What You Need to Know Before Investing in New Construction Projects

When it comes to buying a home, there are a lot of deliberations and decisions that one needs to make. First it begins with selecting the locality. Then you have to understand if there is scope for the locality to evolve in the future for your investment to prove profitable. If you are lucky enough to find a locality of your choice, you must decide whether you would prefer a ready-to-move-in apartment or one that is under-construction. If you’re planning to buy a home in Mumbai, it is advisable to opt for any of the under construction projects in Thane as they come with a host of lucrative benefits. Here are some aspects you should take under consideration to facilitate purchasing such properties.

Under construction homes tend to sell quickly

Several potential home-owners prefer to invest in an under construction project because there are many benefits of entering the real estate market before the project is completed. One of the major reasons is that these properties are affordable as compared to ready-to-move-in apartments. Besides, they work for the benefit of buyers who have no intention of moving in too quickly. In order to attract potential buyers, a builder or company will build either a model home or a sample flat and review the floor plans. This gives a clear idea to the buyer of what the home would look like.

Buyers get to choose the apartment of their choice

When it comes to a ready-to-move-in flat, you generally have a limited number of options such as the floor or the facing of the apartment. Sometimes you have to make a few compromises with a ready-to-move-in apartment, where you may not be able to dictate the terms of your requirement to the ex-owner. But with under-construction projects, if you enter the market early on, you can choose your floor, the apartment facade, and can even dictate terms for how you’d like your house modelled. Under construction projects in Thane are customizable if the builder has not yet begun work on your apartment.

Early buyers get apartments at best rates

You will find a lot of dealers and companies tend to have this policy of “first come first serve”. So, if you fall into this category, you stand to get an apartment at lowest rates possible. An early investor can get a variety of discounts or reduced rates per square foot and so on. Some builders also provide early-bird investors with a few free items like DTH providers, geysers, club house memberships and other necessary amenities. You can grab this amazing opportunity when it comes to buying new residential projects in Thane. As the rates are much more affordable when a project is just commencing, you can make the most of the opportunities at hand.

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