Buyers seem to have developed the taste of ready to move in properties, however the under-construction properties no less in terms of QUALITY and COST. If we perform due DILIGENCE on the project, location, price, developer and other related aspects, the under-construction projects offer higher appreciation than ready to move in properties
Buying a Flat or a Villa in under-construction stage has a good number of benefits to the customers. When investing in an under-construction property you have plenty of time to customize your house as per your needs and preferences. Many construction companies from time to time come up with many innovative offers that will help customers to buy not only at the best prices but also with many flexible payment options.
Make Payment With Ease
As you are buying an under-construction property, so there is not an urgent need of paying the whole amount in one go. Generally, construction firms ask you to deposit the money in phases and deposit the maximum amount at the time of possession. You can start paying the EMIs of that down payment be it 10% or 20% of the whole amount, but these EMIs are within your reach.
When you are planning from an investment point of view, it’s one of the best investment options available in real estate. The value of the property increases from under construction to ready to move. The difference in the price value between under construction to ready to move stage can be considered as a good profit. The number of flats or luxury flats you choose to buy in an under-construction property, the better the advantage. Besides, as the loan amount of the construction is smaller, your EMI’s will be smaller, and your loan burden will be less.
Read More: Why Should You Buy Your House through Home Loan?
Wider And Better Options
Buying an under-construction property is easier on your pocket when compared to the ready to move in property. Besides, you can choose whichever floor you want as there is plenty of choices to make in an under-construction property. You can see the kind of specifications that the builders are using from time to time. There is a tremendous scope for you to design and customize as per your needs and requirements. Furthermore, you may perform any non-structural changes as per your requirement.
When you book an under-construction property, you get wider choices and more options to select from. Every other day Construction Companies launch a new project at different locations. So you can choose allocation and even the floor of your future flat as per your wishes and convenience.
Price Appreciation
This is another feature and advantage of buying an under-construction property. Whichever the properties are developed within the City or under developing areas the chances of price appreciation with under-construction projects are higher when compared to ready to move in properties. By the time your project is completed in the stipulated time, the capital value of your property will increase. When you are buying an under-construction property, you have an ample amount of time to make payments and no need to pay the full amount at one go. If you want to resell the property when the property is ready to move in, there are more possibilities of price appreciation of the property.
More Constructed Area And Better Facilities
The builders offer you a great deal in terms of constructed area and facilities. If you are buying an apartment or 3-4 BHK then the builder will offer you various in-house and other facilities related to the re-creation and all within the society campus. Even the covered area of these houses is more as compared to the covered area of the ready-to-move-in property in the same budget.
By considering the above points and buying under-construction property make your dream of luxury living come true.
