Advantages of Purchasing Ready to Move In Properties

by Vineet Karhana Digital Marketing Executive

Over the years, the demand for "Ready To Move In Flats" has grown more than that for "under construction flats." People are more in favour of ready-made flats due to their mistrust in the project's completion. Furthermore, the lack of time has made this condition more of a need than a choice. For these flats, handover delays are now frequent occurrences. Under-construction homes have been proven to carry a higher risk of financial loss.

without hassles or delays

While buying a property that is still being built carries dangers, buying a ready-made apartment does not because you receive the apartment immediately after purchase.

Extra money

If you already have a home to live in, you can utilise the ready-made apartment as a rental. Your family may be able to earn extra money from the rent. Indeed, it is a wise investment.

Loan approval is simpler

As there are fewer risks involved, a bank is always prepared to approve the loan without any fuss for a property that has already been built. There are more financing options accessible, and they offer loans at better rates.

Negotiable

In the case of apartments that are ready to move into, negotiations are conceivable; however, this is not the case with developments that are still being built. The dealer may easily agree to a negotiable price or a better deal in order to sell the unit, which otherwise wouldn't have been possible. Additionally, the dealer might even provide the customer a free parking space in an effort to sell the property.

Fixed cost

In contrast to incomplete projects where you must pay the money in instalments, frequently raising the predetermined amount at each instalment, ready-made apartments don't have this problem. Even some property managers claim that one need not pay GST for a project that has already been completed.

In Gurgaon, there are a lot of available apartments. Yes, it is true that ready-made apartments cost more than residences still being built, but these investments are hassle-free and can help you make more money than the latter. In addition, you are aware of what you are purchasing, which is not the case when all you see is a construction project's blueprint. Therefore, ready-made apartments are more in demand than unfinished or almost finished buildings these days among homebuyers.