Ready to move in homes are flats, bungalows or villas, which have all construction completed and where you can move in to reside immediately if it suits your purpose.
Time factor â Chances of delays in possession of the property due to economic, legal or other factors are eliminated when buying a ready to move in home.
Cost factor â On the face of it, a ready to move home costs more than an under-construction one. Since there is less risk involved in ready to move in property, a buyer will always have to pay a higher premium. If you go for an under-construction home, you often end up staying on rent at a different place, which is a significant expense. In addition to it, the mortgage taken to purchase the home has a running interest payment which is made every month to the bank. This adds to costs of home purchase. At times the load of paying rent and interest together can be challenging for a few people.
Quality factor â For a home buyer looking for their dream home, the quality of the home is of utmost importance and with good reason. With a ready to move home, the key takeaway is âwhat you see is what you getâ.
Better infrastructure â The decision of purchasing a home does not depend on the home or the society it is in alone, but also needs to take into account whether the location is well-connected and has the necessary social and physical infrastructure such as good roads, educational institutions, malls/shopping centres, hospitals etc. nearby.
A ready to move in home will usually be in a completed project and this alone ensures that not only will road connectivity be taken care of already, many service providers will also have set up their establishments to serve the new residents.
Rental income potentialâ Investors generally buy houses with an aim of earning rental income or to re-sell them at a profit. Buying a property that is âready to move inâ helps in starting the process of income generation through rentals immediately.
Buying a ready to move in house helps you inspect what you are buying. The living spaces are there for you to see, how it looks and how good is the construction, the size of rooms, how open and well lit are the rooms, how big is the kitchen, the quality of the fittings, the flooring, what are the amenities and common facilities provided by the developer and you can fairly visualize how well it accomplishes and satisfies your own requirements.
Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/real-estate.php/494380
Article Added on Monday, July 15, 2019
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