Buying a property in Calicut is a good option, but considering the importance of the location in Calicut is even important. Before buying a new home in a city, make sure of the surroundings, neighborhood and the accessibility of all the important landmarks.
The people looking for a life away from the city rushes can opt for a calm and peaceful location away from the city, but not so far from the important needs. The working class must always make sure that they are near all the necessities and if possible, township living will be the best option as it would have all the facilities within it.
The Calicut city can be the best option for real estate investors. The resale value of the houses is even very large in the Calicut city. The people who are migrating to Calicut for their work-related needs can own an apartment within the city limits. An apartment in Calicut within the city limits is having high resale value in Calicut city.
Buying a home of our own is a long time vision of everyone. Thus, people always make a lot of researches before choosing the home.
The people who are buying their first home can be completely confused on whether to choose an ongoing project or ready to occupy homes etc. The best option is to make your investment or to choose a ready to occupy apartment from the best builder. There are some factors for choosing ready to occupy apartments. Have a look at some of the factors.
No waiting period
The main advantage of owning a ready to occupy an apartment is that there is no waiting period. Most people would like to get into their new home as early as possible after fixing on the builders and the project. The ongoing projects are not the good options as there is no complete guarantee of how much they have to wait for their new home. The ready to occupy homes can be directly examined by the owner and there is no need to go through the brochures to get a keen idea of how the home will look at the end. There are opportunities for examining each and every corner of our home when it is ready to occupy.
The major advantage is we can get into our home at our needed time. The home will be completely ours when we settle other formalities. One of the prime advantages of a ready unit is the absence of any waiting period. All you have to do is make the payment, go through all the documentation work and move in. This also saves you from the double burden of paying your rent and the EMIs, in case you are getting the home purchase financed.
But ready-to-occupy flats hold the advantage of presenting before the investor the unit as it is and ready for immediate use. Besides, one can also move in right away without having to deal with the frustrating delays that will be created by an ongoing construction.
Assured quality
The quality of our living space can be completely checked and guaranteed before finalizing our buy in a ready to occupy an apartment. The quality can be fully experienced with our eyes and then the investment can be made. It will ensure that the investment will not go bad anyway.
When investing in a property, the buyer would want to be convinced of the quality as reassurance of the money he is spending on it. Ready-to-move-in properties offer the advantage of analyzing quality with your own eyes as you be will seeing the flat or apartment as it is. But in case of prelaunch properties, you can’t be sure about the quality that was promised until the completed project is delivered. Also at times during the ongoing construction, changes or modifications to the earlier approved plan can be made which compromises the quality.
Th quality of the home we choose is the main factor while buying a new home. In several cases, the outside quality may not last long. In such cases, it is always advisable to bring some experts for checking the quality of the new home. The architects or other professionals in this field can help you in the same.
Rent Savings
There are possibilities that people buying a new home may be living in rented homes. The people who opt for the ongoing projects will have to wait for a long period. But the people opting ready to occupy apartments can move into their new home as soon as possible. This will help them save their rent amount. Ready to occupy apartments will avoid paying rent since if you are planning to move in immediately. And if you are planning to rent it out, then it would be the best way to repay your home loan EMIs and a good source of income also.
Many people who are paying high lease or voyaging extremely far for their work tend to purchase the ready to move Apartments since they need quick relief from the high lease or travel cost.
Low Risk
The ready to occupy apartments are the perfect option in case of opting a new home. They involve low risk. The best people who help you with the quality and the amenities of the apartments you are looking for are its neighbors. In a ready to occupy apartments, you can connect with the neighbors and understand the advantages as well as disadvantages talking to them. This is one major advantage of Ready to move Apartments. You can observe who your neighbors are, what group they have a place with, what salary level they have and on the off chance that you might want to be with them or not. Opting for ready to occupy flats can give some tax benefits when you take home loans. Similarly, ready to occupy flats don’t have pre-EMI. These benefits can help you reduce the expenditure.
Feasibility of loan approvals
The benefits of home loans can be easily availed for ready-to-occupy flats and apartments as the banks can readily analyze the property for which the loan is sought for. Prelaunch units do not provide this assurance as the project is still under construction.
No Pre-EMI
When buying a prelaunch property on loan, you will have to start paying the EMI immediately after registration all through the waiting period also. So you will be losing money in pre-EMI even before you get the completed project. Ready-to-move-in properties do not require pre-EMIs as you will be paying EMI for something that is completely in your possession. If you are planning to take a property loan, then buying ready to occupy flats helps you from not losing cash on pre-EMI charges. As you might know, equated monthly installment (EMI) consists of principal (your loan amount) and interest components.
Unlike the ongoing projects, Ready to occupy apartment allows you to start paying your home loan EMIs only after you move in or rent it out. But in the case of under construction projects, you may be paying installments for many months, even before actually completing it. Opting for ready to occupy flats can give some tax benefits when you take home loans. Similarly, ready to occupy flats don’t have pre-EMI. These benefits can help you reduce the expenditure.
Opting for ready to occupy flats can give some tax benefits when you take home loans. Similarly, ready to occupy flats don’t have pre-EMI. These benefits can help you reduce the expenditure. A lot of people who are paying very high rent or traveling very far for their work tend to buy the ready to move houses because they want immediate relief from the high rent or travel cost and one can get it in ready to move properties.
When you buy a ready to move in flat, once you clear all your dues to the builder, the property will be transferred to your name. The process depends on how soon you clear the payment, the sooner you clear the payment, sooner your property will get registered in your name. But in under construction properties, you have to wait until the property get completed. Waiting time will be there if anything goes wrong in between then it’s hard to fight with the concerned party.
In a ready to move in property, you know who your neighbors are, where they work, what they do, what kind of community etc. The society you stay will surely have an impact on your children lifestyle too. Based on all the points mentioned above you can decide on whether to stay in this society or not. Whereas in under construction flats this will not be the case, you can expect any surprises ones the project got completed and you moved in. By choosing a ready to move in flats you can stay away from such regrets in future.
It’s good to take a good research in terms of the quality of the property, the credibility of builder, amenities, and facilities offered, quality of elements used for construction and finishing, buildings plan and architecture etc. Visit the property with an expert to get all the details and analyze the current market scenario of residential properties, which will result in the best deal.
Landmark Village, the flagship residential project in Calicut by the Calicut Landmark Builders, encompassing premium 1/2/3 and 4 BHK luxury sky villas, flats and apartments in Calicut, including world-class amenities, ample comforts, and conveniences, cutting-edge security and perfect location.
