If you are planning to buy a ready to move flats in Jagatpura Jaipur then you would get lots of options. There are many advantages to choosing ready to move flats.
Immediate Authority Over Your Flat Purchase – For ready to move properties, you can instantly move into your new home. You will immediately get possession of your home, which you have paid for, while for a property under construction you must wait for 3 to 5 years for the floor to be delivered.
Low Risk Involve – On a move-in property there are no risks of delay in ownership. While for construction properties, project delays are much more common, and there are many cases where a builder has misled buyers. Therefore, you must be cautious when choosing top builders in Jaipur for a property under construction.
Instant Rent Payment Relief – Once you move into your new home, you won’t have to pay any rent. All you have to pay is EMI for your mortgage loan. While on property under construction, you will need to transport EMI and rent for many years.
You Will Get What You Will See – A property under construction are sold on paper. Sometimes, there may be some discrepancies in the result and what was promised. On the other hand, in the case of move-in 2 BHK or 3 BHK flats in Jaipur, you will first see and inspect the product, and then only you will decide to buy it or not.
Immediate Tax Benefits – On a move-in property, you can challenge your mortgage loan tax exemption on repayment of principal and interest instantly, while mortgage loan tax benefits for a property under construction can only be claimed afterward to get flat possession
EMI Only With No Down Payment – The most useful thing about move-in ready properties is that you will have to pay EMI on the home loan and would not include other payments. In the case of a property under construction, EMI normally begins after the completion of construction work. Despite this, if there is any construction delay, then the EMI will start once the mortgage loan is disbursed.
Check the Infrastructure and Other Facilities – When you buy a move-in 3 BHK or 2 BHK flats in Jaipur, you can check the infrastructure and other facilities around the floor before buying the property.
No Increase in Cost – This is another advantage of buying a property ready to move in, as you do not have to pay the increase in the cost of the property after paying the reservation amount. But in the case of properties under construction, you must bear the increased cost of ownership.
Buy within Your Budget – In a move-in ready property, you can select a property within your budget. If you have a lower budget, you can buy a house that fits your budget. Whereas, when buying a property under construction if the project was delayed by three years or more, the builder requested to increase the cost of construction that he has to bear and increases his general budget.
No GST – Taxes play a crucial role in buying a property. Currently, a buyer does not pay any GST when buying a property ready to move. A flat under construction, on the other hand, attracts 12% GST. So if you buy a flat under construction worth Rs 30 lakh, you will have to pay Rs 360,000 as GST.
Rental Income – If the apartment you purchased is an investment and not for personal use, or if you plan to move later, you can rent it and get some rental income. You can use rental income to pay your EMI or keep it as rental income.
Ease of Sale – It is difficult to sell a property under construction, especially if its possession is delayed or is involved in litigation. In many cases, developers do not allow apartment transfers until the project is complete.