Property investment itself is not an easy task, let alone deciding what kind of property is best for you. One of the most common dilemmas for homebuyers is deciding whether to opt for under-construction property or a ready-to-move-in low-cost villa.
To help you arrive at an informed decision, we have drawn up a comparison between the two, highlighting key points of difference, to give you more clarity before you make a final investment choice.
One of the most obvious differences between the two is the price factor. An under-construction property is invariably lower in price in comparison to a ready-to-move-in house/villa in Angamaly. The difference can vary from 10 to 30 percent. If factors such as property type, location, real estate builder are the same, an under-construction apartment will cost much less than a ready-to-move-in house in Angamaly. But choosing low-cost villas will be better in terms of future renovations.
Going by its name, ready-to-move-in villas eliminates the question of a waiting period. All you are expected to do as a homebuyer/investor is make the payment, complete documentation, and move into the house. As for under-construction apartments, one can expect delays in the delivery timeline, which could push the possession date further.
Appreciation on Investment
Since you buy an under-construction property at a lower price in comparison to a ready-to-move-in house, the appreciation value of the former is likely to be higher. To get a good return on your investment, make sure you check the location and upcoming infrastructure around the property.
A ready-to-move-in property poses a low-risk choice, as compared to an under-construction apartment. With ready-to-move-in properties, the homeowner knows exactly what to expect as they can see the quality and infrastructure of the villas right in front of them, as opposed to under-construction apartments that are still in the making.
If you are a first-time homebuyer, a ready-to-move-in villa is a better-suited choice for you, as the question of delayed possession does not arise and you know what to expect. On the other hand, an under-construction apartment is more suitable for those who are not going to be the end-users of the property and can invest in the house at a lower price at the initial stage.
Low-cost villa in Angamaly
For your next investment, check out low-cost villas in Angamaly by Mabco developers for all family sizes and budgets. These villas located in Kerala’s adorable district of Angamaly with the most opportunistic neighborhoods. Bhoomithra both ready-to-move-in and under-construction properties present the future of residential investments in Angamaly.
The first step towards home investment is ascertaining your realistic budget. Once you have that in place, the decision of choosing between a ready-to-move-in property or an under-construction one becomes slightly clear. Weigh your options and keep this list in mind. Bear in mind, a good investment broadly comprises quality construction, neighborhood, infrastructure, and connectivity.