The decision of buying a property arguably remains one of the most important decisions of life. And, as we explore the property options in a particular city, we come across ready to move in properties and under construction properties. Although the options give you a wide range of properties to choose your dream home from, but, you would also agree to the fact that, the more the options, more is the confusion.
Here are 7 reasons why you should buy an under construction property in Goa:
#1 Easier On Your Wallet
Whether it’s 3 BHK Villas in Goa or an apartment home, an under construction property is always cheaper than a fully furnished flat. Generally, an undergoing construction property would cost you approximately 20 to 40 percent cheaper than the ready to move-in apartment.
#2 Lower EMIs
This is quite obvious that if the cost of the property is less, it will subsequently cost you lower EMIs for the loan.
#3 Time to Plan Finances
As you book an under construction property like a house for sale in Goa, it takes some time to get the possession of the property. This gives you sufficient time to plan your finances and loan repayment structure properly.
#4 Less Paperwork
As you buy or sell a property, the documentation process involved can be a very tedious process. When you buy a new property, the documentation is is done by the developer or the construction company. This way you save time on paying repeated visits to administrative offices to complete the paper work.
#5 Be Your Own Designer
Buying an under construction property gives you the freedom to design the interior as per your choice and imagination. This does not happen when you move into a ready to move apartment.
#6 It’s All Under Warranty
When you buy a newly constructed apartment, most of the amenities are under warranty. Hence, in case of any functional issue, they can be easily replaced, free of cost unlike in the ready to move flat.
#7 Higher Returns
Investment is one of the major attractions in Real estate for the handsome returns it gives its investors over the years. Also, for good ROIs, an under construction property is just for you. It is cheaper while you buy and the difference you earn after selling it will be higher, thus making you rich post returns.