For homebuyers in Calicut, the choice between under-construction and ready-to-move flats is a crucial decision. Ready-to-move flats offer the advantage of immediate occupancy, while under-construction properties often come at a lower price point but involve waiting for completion. In this blog, we will explore the pros and cons of buying ready-to-move flats in Calicut, helping you make an informed decision. We’ll also highlight how partnering with reputed builders in Calicut can ease the process of buy apartments in Calicut, ensuring that you get the best value for your investment.
Pros of Buying Ready-to-Move Flats in Calicut:
- Immediate Possession: One of the biggest advantages of purchasing a ready-to-move flat is the ability to move in right away. There’s no need to wait for construction to be completed or worry about project delays. This is particularly beneficial if you’re looking to avoid the hassle of living in rented accommodation while waiting for your own flat.
- No Construction Delays: Buying a flat that is already completed eliminates the uncertainty of construction timelines. In some cases, under-construction projects get delayed due to various factors, including legal issues or labor shortages. With ready-to-move flats, you can avoid these delays and have a clear move-in date.
- What You See Is What You Get: When you buy a ready-to-move flat, you can inspect the property before making a decision. You get to see the exact layout, the quality of construction, and the amenities as they are, which reduces the risk of discrepancies between what was promised and what is delivered. This transparency gives you peace of mind about the purchase.
- Tax Benefits: Ready-to-move flats in Calicut also come with certain tax advantages. Under Indian tax laws, you can claim tax deductions on home loan interest and principal repayments from the time of possession. This can help you save significantly on taxes as compared to under-construction properties, where tax benefits are only available after you take possession.
- No GST on Ready-to-Move Flats: Another financial advantage of buying ready-to-move flats is that they are exempt from Goods and Services Tax (GST). On under-construction properties, buyers are required to pay GST, which adds to the overall cost. With ready-to-move flats, you only need to pay the registration and stamp duty charges.
- Instant Return on Investment: If you’re buying a flat as an investment, ready-to-move flats offer the opportunity to start earning rental income immediately. There’s no waiting period, which allows you to generate returns on your investment from day one.
Cons of Buying Ready-to-Move Flats in Calicut:
- Higher Price Point: Ready-to-move flats are generally more expensive than under-construction properties. Since the flat is fully completed, the price reflects the cost of construction, land, and other amenities. Builders in Calicut may offer discounts on under-construction flats, which can make them more affordable than ready-to-move options.
- Limited Customization: When you buy a ready-to-move flat, the construction, layout, and interiors are already completed. This means you have little to no opportunity to make customizations or alterations to suit your personal taste. If customization is important to you, an under-construction flat may offer more flexibility in terms of design.
- Limited Availability: The availability of ready-to-move flats can be more limited than under-construction properties, especially in prime locations in Calicut. You may find that most ready-to-move flats in desirable neighborhoods are already sold out, reducing your choices.
- Older Construction: In some cases, ready-to-move flats may have been completed several years ago, which could mean that the construction techniques and materials used are not as modern as those found in newer under-construction projects. While this may not always affect the quality, it’s something to keep in mind when comparing options.
- Fewer Financing Options: Some builders in Calicut offer financing schemes, pre-launch discounts, and flexible payment plans for under-construction projects, making them more financially accessible. With ready-to-move flats, the entire payment is usually required upfront or within a short period, which can be a challenge for some buyers.
Conclusion:
Choosing between ready-to-move flats and under-construction properties depends on your individual needs, timeline, and budget. If you prefer immediate possession, transparency, and a hassle-free buying experience, ready-to-move flats in Calicut may be the ideal choice for you. However, if you’re looking for a more affordable option with the possibility of customizing your home, an under-construction flat might be a better fit.
Regardless of your preference, working with reputed builders in Calicut is essential to ensuring that you receive a quality home that meets your expectations. By exploring the wide range of apartments available in Calicut, you can find a property that aligns with your financial goals and lifestyle needs.
