The best benefit of Ready-To-Move-In (RTMI) homes is that: if you buy a house today, you can move in tomorrow. In the process, you can save yourself a lot of time, and avoid the stress that arises from unnecessary hold-ups. Wouldn’t you agree?
Well, it’s not just you, me and the real estate experts at Narang Realty; several other investors believe that RTMI houses make for a better investment in the post-pandemic world as compared to projects under construction. According to the Financial Express, over 86% of consumers are now looking for RTMI houses.
Are you planning to invest in residential real-estate amid the COVID-19 pandemic? Here are 8 reasons why you should consider investing in ready-to-move-in homes.
Instant Gratification– When you buy a ready to move in house, you can start living there from the very next day. The feeling of instant gratification can be immensely satisfying. Especially so, during a global pandemic. Due to the COVID-19 pandemic, several NRIs have returned to the country, and many of them are looking for decent houses to live in. Under such circumstances, buying a ready-to-move-in property is the best way to go about your housing needs. Visit our website now to take a virtual tour of our RTMI properties.
No Unnecessary Delays– Under the present circumstances, there has been an increase in the demand for ready-to-move-in houses. According to the sources, “the share of ready-to-move-in inventory as a percentage of total sales rose to 20% in 2019-20 financial year as against 15% in the previous fiscal.” Since the under-construction housing projects are indefinitely delayed at the moment, more and more investors are eyeing ready-to-move-in homes. Are you looking for an RTMI house in a prime location in Mumbai? Check out our ultra-luxurious 4&5 BHK flats in Andheri.
No Dual Expenses– When you opt for, under-construction projects, you end up paying both rent and EMI. Under-construction projects require up to 5 years for completion. Sometimes, construction can be delayed due to unforeseen circumstances, like a global pandemic for example. In such situations, the financial burden piles upon you. Also, since most rent agreements are for 11 months, you have to either renew it or look for a new place every time your rent-agreement gets over. If you want to avoid all these distress, simply opt for ready-to-move-in homes! We are here to help you find a house that’s perfect for you. Just take a minute fill-out this online form, and tell us more about your requirement.
No Hidden Costs– Consumers are generally inclined to purchase under construction property since they appear to be cheaper on a simplistic per square foot (psf) basis as compared to RMTI houses. This, however, does not give you the whole picture. An accurate way of comparing would be to account for the carrying cost of the staggered payment (normally financed through a home loan), and GST which is applicable for under-construction property. Once you take these into consideration; the price of the under-construction property goes up by 40%. Hence, buying under-construction property because it is optically cheaper is a serious misconception. For more information, refer to the table below:
No Quality Risk- In the case of ready-to-move-in homes, what you see is what you get. These homes come with better quality assurance, and you can inspect the apartment, the housing society, the amenities and the surroundings before you buy the house. Unlike in under-construction projects, nothing is left to the imagination here! Speaking of quality housing, can you see yourself living in a premium 9-acre gated-society in Thane? Check out our Courtyard project now!
Little or no loan- When you move into a new house immediately after selling an old one, you already have some cash in hand. So, you may have to apply for little to no loan at all. This is an added financial benefit of buying a ready-to-move-in home! Even if you have to apply for a loan, given the current low rate of interest, now is a really good time to invest in a ready-to-move-in home. Click here to buy 2 & 3 BHK flats in Thane, at reasonable prices.
A Sound Financial Choice– Ready-to-move-in homes come with multiple income tax benefits for its buyer. Also, RTMI properties get an exemption from paying GST on AV, which involves a substantial saving of 5-11%. These factors make RTMI homes a sound financial choice.
A Source of Income– In uncertain times like these, it is always better to have a second source of income. Investing in real estate can provide you with that passive income. And, the best part is: if you invest in a ready-to-move-in home, you may start making money from rentals sooner.
Avoid Mental Stress– Buying a house is one of the most expensive purchases that you are going to make. And, when you do it right, you can avoid a great deal of stress. Investing in a ready-to-move-in house gives you complete control over the buying process, in the sense that you know exactly what you are getting into.
The Conclusion
Narang Realty is among the top real estate developers in Mumbai. Our RTMI housing projects are equipped with exceptional design, state-of-the-art technology, and superlative amenities. With our housing projects like Courtyard and Windsor Grande Residences, we bring you the most sought after residential development, which includes a premium gated community, acres of greens, enchanting views, and luxury living at its best. Want to know more about our RTMI houses and their pricing?
Call us on 022 – 62456533 for Sales Enquiry.