What Are The Advantages of Buying Ready to Move Apartments?
Real Estate industry was seen showing a decline in the last few years due to various reasons that include government policies, low spending income, uneven inflation rates, and so much more. But amidst all this, one thing that consistently maintained its position was the trend of getting into a ready to move in apartments.
Ready to move in apartments are the perfect solutions for the fast-moving next-gen people looking for everything on the spot. But what is the secret sauce that makes them a hot selling option? Let’s take a look at some of the advantages of buying ready to move in apartments.
Advantages of Buying Ready to Move Apartments
1. Less Risk Factor
Risk is a major factor in home buying as the amount invested is a bomb and people tend to be super cautious while making the big decision. Many apartments that set a delivery date are frowned upon, as a thousand things can go the wrong direction after paying the token money. You may have changed your mind to something better; the building might be affected in some way; the final price might increase, and whatnot.
Hence the biggest advantages for a ready to move in an apartment is that the risk is reduced and you get your apartment without any time constraints.
2. The apartment is Delivered As-It-Is
False advertising is a thing. And not a very pleasing one when it comes to house hunting. Imagine seeing pictures, investing a hefty sum, and the end result not being up to the mark. This can make you re-think all your decisions. In ready to move in apartments, you can check everything from furniture to the types of tiles used, the wall colours, the amenities, everything. This leaves no surprises for when you actually get the possession of the house.
3. No Wait Time:
There is a wave of people moving to cities for various reasons, and they require immediate accommodation. For them, a waiting time of a few weeks, or a few months is an added inconvenience. These apartments ease their pressure as they can fill in as soon as they have looked around and made their final call to occupy. The waiting gap between the date of the decision and the date of delivery id reduced to zero.
4. Tax benefits:
Real Estate is loaded with taxes everywhere. It is a tedious task to look and cover every big and small aspect of it. But at the same time, owning a real estate property also comes with many tax benefits that you can claim as deductions, and things are even better with ready to move in apartments.
Even under construction, a buyer has to pay taxes for the property; this can be avoided when you opt for ready to move in apartments that is constructed and ready to go.
5. Easy Loans:
Housing loan is a huge industry with tons of formalities. They check the buyer’s creditworthiness before starting to hand out the loans. The requirement is to pay a huge down payment followed by many easy instalments. The problem with under-construction houses is that you pay a large sum and many instalments, even when the apartment is not ready and when you haven’t even occupied your dream house.
Ready to move in apartments eases this process as the house is already in possession, and you pay the price as you pay rent for occupying the house.
6. Quick Settlement:
Yet another advantage for such a property is that you get to settle in the new environment quickly. For someone moving into a new place, it needs time to take in a new atmosphere, the amenities, the locality, the features, the nearby market, etc. This can only be done once you have moved in and have started to explore the area around.
This especially works well for people who are changing cities and districts and are having a hard time blending in with society. Once in the house, they have ample time to look around, go around and see what the new place has in store for them.
An under-construction property may take years, if not months, to be delivered. In such a case, it is impossible for a buyer to sell the house to someone else further. As a rental, people would only prefer already constructed apartments. This will lead to the buyer paying the EMI for a property that isn’t making him any money.
This is where ready to move in apartments come in handy. Such properties bring you revenue in the form of rent, lease, etc. which in turn helps you to quickly settle off the EMI and get the ownership of the house.
Though the ready to move in apartments are a tad bit on the higher end of the price scale, they are worth every money invested as it saves time, money in for of taxes, lease, rent, etc. and it saves the effort of all the extra house hunting that you may have done otherwise. So in a nutshell, yes, ready to move in apartments are a great idea.