Buying properties like a flat or an apartment in Bangladesh is an important financial initiative; every step of the buying process should be taken very carefully. Real estate companies offer both ready and under-construction flats to customers, raising the question of which one should buy: a ready flat or an under-construction flat? In fact, both options have some challenges and benefits that may encourage you or not. So, read this article to get rid of your dilemma in selecting properties.
Ready flat or under-construction flat
Obviously, a ready flat is the best option because it is hassle-free and brings immediate rental. If you buy a ready flat, you can shift anytime, or you can rent it off with a view to getting instant profit. Once the buying process is completed, you own the flat and get relief from all other hassles.
On the other hand, if you have extra budget or an insufficiency of funds, then you can go for under-construction flats. Real estate companies offer different schemes, such as a long-term installation policy with a lower down payment. Sometimes this type of facility influences a rising family to own a flat.
Why ready flat?
A ready flat is fully constructed flat ready to live in or quick rent off, it features all essential facilities required. Neither additional changes nor improvements are needed for a ready flat.
Despite having some drawbacks, such as being expensive, limitations of customization, and lump-sum payment, it can be occupied immediately through inspection. Ready flat is also beyond the construction delay and price-hiking changes.
Why not under under-construction flat?
A flat which is not completed yet or still or still being built is known as an under-construction flat. This type of flat is less expensive, allows convenient installment payment and customization a little bit but customers have to wait until the end of construction.
Sometimes, construction may be delayed due to issues like insufficiency of funds, regulatory hurdles and other circumstances. If the project failed, it would be difficult to get back your deposit money. Some fraud agencies deceive customers by pending construction for a long time.
Considering all factors, we encourage to buy a ready flat instead of an under-construction flat if you have no issue with budget. If you really have a funding issue, then you may buy an under-construction flat from any reliable real estate company.
