A quick guide to choose between a ready to move in apartment and under construction apartment.

 

With this Blog, we offer our readers the do’s and don’ts of buying a ready to move in apartment vs under constructionapartment in Bangalore.

Bangalore is a city with various types of real estate properties at your disposal. Most of these properties are either ready to occupy apartments or under construction apartments. Buyers must understand what to invest on, when to invest on, and how much to invest on, when it comes to residential properties in Bangalore.

Ready to move in apartments vs underconstruction apartments have their own advantages and disadvantages. Some of them are mentioned below. It totally depends on the buyers persona, when it comes to making the choice of the type of apartment.

Points to consider when choosing a ready to move in property

The major points a buyer to consider when he or she finalises on a ready to move in property is the location, Amenities, Build quality, and Price. Yes, these are some out of the many things you must cross out of your checklist when you go real estate shopping for a ready to move in property. 

Location is the primary objective when you are purchasing a property. The advantage of buying a ready to move in apartment is that you need not pay GST. The final output is physically available in front of you. This will in turn help you decide well, and make the choice. You need not depend on designs or images of what will be, post construction.

The buyers need not wait for over a year or so for the apartment to be constructed and can in fact move in immediately. The process of purchase and payments must be carried out with a lot of sensitivity and transparency, between you and the builder.

Points to consider when choosing a under construction property

As we earlier said, it all depends on the buyer persona when they choose between a ready to move in apartment vs under construction apartment. Each of these types of apartments come with different benefits.

For example, an under-constructionapartment is available at a way cheaper price than a ready to move in apartment. The reason is that as and when the project reaches completion, the demand for flats rises and so does the price. Also, for an under-construction apartment, you need not pay the entire value at one go, as you would have to do in the case of ready to move in apartment. Buyers will be asked to pay in instalments as and when there is progress in construction. Of course, there is always the option of home loans for easy EMI payments.

Points a buyer should consider while purchasing a under construction apartment are very similar to that of a ready to move in apartment. They are the location of the project, the amenities offered, and the price. Apart form these, buyers must also track the legal matters of the property. This is to avoid any kind of legal implications on the property that might affect the construction of the project.

Visit our website sgrbuildtech.com for more on ready to move in vs under construction homes in Bangalore.