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Ready to Move in Versus Under-Construction Projects: Which One to Choose?
Owning a home adds more value to your life than living on rent doesn’t. Buying a home is no easy task. So, do you choose a ready-to-move-in home or an under-construction project? While there are advantages and disadvantages to both, let us dive into both to see what fits you the best.
Ready to Move-in
Many people feel ready-to-move-in homes are much safer especially after the experience of the pandemic times. While the under-construction property is an affordable investment, a ready-to-move home is instant and safe. One doesn’t have to wait for the project to be completed or deal with the chaos of disputes we usually hear about under-construction properties. There is no uncertainty which makes us feel a sense of security. Ready to move in flats allow you to see if all the amenities promised are fulfilled or not. During the pandemic lockdowns, many construction projects have come to halt due to a shortage of labourers. This has led home buyers to fear under-construction projects. Due to this situation, the state government has allowed developers to not pay compensation for deferment. Ready to move-in homes are low risk.
Under-Construction Homes
Under-construction homes are often open to pre-booking under major discount schemes. Under-construction homes in developing parts of the city have the potential for price appreciation too. So, if you can find an under-construction project in a developing area you are not only buying it for a bargain price but also enjoying the appreciation in the long run. But it makes sense only if the buyer has researched the location and future plans around that area thoroughly.
Ready to Move-in vs Under Construction Home
Verdict
Location, commute requirements and your budget play an important part in purchasing a kind property. Both options are good if one is sure of all the necessary approvals and licences of said property. If the project or developer is reputable both options are equally viable.
You have to take all the above factors into account before investing in a property. The reputation of the developer is very important to avoid any disappointing surprises. Many banks are offered loans with less interest rates since 2020 which is an advantage for home buyers. If you want a good capitalistic value from the property you purchase, then you should consider Lakshmi Infra’s Emperia, Miyapur & Lakshmi Infra’s Cadillac, Kondapur. We ensure you invest in premium quality homes at affordable prices. Thousands of families trust us for premium Ready to Move or nearing possession flats. Connect with us on social media platforms for more information regarding any of our projects. See you soon!
