Which One is Better Investment?It’sReady to Move in Flats OR Under-Construction Projects?
Every home buyers should take a very careful decisionfor purchasing new home. The home buyers have two option residential projects, the first one is ready to move in flats and the second one is under construction. These both investmentshave their own advantages and disadvantages, this is buyer’s obligations for making their decision according to the requirements.
BENEFITS OF READY TO MOVE IN FLATS –
Ready to move flats normally most preferred by those people who need quick possession of property and get instantly relax from paying huge amount of rent by owning their own dream home.Another advantages are that the buyer can check each and everything like infrastructure rather than available facilities and amenities. In fact you may also get acknowledgement of your neighbor’s and the society.On the other hand in under-construction properties you cannot be sure about these things.
DRAWBACK& DIFFICULTIES OF READY TO MOVE IN FLATS –
In comparison of under-construction property, the ready to move in flats are 25% pricier, it means that the investment in ready to move in property is more expensive than under-construction property. There are little bit chances of cheating in terms of material quality, may be in some cases a property has been sold to many buyers, so that’s very important to check all documents meticulously.
BENEFITS OF UNDER-CONSTRUCTION PROPERTIES–
One of the best think is that with the under-construction properties are cheaper price and good payment plan in comparison of ready to move properties. In under-construction property, the buyers can customize the layout of the flats but in case of ready to move in flats you will have to choose from all available flats.
At the time of under-construction property, the amount of EMI is low in case of beginning and remaining EMIs will have to pay as time goes. In this type of investment the investors get better assured returns because usually the under-construction property is not part of the society.
DRAWBACKS& DIFFICULTIES OF UNDER-CONSTRUCTION PROPERTIES –
Investment in under-construction property may be risk in some cases because the developers leave incomplete project just because of legitimate clashes. Sometimes the developers make false promises and you will not get that flats for which you are deserved.
All of these are the benefits and drawback of both ready to move and under-construction property now it’s up to you, what you want. That is the reason many buyers contact to real estate consultants for thorough investigation.