While choosing a flat or apartment for purchase is no easy task, it further adds to the dilemma of homebuyers as multiple advantages and disadvantages that are inherently linked to under-construction homes and ready-to-move flats and home. The cost of the home unit is one of the major factors that ultimately comes into play when a homebuyer zeroes in on an apartment or flat. However, other factors like construction quality, capital gain returns, and so on, in many cases, offset the all-important factor of cost.
An under-construction home anywhere in the real estate market across the country is somewhat, lower in price as compared to that of ready-to-move flats or units in any other project similar in size, scope, location, and amenities.
The biggest advantage of ready-to-move flats and apartments is that you know what you buy. The quality of construction can be verified by the buyer before investing in a ready-to-move home. The homebuyer is also convinced that the flats or apartments match exactly the features and amenities that are provided by the real estate builder. In comparison, under-construction home in developing projects are often subject to change at the time of delivery. Also, the amenities like swimming pools, green spaces, lifts, parking spaces, or construction quality material are often compromised at the time a homebuyer takes possession of the flat as compared to the features highlighted in the sales brochure.
One of the prime benefits of ready-to-move flats or home is the absence of any waiting period. All you have got to try and do is create the payment, bear all the documentation work and move in. This conjointly saves you from the double burden of paying your rent and also the EMIs, just in case you’re obtaining the house purchase supported. Unlike an under-construction unit, just in case of a prepared unit, you really get what you have got because the unit is prepared for you to examine before you nail down the acquisition, there’s no risk of discrepancies with the secure layout, features, and amenities, among different vital things. The recently enforced merchandise and Services Tax (GST) levies a 5 p.c tax on the purchase of under-construction properties. Prepared properties, however, the area unit omitted the extent of GST.
An under-construction house is being a stronger possibility for those that aren’t end-users however invest in properties for returns. the price of an under-construction home escalates with stages of completion. The difference in the price of the under-construction unit at the time of booking and at the time of occupation is large. The best leap in terms of value takes place as presently because the flat is handed over to the customer.
However, it is up to the homebuyer to choose the home or apartment as per their needs and investment purposes. The under-construction house or ready to move homes, Though Agrawal Builders, provide both types of flats & apartments as per home buyer needs and aspirations, providing quality service in real estate sectors for more than 3 decades.
Written By – Mukund Kumar Pandey
About Agrawal Builders: It is a premium real estate developing firm in Bhopal with a wide range of residential properties and beautiful amenities like a modern clubhouse, gymnasium, swimming pools, parks, and garden, etc.