You will find that investing in properties is never a waste of money, provided you have chosen a property that has clear legal titles. If you are looking for a property to settle down, you have multiple options. You can buy a piece of land, and construct a dream home. But, this is an age old option, and requires lots of time. But there are pros like you can decide and each and every aspect of your home, provided you can spend time. Another option that you have is get any constructed property. It can be an individual house, villa, apartment or any. If you are looking for the latter type, then probably you will have 2 options, like the ready to occupy properties and the under construction properties. You can see that ready to occupy properties are preferred by most for a few reasons. One of the major reasons to choose ready to move in property is that they are ready to move in. Sounds obvious right? Yes, you need not wait for the property to get completed, and you can immediately settle down. For those, who are looking for moving into an own property, as soon as possible, this is the finest option available.
You need to keep a few things in mind when getting hands on the ready to occupy property:
- You would have to pay all the charges instantly. This can be based on the builder too. Most of them get 80 to 90% charges, and the rest 10% is settled when you are about to move in. If you are hoping to go for the loan process, ensure that the landlord or the builder can wait for the duration.
- You can save on the rent, with these properties, but if you would be able to mark off the things on the checklist which include legal titles, is what you need to be worried about.
- This can be an expensive option, as you would not pay in installment, till the property is completed.
- There are lesser chances of customization, as the construction is over long back.
- Conduct a research on the builders, the current real estate market, and get all documents verified. Check if the electrical bills, sewage connection and water connections are intact and if they would be changed to your name, when you are done with the payment.