Should I Invest In Under-Construction Or Ready To Move Property?

Buying a property is one of the most significant investments a person does. It can consume all your income and leave you in dept for many years. Therefore, you need to do serious research before buying a property whether it is ready to move or under construction property. You might face a lot of ambiguities while deciding for a property to invest in. We're here to share some of your confusions and give you some clarity so that you can make the best possible decision.

Buying a property is one of the most significant investments a person does. It can consume all your income and leave you in dept for many years. Therefore, you need to do serious research before buying a property whether it is ready to move or under construction property. You might face a lot of ambiguities while deciding for a property to invest in. We're here to share some of your confusions and give you some clarity so that you can make the best possible decision.

Under-Construction Vs Ready To Move Property

Nowadays people discovered an interest in investing ready to move properties because they can occupy their apartments as soon as they buy. There is no lack of quality in such properties, but the initial investigation is much required in this case. On the other hand, if you invest in under-construction properties, you can continuously keep an eye on the property and make sure that it is being developed following RERA guidelines and proper standards. The experts at Raghuvir Developers suggest you shift your focus more towards under-construction flats which comes with many benefits such as personal customisation, lower prices, tax benefits etc. Raghuvir Developers and Builders also have launched a number of under-construction apartments in Surat, Gujarat - India which comes with lucrative offers and attractive schemes for easy payments. Some of the residential properties you can pre-book in Surat are Raghuvir Silverstone, Raghuvir Spalex, Raghuvir Spectrum etc. You can also check the details of all these projects and how they will be built on Raghuvir's Official Website.

Not convinced enough? Check some other benefits of investing in under-construction properties below:

The advantage of investing in under construction property over ready-to-move property:

SILVERSTONE 2

Design according to personal taste

If you buy an under construction property, you have the privilege of designing the interiors of your property according to your will. You can add new features to the park as per your choice. Unlike a ready to move property, under construction property give you the scope of modification. This way, you can make your home more like yours.

Under-construction properties are cheaper

Under-construction properties are less expensive as compared to Ready To Move ones. If you go for the under-construction property, you can get 20 - 30% bigger property in the same amount when compared to ready-to-move property.

More Payment Flexibility

If you are buying a completed or ready to move property, then you have to pay the full amount at once. On the contrary, if you invest in under construction property you need to pay 10% of the amount in advance while booking for the property. You can pay the rest of the money in instalments. You can choose your payment plan according to your convenience. This provides more payment flexibility in case of under construction properties.

More Choices

You have a better choice of property in under construction property because the property has just gone under development and yet to be booked. You can choose the location of the property by considering wind and light direction and at a height as you require and can finalise a unit of your own choice. While in ready to move properties, there is a lack of units because other users have already reserved most of them.

If you are interested in buying under-construction flats in Surat, do check Raghuvir's under-construction projects below:

  1. Raghuvir Silverstone
  2. Raghuvir Spalex
  3. Raghuvir Spectrum

If you choose to invest in any of the above-mentioned properties, can avail their easy payment plans and pay your instalments hassle-free.

In case you need to move instantly and want to invest in Ready To Move Property, you can still get a variety of advantages. Here they are:

Advantages of investing in ready in property :

  1. In case of ready to move in property, you can claim tax benefits on a home loan.  There is a huge capital tax benefit in ready to move property. There is no service tax involved in such properties while in under construction property tax benefits can only be claimed only after you get proper ownership.
  2. In ready to move property, there is a lower risk of delay in the project, because the project is already completed and ready to move. You just need to complete legal formalities before moving to your new home. There is no waiting period in these kinds of projects. While in under construction property delaying in the project is very common. So you need to be very careful thinking about these factors.
  3. You get relief from your rentals. If you buy a ready to move property, then you just need to pay monthly EMI with no down payment. And if you don't want to move now to your property then you can put it on rent and start earning and this will benefit to pay your EMI's easily. While in under construction property you have to pay EMI's along with rent until the project is completed. This will put more burdens on your pocket.
  4. If you go for a ready to move in property, you get what the dealer shows you. You see the property and finalise it according to your requirements, and you will get it as you saw it. While in under construction property project design may differ slightly from what you saw on papers.

You need to research a lot and also think about your own financial conditions before investing in such properties. Home buying is a safe investment. On the Real Estate Regulation Act's official website, you will get full information about the developers and their past deals and make your investments more secure. If you're low on budget and don't need to move-in immediately, buying under-construction property is the best choice for you.

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