Whether to buy new or sale flat, solely depends on your choice of living, financial resources as well as time available with you. Hence, to decide on buying a new or a resale flat list down all your priorities and check how far they would be sufficed. Let us now take a look at some of the factors that can influence your decision of buying new or resale flat.
Factors for Buying New or Resale Flat
If you are running under shortage of time, you are recommended to go for resale flat. In fact, buying for a resale flat which is ready for sell would be a good idea. On the other hand, going for a new flat, which is in halfway might incur many risks as in India neither the purchasers nor the builders are sure of the exact date of completion of projects.
Another factor that goes in favor of buying resale flat, is the location of the property. Resale flats are usually located within the city limits. Whereas, the newly built projects usually find their way in suburban location or the city extensions. Hence, if you manage to get a resale flat in good shape, located at a prominent position, do not waste any further time on hunting for newly built flats.
The biggest factor that stays on the way for going ahead for resale flats is that their age. The resale flats are old and hence, all troubles related to the age of the structure might crop up once you have bought it. The newly built flats are competitively younger in age with good structural strength.
If you have limited money, newly built flats would be perfect. Due to their good position the resale flats are usually sold at greater price. The new flats would be costing you about 50% to 60% of the price of the resale flats.
The advancement of technology and the growing competition among the developers have resulted construction of innovative residential projects that are well equipped with amenities of modern lifestyle. The green and eco-friendly surroundings enable the residents of newly developed projects to enjoy a more healthy and peaceful living.