A Millennial's Guide to 'House-Hacking' Your 2 BHK at Purva Northern Lights

House hacking is living in your home while generating income from it, and in a world-class project like Purva Northern Lights, house-hacking is not just a dream; it is a financial move. This 25-acre township is located in the prime area in KIADB Aerospace Park, which is near the Bangalore airport and major IT hubs.

If you are looking to build a side income, a 2 BHK flat at Purva Northern Lights is your biggest asset. In this guide, we will show you how a flat in Purva Northern Lights can be turned into an asset.

Why investing in a 2BHK flat at Purva Northern Lights is the Perfect house hacking choice

A 2BHK flat is the best option for house hacking, which ranges in size from 1,010 to 1,220 sq. ft. due to the following reasons,

Enough Space: A 2BHK flat in Purva Northern Lights has enough space with 2 bedrooms, where 1 room can be used for personal use, and the other room can be rented.
Convert to Shared Premium Rental: Rent both rooms separately, and it will help to get high rental income.
Short-Term Rental Stay: Rent it on a per-day basis and get high rental income.

As the project is in a prime area near major IT hubs like Boeing, Airbus, Shell, and KIADB, the rental demand is high. Buyers can leave one room for rent and can stay in the other room, and can share the WiFi, utility bills, and the kitchen. It will often cover 40% of your monthly EMI.

Higher Rental amount with the premium amenities

When you house-hack at Purva Northern Lights, premium rent is charged when compared to other standalone apartments in the city because,

Premium amenities: Tenant will get access to spa, party halls, sauna, swimming pool, gym, sports areas, and jogging tracks.
Co-working Spaces: The township has dedicated co-working zones where professionals can easily sit and work.
Complete community: Everything is inside the community, and people who rent need not go out anywhere for their personal needs.

Real 2BHK House-Hacking Scenario at Purva Northern Lights

Rent/EMI	Amount
EMI amount for a 2BHK flat	₹55,000
Rent from 1 bedroom	₹25,000
Your actual cost	₹30,000

If 2 rooms are rented, then the full EMI amount is covered, and buyers can get huge value for their money.

Tips for First-Time House-Hackers

Here are the Tips for First-Time House-Hackers to make it profitable,

Screen Your Tenants: Screen the tenants for their workplace and allow only the person who will fit in best.
Set House Rules: Decide on guest policies early.

Conclusion

House-hacking is the best for millennials to enter the Bangalore real estate market, as the house can be turned into a wealth-building device. In Purva Northern Lights, the perfect location and a high rental demand make it the best choice to invest.