Investing money in a property is a major decision in life. One of the essential things, when you decide to buy a property, is to consider whether to buy it in a pre-launch or ready to occupy. There are many advantages of the purchase of a ready to move properties like Corals at Keppel Bay, one of them is that you start your EMI’s for a house and not some under construction building. That means that you are repaying your loan value immediately and the interest on loan amount starts decreasing. The reason for people going in for under construction houses is that you can get lower interest rates on them as per surveys conducted by www.zillow.com. But there are many risks financially and otherwise when you opt for such properties.
Reasons, why you should opt for ready to move in properties, are below:
You can analyze the value of the property
The real worth of anything can be realized only by its finished product. With under construction or pre-launch offers the plan and layout are only on paper, the final product may look different from what was proposed. That is not the case when it comes to buying a finished building; you can quickly estimate the value of the property before you buy. You can look at the facilities, check out the neighborhood and take a walk around the property.
Rent or start living immediately
If you are looking to rent it out or want to live in it yourself, it makes great sense to invest in such ready to move buildings. If you are letting it out, then you get the rent instantly without waiting for project completion. Some buildings come with a rental agreement, this is one of the best reasons to consider buying completed houses.
If in case you are planning to live in that house, you start your EMI’s quickly, and the principal and the loan amount starts reducing.
Know what you are paying for
Many builders conduct virtual tours of their properties which are a great way to know about the property, but it’s not as satisfying as seeing the apartments with your eyes. You are deciding on buying or not based on the actuals and not on promises made by builders. The other important thing is that if you are indeed keen on buying this property, you can also ask the builder to make changes if any before you move in.
If the property you are investing is on loan, ready to go apartments will help you as you will not have to pay any EMI’s before you move on it. Another advantage of swift move property is that you will not have the burden of paying rent for the house you are currently living in as well as pay EMI’s for the house which is still not built.
While you are looking to buy a property which is fully constructed, you can get to know what kind of neighbors are around and be able to decide if you want to be around them or not. All in all, a ready to move property will be a right choice.