Kochi is the economic center of Kerala with a thriving real estate market. There are numerous options for new home buyers to choose from in Kochi. Builders and developers in Kerala want to make the most of the booming real estate market by providing all types of apartments for home buyers and investors alike. Whether pre-launch, under-construction, or ready-to-occupy homes, all have unique advantages and disadvantages.
Let us look at the advantages of ready-to-occupy flats in Kochi:
1. Move in immediately
The home buyer can move into their new home immediately without any delay. When buying homes under construction there is a lot of ambiguity and doubt about keeping the promises. But in ready-to-move-in homes, the buyer can shift in and finish the important documentation when the payments are made. This saves the buyer from stress due to delays and related financial uncertainty. The buyer can also save the rent they pay during the construction process.
2. Financial advantage
There are no hidden costs involved in the transactions for ready-to-move-in. The buyer pays the quoted price to complete all formalities. In the case of homes in the construction or launch phase, there is a possibility of hidden charges that the builder may not have informed earlier on. An investor can easily rent out the homes after buying it which will aid them in paying loans if any. This is a common practice among investors.
3. Loan approvals
It is easier to get loans for a ready-to-move-in home from the banks. The bank authorities can check if the property is eligible for a loan and the process gets streamlined. In many cases, ready-to-move-in flats in Kochi by reputed developers are pre-approved for home loans. The borrower’s credentials need to be for fast approvals.
Original article published at https://www.ezeebiz.in/why-to-go-for-ready-to-occupy-flats-in-kochi/