Would you Prefer a Ready-to-Occupy Flat?
Most of us would like to live life the easiest way by occupy a well-furnished flat with no hassles of arranging or being impatient while waiting for a home to be completed. The latest trend of buying properties in India has experienced that most of the people prefer buying ready-to-occupy flat for innumerable reasons.
- The recent research shows that most of the serious home buyers opt in for ready-to-occupy homes. This is beneficial to them in various ways like they will not have to pay ounces of money as rent and can live in a place with all the required facilities rather than waiting for months for a project to be completed. Also, according to an investor’s point of view, a ready-to-occupy flat will get him lower returns on investment when compared to the flats under construction.
- The current generation of home buyers are much smarter than the previous generation when it comes to home buying. They know the consequences and the benefits of staying in a ready-to-move flat and an under construction flat. With the invent of various methods and rules, property buyers make sure that their investments are done at the right place which is safe and productive. It is always important that a thorough check is done before opting for a property. Other aspects like the inspection of the past projects of builders, the history of the builders and the promised facilities and quality by the builder also should be considered.
- People these days opt for a ready-to-move in apartment because there are various risks involved with other forms of properties like; An under construction project can experience a delay, difference in the planned layout, price fluctuations and many other legal issues. These issues on the other hand, have an advantage of the investors having a higher probability of returns and most of the investors buying a second home look for higher returns by investing in under construction flats.
- When it comes to property buying, most of the home buyers are keen to buy ready-to-move in flats and are the locals of the city. This shows that the mind set of people has changed who have decided to stay in areas which were disliked earlier.
- Perhaps, on the other side, depending on the stage of a project’s construction, there is an increased demand for the under construction projects when compared to ready-to-occupy apartments. Apartments/flats which are ready-to-occupy are extremely priced without considering the average middle class families which form one of the important parts of the real estate sector. The maximum numbers of people present in the real estate sector are the ones which fall in the middle class category list.
- Since the ready-to-occupy properties are quite expensive the buyers would like to opt for other forms of properties as well. In such cases the buyer is offered with subvention schemes wherein the buyer can also enjoy a pre EMI holiday. This is helpful for people who stay in a rented home.
- Other advantages of opting for a ready-to-occupy home is that the investor need not fret about paying the rent once he starts staying in a ready flat. Also the flat owner gets an immediate income through the EMIs paid by the investor. Also it gives a clear idea about the structure and the complete design of the flat.
Also read:
Checklist for Buying a Property
