While searching for a property, the very first thing that comes up is whether to buy a ready-to-move apartment or an under-construction apartment? However, most people prefer buying under-construction houses as they get a good property on a lower budget. Gone are the days when people believed that buying under-construction properties was risky. Nowadays, buying under-construction apartments can be pretty profitable.
Now let us take a look at the advantages of buying under-construction apartments.
One of the most important factors that you must consider before buying an apartment is the cost of the property. Usually, an under-construction 2BHK Flat In Gurgaon will cost less than a ready-to-move-in apartment. Also, when opting for under-construction properties, homebuyers can choose from various options. Possession might get delayed, but the cost is worth it.
Also, with RERA in place, if the developer or the construction company does not deliver within the deadline, they are liable to pay compensation to the buyer. This is a significant advantage of booking an under-construction house.
2. Payment flexibility
When you buy a ready-to-move-in house, you must pay the entire amount. Additionally, there are other charges like registration charges, stamp duty and miscellaneous expenses.
However, at the initial stage of construction of an under-construction property, you only need to pay 10 to 15% or less as the registration amount. Next, after a certain time, you can start paying EMI to the bank if the property is financed, or you can pay directly to the construction company as per the payment schedule.
3. Better appreciation value
As the cost of an under-construction house is lower than a ready-made apartment, the appreciation value is expected to increase with time. As the construction work progresses, the overall cost of your property will also increase. So during the completion stage, you can earn a substantial profit easily.
For a better return on investment on the under-construction house, it is advised that you check the location, employment hubs in the area, upcoming infrastructures and what other facilities are available in your locality.
4. Exclusive discounts and offers
It is almost impossible to get a discount on a ready-to-move property. As the construction is complete, you have to pay the property’s market price and pay additional charges depending on the amenities. But when buying an under-construction property, the builder offers various types of discounts and gifts that include a free modular kitchen, air conditioner, gold coin, free parking and a discount over the maintenance fee. Additionally, while buying an under-construction house, you can also negotiate the final price with the buyer.
5. New properties
When you are opting for under-construction houses, you get a completely new home which is not the case when people buy ready-to-move-in properties because mostly they get second-hand apartments.
Additionally, you do not have to spend for repairs or maintenance. If there are any issues during the under-construction phase or the pre-possession stage, the developer will be paying for the repairs and not you.
So in simple words buying an under-construction house will be profitable for you. Additionally, you also get the opportunity to customise your house as per your requirements, and you can also keep a close eye during the construction phase. If you are looking for the best under-construction houses, you may consider visiting Krisumi Apartments in Gurgaon.