Why You Should Pick A New Construction Over Resale Property?

by Harshitha Vardhan Blogger and Traveller

The demand for real estate is always on the rise. People are always looking to invest in new properties as a means for future investment. This is one of the reasons flats for sale in Hyderabad are coming up every day. Purchasing a flat is one of the biggest decisions for every person. The big decision is whether to purchase a new flat or go in for a resale.

For those that are not aware, purchasing a new flat means purchasing it directly from the builder or the developer. Purchasing a resale flat means purchasing flats that had a previous owner. Choosing between the two flats is a tough choice and there are a number of factors that you need to take into consideration. Here we will look at the major factors that you should look at and help with your decision.

Budget

Budget plays a major role in any decision to purchase. While purchasing a resale flat may be cheaper, there are a number of other expenses that come in later. These include utility charges, stamp duty charges, transfer fees as well as registration fees. Another problem with resale homes is there may be a bit of maintenance or repairs that need to be undertaken. If you are not careful while purchasing the home, you may even end up with an outstanding electricity bill of the previous owners. Once the flat is in your name, no one is going to offer to pay for the outstanding bills.

When you look at flats for sale in Gachibowli, you will not face any of the problems stated above. All the overhead expenses are taken care of in the amount that you pay to the developer. You will also get brand new flats and this means that there will be no repairs or maintenance needed.

Flexibility

When you purchase a resale flat, the design of the flat is already fixed. This means that the wiring and the fittings are something that you will have to live with. You cannot add an additional electric point if you want to. With new flats in Hyderabad, you can coordinate with the developer in the building phase itself. If you have certain inputs, you can inform the developer about the same and they will get it implemented when your flat is ready.

Energy Efficiency

Purchasing a resale flat means living with old wirings and huge electric bills piling up. There is the option of making changes in the home however; that demands more money. When you purchase a flat, there are a number of expenses that come up. When it comes a new construction, the new energy efficiency norms are met. These new flats come with energy certified roofs, covering walls, windows and doors. You will not receive any kind of certification with a resale flat. Today most new constructions offer smart homes. Converting an existing flat into a smart home costs a lot of money and this is something that you will need to take into consideration.

Conclusion

Whatever your needs are, you should always ensure that you opt in for a new construction rather than a resale flat. While some may think that this costs more, on the contrary it saves you money.