Ready to move or under construction: which is better?
Buying a house of your choice is not that easy a task. There is lot of confusions while planning to go for it. Certain parameters need to be taken into consideration while buying real estate properties. People also get confused they should buy ready to move in houses or under construction houses. Clients have to look at diverse pros and cons while making a decision for the same. Explore the various choices in Gated Community flats for sale in Hyderabad as per your liking and then make a decision.
In this current period, marketing is in trending by the developers so that they can increase the sales volume of the Duplex apartments in Hyderabad before the project gets into the completion mode. Also, there is a constant tussle if deciding which property to buy – a ready to move or under-construction property. We put forward the pros and cons of both the alternatives to ease your decision.
Please feel free to consider the following checkpoints while planning for buying under-construction property
Easy on pocket: Payment process becomes easy: It has been identified that under-construction Houses/Flats for sale in Hyderabad are available at comparatively lower rates in comparison to ready-to-move-in homes. Moreover, under- construction homes are highly convenient to go with. You can customize the house as per your choice and payment can also be made in different stages.
High return rate in future: If you would prefer considering under-construction homes/ Flats for sale in Hyderabad, it is good to consider the future development graph, there is a big scope of enjoying high returns.
The options for under-construction houses in terms of site, space, locality, amenities and price factor are wide compared to the ready-to-move-in homes.
There are some risk factors that are associated with under-construction properties- these risks are
Long waiting time: the majority of the times, any under-construction project takes a very long time and crosses the deadlines. Moreover, at times, there is a scarcity of funds too. The developers are not able to complete the real estate project in any given stipulated time frame. They start using low-quality material and at times buyers have to face huge loss (approximate double loss). The buyers have to pay home EMIs for Flats for sale in Hyderabad along with paying rents to the applicable parties etc.
Wrong delivery: At times, the projects are not what had been promised to the clients while making the deals. The deviations in terms of committed plans and delivered plans are glaring, at times. As a buyer, you might get caught off guard and have the very little option than to gulp the reality.
Ready-to-move-in properties are always worthwhile
Most of the times, there is a long delay in getting under-construction properties. So, it is always preferred to buy Ready-to-move-properties
Some big advantages of Ready-to-move-properties
You can purchase what you are seeing: you will be provided with all the amenities what you see, you can also check who will be your neighbors, however, in case if an under-construction-property, you cannot identify or see what is being offered and what is being provided with. It is always a good practice to discuss with the fellow people who are always staying to cross check about the facilities available in the project
Instant relief from paying rent: When you plan to switch to Ready-to-move-properties, you need not to pay rent and you will be highly relaxed. You can customize the home as per your choice too
Challenges while opting for the ready-to-move-in house:
Heavy on pocket: the associated cost of ready to move in houses in comparatively very high instead of under-construction properties. Options for paying the amount in EMIs are lost.
Lots of paperwork: while getting into the ready-to-move-in properties, you have to complete huge documentation work and lots of legal parties are involved in it.
Cannot check quality material: It is not possible for you to check the quality material of used while moving for ready-to-move-in homes like Duplex apartments in Hyderabad.