Tips For Home Buyers In Mumbai
Each & every one of us working in Mumbai aspire to become a homeowner sooner than later. The challenges involved in becoming a homeowner are plenty. A home is not something you can just buy off the shelf at your local supermarket. It involves weeks if not months of planning, budgeting to go buy your dream home.
Usually the first hurdle to clear is whether to buy a ready to move in apartment or invest in a under construction project. Each of the options comes with its own pros and cons & hence a well informed decision is a must.
Under construction homes have advantages like being at least 10-12% cheaper than a ready to move in apartment, besides an under construction home can be slightly customized as per your requirement for certain small amenities. The downside of a under construction project primarily lies in the risk of the project getting delayed or in some cases remaining incomplete and one losing out on their savings. While the reason for delay/incompletion may be many & not always be blamed on the Developer a thorough background check of the Developer is a must when buying a under construction home.
Ready to move in Apartments will more often than not cost more than a under construction home, but that extra cost will remove the cloud of uncertainty whether a project shall be completed as promised or not which looms over a under construction project. While a under construction project will appreciate all through the construction phase till the completion time a ready to move in apartment too will be give up appreciation though in a very slow and gradual manner over a period of time.
Besides a ready to move in apartment gives you the added advantage of knowing who your immediate neighbours are going to be,also knowing the kind of facilities/amenities in & around the surrounding locality.An under construction project will likely not provide you with this know how in advance.
So these are a few of the factors that one needs to consider when buying a home and they need to decide whether to go for a Under Construction project or a Ready to move in apartment. Not to forget that the financial planning that will be needed to be done by the buyer as well a thorough check of the financial background of the developer.
So once you have ticked the right boxes as per what suits you your dream home in Mumbai isn’t too far away from being a reality.
Soon does one want their home. Once these are checked, it is very easy for a customer to purchase their dream, whether ready to move in or under construction!