Buying a new home every aspect of your decision should be taken carefully. As a buyer you will always have two option to go for, first is to opt for read to move in flats or under construction residential project. Both the options have their own advantages and disadvantages, it the responsibility of the buyer to take the right decision according to his/her needs.

Which is the best option for you Ready To Move In Flats or Under-Construction property, let us discuss the advantages and disadvantages of both -

 

ADVANTAGES OF READY TO MOVE IN FLATS -

A home buyer should prefer ready to move flats, because it allows to move in immediately and also save on your rent. In ready to move in flats you get to take possession of the property immediately and you get exactly what you have explored before You get relief from high rent and save money that you have to pay in rent.

One of the big advantage of it is that you can explore the society and your neighbors, also you can check on the quality of the property before you buy it. But in case of under-construction properties you are never sure what quality will be implemented and who will be your neighbors.

DISADVANTAGE OF READY TO MOVE IN FLATS -

Ready to move in flats are 25% costlier than under-construction property, this means that the overall investment in ready to move property is expensive than under-construction property.

In a ready to move property you cannot be sure of the quality in terms of materials. There are chances of getting cheated, as in many cases one property has been sold to many, that is why it is necessary to first check important things and document, very thoroughly.

 

ADVANTAGES OF UNDER-CONSTRUCTION PROPERTIES -

The best part of under-construction properties are that they are cheaper and affordable in comparison to ready to move properties.

The buyers have the freedom to choose his floor and customize the internal layouts of the flats, but in case of ready to move flats, the available flats is all you have to choose from.

EMIs are paid as the project work goes on, and the EMI's in under-construction cases are low in the starting stage.

Since, under-construction properties are generally in the non-core part of the city, which may get you higher returns as the price appreciation due to future infrastructural developments in the area, will bring good ROI.

DISADVANTAGES OF UNDER-CONSTRUCTION PROPERTIES -

Investing in under-construction property is a risk, because sometimes the builders do not finish the project due to many legal disputes and professional reasons.

There are also the chances of meeting false promises, you may not get the flat which was promised or you desired for. Many builder show you a sample flat, which has been decorated so elegantly and attractively, that you fall for it and immediately book one flat and over the time you will be with full of expectations from your under constructed flat. But the day you get the possession, you will notice that lot of the things are not upto your expectations or you may not like the layout or interior of your flat.

Quality of the work, may also get compromised or the features mentioned in the project is not present in it.

 

CONCLUSION -The decision is totally upto the buyers and their financial status. If you have long time with enough saving to wait and ready to take the risk then you can go for under-construction properties. And if you are ready and cannot take the risk of investing your money in an under-construction property, then consider opting for ready to move flats.

Also, take decision carefully, and must research thoroughly about both the properties, and decide smartly that which kind will suit you the best.

Please, if you have any experience on this regard, then post a comment about it and share it with all of us.