Buying a new house or a resale property has been an age-old debate. Some might say buying a brand new property is better while others might say opting for a resale property is better. There are a number of factors to consider while deciding which option to choose. So below are the benefits of buying a new property as well as buying a resale property:
Benefits of buying a New Property:
1. Buying a new property is a great choice as there are plenty of options to look for. You will find a pool of options to choose from and you can also compare and shortlist the properties depending on your requirements.
2. Another benefit of a newly constructed property is that the house would have all the new technological aspects. It will also be energy efficient as these days people as well as builders are focusing on this factor.
3. Lastly, most of the new constructed properties will be RERA approved. If not, you can opt for another option that is RERA approved. RERA act plays an important role as it lets the builder or the developer be transparent to the buyers.
4. You will get a better appreciation value as compared to the resale property.
Benefits of buying a Resale Property:
1. The major benefit of buying a resale property is that you can get a bigger and better property at the same price as of the newly constructed property (though not always the case).
2. You can also avail tax benefits on the EMIs if you take immediate possession of the resale house.
3. The market and the infrastructure is generally better near the resale property. This is because over the years, the area near the property has gradually developed to serve the people residing in the society.
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There are several factors that should be considered while buying a property. If you are looking for long term investment, I would say buy an under-construction property. The under-construction property rates are lower than that of ready to move in properties. Plus, the rates you would get later would be more than that of a resale property. Apart from that, you will get better amenities and upgraded technological benefits!
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Which is better investment in a builder or a resale property?
Anonymous
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2020-10-29T12:11:45+00:00 2020-10-29T12:11:45+00:00Comment
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