A tough choice when it comes to investing in property is whether to pick a ready-possession property or one that’s under construction. Both have their pros and cons and are the right choice in their own way. In this post, we make a case for investing in a ready-to-move-in property:
You’ll get what you see: Before buying your property you will get to see it in its entirety. You get a very clear idea of what your home would look like, how you can decorate it and if it will be spacious enough for you and your family. However, in case of a project that’s under construction, you’ll have to rely on graphic visualizations. You can check the quality of construction of a ready-to-move-in property. But the same can’t be said for an under-construction project.
Move in or rent out ASAP: In case of a property that’s under construction, you will have to wait for its completion, then decorate and furnish it, so you can use it as a home or rent it out. On the other hand, a ready-to-move-in project won’t make you wait long to use it. You can move in or rent it out and reap the benefits of your investment sooner.
Explore your options before investment: As ready-to-move-in projects are completed with construction, you can assess them before deciding to make your investment. You can explore your options and make the best choice. However, in case of project that’s under construction, you will have to rely on drawings and supportive visual material to assess the quality, look and feel of the property.
Risk-free asset: You can evaluate and see what you get with your investment when it comes to ready-possession property. Also, with ready-to-move-in property, there’s no risk of defaulting.
Inclined to buy property in Mumbai? Check out Hiranandani Communities, Mumbai’s most trusted brand known for their neo-classical construction and integrated townships.