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New construction in property is burgeoning everywhere, and there is a huge demand for new flats. A number of buyers still opt for a resale home, as it is tough to decide which property to invest in. Anew or primary home are acquired purchased directly from developers, while a resale or secondary home are sold by previous owners. It is tough to decide which homes to purchase, whether resale or new construction. Real estate consulting firms in India can help you get the best deals on property.
The decision can depend on a number of lifestyle preferences, financing needs as well as priorities you put on features like functional arrangements of interior living spaces, high energy efficiency, as well as your desire, budget and aptitude when it comes to repairs and capital improvements.
A few buyers may prefer resale homes even if they need some kind of renovation. Some buyers may have their hopes set on a locality, or a building or a close-in suburb, where newly constructed houses are unusual or not available. Some buyers may be willing to purchase a real home in their preferred location, tear it down and build a new home, however that takes a lot of money and time.
One of the major criteria for home buyers for investing in property is affordability. Potential property seekers may prefer resale homes at a lower price, however they have to pay other amounts like registration fee, transfer fee, stamp charges, utility charges, etc. Resale homes also require repair and maintenance, while new construction homes are in the best shape. Located in upcoming locations or suburbs, new construction properties are likely to cost much lesser when compared to resale homes in established parts of a city.
It is better to invest in a new construction project, as it will adhere to the latest national code standards for energy efficiency, which will mean more electricity saving, etc. Most newly built homes come with energy certifications covering windows, doors, walls, roofs, and even appliance packages. They are usually equipped with facilities like solar heating, water treatment plants, and rain water harvesting which is eco-friendlier. The best real estate firms in India can help you choose the best homes suitable for your needs.
360 Realtors LLP is one of the best real estate broker in India, and provides help in finding the perfect property according to your investment needs.
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