Almost all home buyers are riddled with the same question – whether to buy a ready to move in flat or opt for an under-construction Flat in Bangalore. Both these types of property suit different needs and purposes. Let us compare them to get a better view of suitability:
Availability
Availability | Flat in Bangalore
Ready to Move In Flat in Bangalore:
There is almost negligible waiting period. One is just required to make payment and work through the documentation for being able to get the property handed over.
Under-Construction
One does not get their hands on possession at the time of purchase.
Pricing
Pricing| Flat in Bangalore
Ready to Move In Flat in Bangalore
One shot lump sum payment is required for possessing the property and pricing is a bit on the higher side comparatively
Under-Construction Flats
The burden on pocket is lighter as it does not require lump sum payment at time of purchase and is slightly cheaper in comparison.
Apartment Age
Pricing
Ready to Move In Flat in Bangalore
A ready unit might not always be brand new and might have been on sale for a while
Under-Construction Flats
Brand new constructed flats will be handed over to you after completion.
Alterations and Decoration
Alterations and Decoration
Ready to Move In Flat in Bangalore
Alterations are not possible on a completed unit. One has to opt for the ready made decoration
Under-Construction Flats
Non-structural alterations can be done during the construction process. Interior decoration can be as per buyer’s preference.
Construction
Construction
Ready to Move In Flat in Bangalore
One cannot obtain a full understanding about the construction materials used, strength of foundation etc in a ready unit.
Under-Construction Flats
A buyer can keep a check on the materials being used for construction and inspect the site from time to time in order to gain assurance regarding proper construction.
Both ready to move in flats and under-construction flats have their own pros and cons. Each and everyone have their own set of preferences when it comes to buying a house. A buyer must consider his/her financial condition, choice of location, timing etc among other things before making the final decision.
Also Refer :
3 Things to know Before Buying your First Best Flat in Bangalore
