Are you planning to buy an apartment and confused about whether to invest in an under-construction project or ready-to-move apartment? Then we are here to help you. Choosing between investing in an under-construction project and buying a ready-to-move apartment can be a confusing task. Both of these options have their own merits and demerits. Hence, Trinity Builders, which is one among the best builders of 2bhk and 3bhk apartments in Kochi, provide you some of the important information about these two options for helping you to choose between them. This will help you to determine which the right option for you is.
Investing in an under-construction property can give you different benefits. Here, you can pay the amount slowly and will have more freedom to choose the location and the floor you need. However, this option has some disadvantages too. Hence, we are listing some of the important merits and demerits of investing in an under-construction project for your knowledge.
The following are some of the advantages that you will get if you choose to invest in a project under construction.
Here, you will have to pay a specific amount as down-payment and after this, you can start to pay monthly on an EMI basis. Hence, it will be more pocket-friendly for you than buying an apartment by paying the whole amount at once.
There are a lot of new projects starting by different builders. Hence, when you choose to invest in an under-construction project you will get more options. Along with this, it might be also possible for you to choose a floor based on your likes, as there might be only a fewer number of people who have invested in it during the initial stages. However, you might have to pay a little more to get a flat on the 3rd floor than getting one on the 12th floor.
The common disadvantages associated with this option are listed below.
There might be some unexpected delays or other disputes during the construction. Hence, might not get the property on time.
The design that the builders show you may not be the real outcome when the project is completed. Hence, you might not get what you desired.
The main advantages are listed below:
As the construction will be completed, you can see the final outcome. Therefore, you can buy it only if you like it.
You can move to your new apartment as soon as possible, as the construction is over.
Some of the important disadvantages associated with buying ready-to-move apartments include:
There might be a lot of legal documentation and paper works associated with this option, which might be frustrating for you at times.
Here, you might have to pay the whole amount together when you by the apartment.
Investing in an under-construction property and buying a ready-to-move apartment are two options that you will get when you are planning to buy an apartment. You can choose an option that is convenient for you. Trinity Builders, which is one of the famous builders who build new apartments in Cochin, provide you a wide range of options for you to choose from. We have a lot of under-construction projects and ready-to-move apartments that you can select based on your needs.