In countries like India, there is no limit when it comes to options in the residential real estate market. Although the number of houses sold has drastically dropped in the last two years due to the pandemic, the demand for quality residential housing kept rising.
According to a survey of the real estate market, the overall number of houses sold will increase in the next quarter. The top tier builders in Chennai have already lined up with their unique offerings at attractive prices to draw customers. If you are planning to purchase apartments in Adyar, now is the right time to get started.
Buying a property is an important decision in our lives and so you must take steps to avoid any mistakes. Chances are that you will be living in the same house for the rest of your life. Analyze the market data and learn the terminologies to effectively communicate with your real estate developer.
Once you step into the real estate market with plans to buy your dream house, you will have several options. However, we recommend that you should choose ready to move in houses such as luxury apartments for sale in Adyar over other options for the best value for your investment. Here are some advantages of choosing ready to move in houses:
You will get immediate ownership/full authority of your house:
If you choose ready move-in properties you can get immediate access to them. Once the registration gets over in a few days, you can move into your dream house. On the other hand, if you choose under-construction properties, you may have to wait for a couple of months, even years to get it delivered.
You get to stay relieved of the monthly rent:
Once you move into your new house, you will get to stay relieved of the monthly rent. All you need to worry about is the monthly EMI in case you have availed of a home loan. On the other hand, you will have to wait for a long time for under-construction houses and keep paying the EMI of your home loan along with the house rent.
See what you are paying for:
If you choose to move into houses, you will get to see what you are paying for. You can pay a direct visit to the site and analyze the size of the structures and materials used in them. Under construction, houses will have several pending works like electricals, interior designs, plumbing, etc. You will not get to see the planned model at the time of purchasing it. Get in touch with the best builders in Chennai to choose from an array of top tier 5 BHK flats in Adyar.
Tax benefits:
Most real estate experts will suggest buying a house at an early age as it will help in tax deduction. Since there is a huge capital gain in ready to move in houses, you can avail the tax exemption. You can also claim several tax benefits on home loans and can also challenge tax exemption on both principal and interest repayment on your home loan.
No need to pay down payment:
One of the best things about ready to move in properties is that you need not pay anything else other than your EMI. Since EMI will start in the first month after you avail the home loan, you will have to see that there is no delay in the construction of the house. In that case, it is best to choose a ready to move in house.
You can finish the deal within your budget:
While choosing a ready to move in property, you can get a final price quote from the seller which can help you to avail of home loans or keep the amount ready. In some cases, you can even pay a token amount as booking charges to hold the property for yourself. If you opt for under construction properties, chances are that the seller might increase the price at the time of delivery. Instead of choosing under construction houses, you can go for ready to move in apartments in Adyar as it is a safe bet.
You can also get rental income:
Even if you are not planning to move in immediately, you can also choose to rent it for rental income on a regular basis. The rental amount can also be used to pay your EMI. You cannot get this rental income option in under construction houses.
You can sell your house easily:
It is not an easy task to sell your under construction houses easily as it has several legal knots. One needs to wait till he/she gets complete possession of the house to sell it. In a majority of cases, the sellers will not transfer the ownership of under construction houses to the buyers until the completion of the project. Whereas if you buy ready to move in apartments in Adyar, you can sell it easily without any problems once the ownership transfer is done.
Zero chances of uncertainty:
There are chances that sellers will delay the project by a couple of months and at times this delay may also get extended indefinitely. A longer completion time can also affect the overall quality of the building and the buyers’ investment is prone to several risks. These problems are completely eradicated in ready to move in houses as you will get immediate or faster delivery of your dream house.
Conclusion:
In simple words, ready to move properties are much more transparent and can be processed easily. When you choose to buy a new house next time, make sure that you get ready to move in house from the best builders in Chennai, as it has more advantages.
