Ready-to-Move Properties: Weighing the Benefits and Drawbacks for Homebuyers!

Ready-to-move properties, including flats and villas, are those properties that are already constructed and are available for immediate occupancy. Such properties have become increasingly popular in recent years, especially in urban areas such as Gurgaon and Ahmedabad, where the demand for housing is high.

One of the main advantages of investing in a ready-to-move property is avoiding the long wait associated with under-construction properties. Additionally, you can physically inspect the property before purchasing, reducing the risk of potential discrepancies. Moreover, ready-to-move properties are often situated in established localities with better infrastructure and access to amenities like schools, hospitals, and supermarkets. This can save you time and money that would otherwise be spent commuting to these facilities.

However, ready-to-move properties also have their drawbacks. They tend to be more expensive than under-construction properties. Additionally, you may not be able to customize the property to your liking, as the construction is already complete.

While investing in ready-to-move properties in Gurgaon & Ahmedabad has advantages, you must carefully consider the drawbacks before making a final decision.

=> Read Also: What is Duplex House?

Advantages of Investing in a Ready-to-move Property

If you're looking to buy a new home, you may consider a ready-to-move property. These properties, including flats and apartments, have become increasingly popular in urban areas. Here are some standout advantages of buying ready-to-move flats/apartments:

• No waiting period

  : One of the main advantages of a ready-to-move property is that you don't have to wait for construction to be completed. This means you can move in as soon as you complete the purchase process. There's no need to wait years for your new home to be ready.

• Lower risk

  : When you buy an under-construction property, there's always a risk that the builder will face delays or that the construction quality will be poor. With a ready-to-move property, you can physically inspect it before buying it, reducing the risk of potential discrepancies.

• Better infrastructure

  : Ready-to-move properties are often located in established localities with better infrastructure and access to amenities like schools, hospitals, and supermarkets. This can save you time and money you would otherwise spend commuting to these facilities.

• No additional costs

  : When you buy an under-construction property, you may be required to pay additional maintenance or parking charges. With a ready-to-move property, all the charges are included in the price, so there are no hidden costs.

• More stable prices

  : The price of under-construction properties can fluctuate depending on market conditions and the progress of construction. With a ready-to-move property, the price is more stable, giving you a better idea of the actual cost of the property.

• Better loan options

  : Banks and financial institutions are often more willing to provide loans for ready-to-move properties as they are considered less risky than under-construction properties.

• Immediate rental income

  : A ready-to-move property can provide immediate rental income. You can start earning from your investment as soon as you complete the purchase process.

• Higher resale value

  : Ready-to-move flats/apartments tend to have a higher resale value than under-construction properties. This is because buyers are often willing to pay a premium for properties that are already complete and ready for immediate occupancy.

• Peace of mind

  : Buying a ready-to-move property can provide a hassle-free experience. You know precisely what you're getting, and there are no surprises down the line. This can be especially important if you're buying your first home or if you're buying in a new city where you may not be familiar with the construction process.

Buying a ready-to-move property can provide several advantages, including no waiting period, better infrastructure, and lower risk. However, it's essential to carefully consider your options before making a decision, considering your budget, lifestyle, and long-term goals.

=> Read Also: What is MahaRERA?

Disadvantages of Investing in a Ready-to-move Property

While ready-to-move flats/apartments have several advantages, they also have some disadvantages. Here are some potential drawbacks of buying ready-to-move flats in Gurgaon or other cities:

• Higher cost

  : Ready-to-move properties tend to be more expensive than under-construction properties. This is because the builder has invested in the construction and is looking to recover their costs. This can make it more difficult for some buyers to afford their desired property.

• Limited customization options

  : While some customization options may be available for a ready-to-move property, you may not have as much flexibility as you would with an under-construction property. This can be a disadvantage if you have specific design or layout preferences.

• Older construction

  : Depending on the property, a ready-to-move property may have been constructed several years ago. This means some materials and fixtures may be outdated or need repair or replacement.

• Limited availability

  : There may be limited availability of ready-to-move properties in certain areas. This can make it more difficult to find a property that meets your needs.

• Less room for negotiation

  : The price of a ready-to-move property is more fixed than that of an under-construction property. Hence, there may be less room for negotiation on price or other terms of the sale.

• Hidden issues

  : While you can physically inspect a ready-to-move property before you buy it, there may still be hidden issues you're unaware of. This can include plumbing problems, leaks, or mould that may not be visible on a surface inspection.

• Limited scope for appreciation

  : Since the property is already constructed, there may be limited scope for appreciation in the value of the property over time. This can be a disadvantage if you're looking to invest in a property for its potential to appreciate in value over time.

• Inflexible payment terms

  : As a ready-to-move property is already complete, there may be less flexibility in payment terms, such as the timing of down payments or the amount of financing available.

Buying a ready-to-move property in Ahmedabad or any other city has its potential disadvantages, including higher costs, limited customization options, and possible hidden issues. It's crucial to weigh these disadvantages against the advantages and your personal needs and preferences before deciding. By researching and carefully considering your options, you can make an informed decision that meets your needs and budget.

Conclusion

It's vital for you to carefully consider the available ready-to-move property options and make an informed decision based on your needs and preferences. Factors like cost, customization options, and potential hidden issues should all be considered when weighing the pros and cons of a ready-to-move property.

If you are looking for ready-to-move properties in Gurgaon & Ahmedabad, your search ends with Adani Realty. The foremost real estate platform offers an exhaustive range of options for real estate investment to help you meet your goals.

Trending Blogs

:

• Delhi-Mumbai Expressway: Impact on Real Estate Investment in Delhi-NCR and Mumbai!
• Key Questions to Ask Yourself Before Buying a House: The Ultimate Checklist!