Buying a flat in Calicut is a wise decision, but taking account of Calicut location is even more critical. You need to be very careful while buying a new home in the city. Make sure to have a great surrounding, accessibility of all the important things, good neighbours, connectivity, and the list is endless.
For people who are looking for a flat in Calicut city and also looking for a life away from all rush, a township is a good option. They can enjoy a peaceful life with the availability of all the basic requirements at the same time.
The city of Calicut is a good option for real estate investment. The people who are moving to the city for work can buy an apartment in Calicut within the budget. The property resale value is very high in the city.
Buying a home is a long time vision. Therefore, people make a lot of research before step into a decision. The first-time home buyers are always in doubt whether they should buy a ready o move in the house or invest in ongoing projects to save some money.
The best option as per my opinion is to purchase a ready to occupy flat than investing in ongoing projects. There are several factors that explain why to ready to occupy flats in Calicut. Have a look at some of such factors.
Get Instant Ownership
Well, this is one of the most important benefits of investing in ready to occupy flats. Most of the people want to move into their new home as soon as possible to avoid rent. Ongoing projects are not a good option as there is no specific date of completion of the project.
Can Examine Directly
This is also an important factor to consider. Home buyers can examine the home directly. They can examine the quality of materials used, the colour of wall paints, exact location of electrical switches and pipe fittings, etc. They can have a real view of the house. This is not possible with ongoing homes. The home buyers can only get ideas about their dream home by going through brochures and videos.
As I stated above, home buyers can examine the quality of the materials used while constructing the home. The quality can be totally analysed by home seekers’ eyes and then after only they can make the payment. But in case of ongoing investment, there is no surety whether they (builders) use high-quality building materials or not. Also, it is possible that during construction, the change in plan can be possible which may compromise the quality.
For new home buyers, ready to occupy home is a perfect option. It involves low risk of investment. They invest only after knowing and analysing the quality and amenities included in the home. But in the case of ongoing projects, the risk is very high. The risk of poor quality materials, risk of bad fittings in bathroom and kitchen, risk of design change, etc.
Can save rent money
Imagine you booked an ongoing home by taking a home loan from a renowned bank. From the next month of taking a loan, you have to installments. Isn’t it? At the same time, you have to pay for the rent of the house where you are living. Isn’t it a double investment? With ready to occupy home, you can save this rent money and pay it for the loan installment. This way you can have your own home on time and also no need to pay rent. Smart decision, right?
Can easily get the loan
The home buyers can easily avail the benefits of home loans for ready to occupy homes and apartments. There are fewer formalities and document works for such homes when compared with ongoing homes. Prelaunch homes don’t provide the guarantee as they are still under construction.
This is very important. Home buyers don’t need to pay EMI’s before getting the keys of their invested home. They can pay installments for the thing that is completely in their possession. They can also get a reduction in interest. But this is not in the case of ongoing projects.
Get ideas about the locality
Many builders promise that the locality will soon be going to develop and there are many projects are going on. Like new hospitals, schools, roads and a lot more have to come in the future. The only aim of builders is to sell the projects. In reality, no such development is going to happen in the coming future. In the case of ready to occupy homes, everything is clear. The home buyers can examine the locality. They should know whether there is a school, hospital or any other amenities nearby the home they purchased.
In a ready to occupy homes or flats, you know who are your neighbours, what faith they are following, what kind of community it is, where they work etc. The society where you live has a great contribution to your lifestyle, thus plays a very big role in your child’s upbringing and lifestyle. Investing in a home is a very crucial investment, thus make it wise. This is not achievable with the under construction projects. You don’t know who are going to be your neighbours, what kind of market will be developed around the locality etc.
Take your time in researching the quality of the materials used, credibility of the builder, strength of products used while constructing the home, facilities and amenities etc. offered by the construction company It is good to have a visit to the property with an expert. Analyse the current real estate scenario at the locality and figure out the future sale of the investment, Keep the points I have mentioned in the article and go with the best.
These are some of the top benefits of investing your life-long earning in ready to occupy or move-in homes and flats. If you have any doubts, please let me know the comment section below. Don’t forget to share your thoughts.
About The Author:
I am a digital marketing expert at Webdura Technology. I enjoy experimenting with new techniques in both print and the web. I also love to explore roads less travelled. Reach me at my email.