Tips Before Investing in an Under-Construction Property

When you invest in a property under construction you are able to buy at a low cost. However by investing at this stage you also have to bear what is known as a development risk. Development risk could be delayed completion or the property will not be of the quality promised by the builder or may be hike in payment. For example- the Construction Status of Ghaziabad Property went through several ups and downs over the last year. A lot of problems can raise their heads. A little research and lots of sound advice can help you in the long run.

Tips Before Investing in an Under-Construction Property

You have to take into consideration that whether it pays to park your money in a project that is still some time away from completion. The primary advantage is that this property comes cheaper depending on the stage of construction. [Read more…]

Buying an Under-Construction Property? Here are Few Tips

While looking for your dream home, you will come across a number of properties that are in different stages of construction i.e. pre-launch, under-construction or ready to move-in. Among these three stages, the under construction stage is the most attractive one from buyers’ point of view. It calls for lesser risk than pre-launch stage and the price is lesser than the ready-to-move-in property. However, we should always keep in mind that it is not a completely risk-free affair. There are few things you need to be cautious about while buying an under construction property.

Buying an Under-Construction Property Here are Few TipsLet us discuss these points in some detail:

Check the Legal Status- As a customer, you should never hesitate about running a background check on the legal status of the property. Ensure the property’s ownership. Also, seek the legal report of the project’s construction in order to ensure that the construction goes on as mentioned on papers.

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