Buying a property is not an easy task. You have to think a lot of things through, consider a lot of options before sealing the deal. While investing in property, you will face a lot of dilemmas! Whether to choose an under-construction property or a ready to move in property will be one of them.
Here’s a guide to help you narrow down your choice:
Advantages of an under-construction property
Low rates- When compared to a ready to move in property, the under constructed one is less expensive. The overall investment in an under-construction property is much lesser than a ready possession property.
Higher return- While buying a property, a buyer expects the property to yield a higher return on investment, and this is possible when you are opting for an under constructed one. Due to an extended window period between the buying stage and delivery timeline, the under constructed property is expected to yield a higher return on investment.
Flexible Payment Options- In order to attract buyers, the builders and developers offer subvention schemes and attractive flexi-payment plans. From a buyer’s point of view, these kinds of options can be a real deal maker.
Advantages of a ready to move in property
Availability- If you are not the patient ones and are not willing to wait, the ready to move in property is for you. Unlike the under-construction properties, in ready to move in property, all you have to do is make the payment, go through all the documentation work and move in.
You see what you paid for- Unlike the under-construction properties, in ready to move in property you can see what you actually get and what you are paying for. You can inspect and consider all choice and options before making the final decision.
Immediate resale- A ready possession home is easy to access and easy to resale. Selling a ready to move in property is much easier and hassle-free then selling an under-construction home. These kinds of homes also have a great demand in the property market.