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With the passage of time, modern property dealers have changed their strategy and preference. As a result, where the demand and popularity for ready-made apartments were at its peak before, now the same can be said for the under-construction apartments too. One of the reasons that caused this shift in mentality is the profitability of buying under-construction apartments. In other words, the under-construction apartments are less expensive than the ready-made apartments when it comes to purchasing. And you will also see that the demand for these under-construction apartments is higher than that of the ready-to-move-in apartments nowadays. But why so? Here in this article, we will be discussing the 4 advantages of buying an under-construction apartment and why you should consider buying one.

Affordability

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Convenient payment is one of the biggest advantages

Since you are buying an under-construction apartment, typically this gives you enough time to cover the cost. Generally, builders and construction firms ask buyers to deposit a certain amount in phases and deposit the rest of the amount at the time of the possession. In most cases, you will also have the option to make payments in EMI. In a normal scenario, vendors were seen to bear the expense of too many things including registry costs and others. So this convenience can become very handy when it comes to paying the price. So convenient payment is one of the biggest advantages of buying an under-construction apartment.

Ample customizing opportunity

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You have full authority over customizability

Another one of the biggest advantages of buying an under-construction apartment is the ability to customize. Under-construction apartments give you full authority over design and you can build everything from scratch as you like. So in terms of ensuring the quality, you have total control over your apartment. Also, you don’t have to engage in any repair work as you get into the apartment, whereas in the case of ready-made apartments, there tend to be things that you will always have to repair or renovate.

Higher appreciation

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The price of the apartment increases with time

Since you are buying a low-cost under-construction apartment, the appreciation is expected to be higher. As the construction progresses, the price of the apartment also increases. Now in this case a clever thing to do is to wait and track the price of your property. Historically speaking, the price-point always increases gradually. This is why there is a greater return on investment.

Discounts and offer

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There are more offers in buying an under-construction apartment than any other apartments

Under-construction apartments tend to have more offers than ready-to-move-in apartments. It is a complete house and priced accordingly to the market, sometimes even higher depending on the facilities. However, if you are to buy an under-construction apartment you will easily get plenty of discounts and offers such as holiday packages, foreign trips, and many more. There is even a lot of room for bargaining over price.

One of the biggest advantages of buying an under-construction apartment is that you can buy any under-construction project at a lower price. And you also have the flexibility in terms of completing the construction at your convenience. This facility is only available for under-construction apartments when compared to other kinds of apartments. That being said, there is no discouragement to buying ready-made apartments. But when making a decision, it is better to buy a property after considering every need and luxury you can afford.

What do you think about the article? Do you agree with our points? Do let us know in the comments section below.

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