Advantages
of Buying a Resale Flat
Actual
profitability:-
Nothing
can be more profitable than purchasing a flat at a price much lesser than the
market rate. Moreover, the resale flats are fully constructed and come with a
ready-to-move-in tag. One of the biggest benefits that the resale apartments
provide is the tax benefit after gaining possession. A deduction of Rs. 1 lakh on the principal of EMI under 80C and a tax
exemption of not more than Rs. 1.5 lakh of home loan
interest under 24B make the resale all the more profitable.
Hence,
if all the other factors work in your favour, it might be a good idea to invest
in a resale flat. It helps save a good amount of money, while saving time
otherwise spent in waiting endlessly for a new project to complete.
Getting
yourself a resale flat can be beneficial for you in several ways. Some of its
major advantages are listed below:
1 1Purchasing a resale
and ready-to-shift flat helps save a good amount of money
2. For an
income-conscious individual, the resale market is the saviour. While realty
market is bustling with high-priced residential properties, resale flats offer
a price much cheaper than the new ones.
3. Purchasing resale
properties may save a lot of time as usually they are ready to move in.
4. Zeroing in on a
resale flat will make you save on rent that you pay for under-construction
dwellings.
5. When it comes to
resale flats, an array of choices are available in accordance to your
preference. Additionally, you will get what you see with minimal chances of
future shocks.
6. There are no cloaked
features or hidden charges in resale market.
7. You will get complete
clarity on maintenance charges and resident composition of the complex.
8. Immediate possession
also provides tax benefit from the very first EMI.
9. As getting a fair
idea on real estate trends of the locality is easy, overpaying for the property
can be avoided.
Tips
on Buying a Resale Flat
There
are certain factors you need to take care of before buying a resale flat.
Read
on to know what they are.:-
- Age of the Property: Ideally your flat’s age should range between 5 and 10 years.
- Reputation of the Builder: A builder’s reputation is generally determined with the quality factor associated with his/her past developments.
- Reason Behind the Sale: Knowing the reason will help you unveil the problems and issues associated with the property, if any.
- The Location: Proximity to major commercial locales should be a major deciding factor if you’re looking for a thoroughly urban existence. If you want a slice of suburbia though, look for connectivity and access to civic amenities.
Regards,
Komal Housing Thane
Mobile – 9930014722
Email id -komalhousing@gmail.com
Visit our office-
Shop no 16, Ground Floor, Palacia Complex, Opp bhoomi Acres, hiranandani Estate, Ghodbundar Road, Thane West
Shop no 16, Ground Floor, Palacia Complex, Opp bhoomi Acres, hiranandani Estate, Ghodbundar Road, Thane West