in these areas.