Looking to invest in real estate? Have you ever thought what could be a better way to save and gain more profits when buying a property? We have a great tip for you! There are different types of property and various stages of development. A property is listed for selling as soon as an area goes under construction. Developers usually offer to buy the property in advance. Many developers offer pre-launch properties to raise funds even before the approvals are finalized. This eliminates the need to borrow money from the market at a higher interest rate.
As a real estate investor, one of the smartest things you can do is purchase a real estate investment at before it’s launched. The advantages can be enticing, but real estate is by no means is a cakewalk for everyone. Take a look at the benefits of buying a property at its pre-launch stage:
1. Lower Costs:
Making investments in a project during its pre-launch stage can be financially rewarding because a property is typically 20-30% cheaper than ready-to-move developments.
2. Get your desired property location:
The first buyers have the advantage of being able to select the property`s suitable location. Suppose you want an apartment with a lot of sunlight or maybe you want a view of the park from your balcony or maybe you prefer a lower storey. You can easily make such decisions when purchasing a pre-launch property because, first, the properties have not yet been assigned, and second, the developer is willing to make certain concessions in order to sell you the property.
3. Additional Property Features:
Do you require an additional shelf? Need some woodwork in the kitchen that you might not find in other apartments? Do you require an additional grill on the balcony or an additional faucet to water the plants? Do you need some more fittings from the storeroom? When you express interest in purchasing the pre-launch property, the developer will readily agree to these minor changes.
4. Property Value appreciates Faster:
Once the development is completed and the developer begins selling the constructed properties, the property rates may rise by 10-40%. This gives you profits and saves you money in the first place.
5. Precautions:
You could look at the Real Estate Regulatory Authority guidelines to help you make your decision. Search for a well-known developer rather than developers that may seem too good to be true. Go on to finished, similar properties by the same developer.
Conclusion:
Capital-wise, real estate is a greater opportunity than a site that is already built or a site already owned by another family. Investing in a property at the pre-launch stage is a great idea for many reasons. So, what are you waiting for? Contact Labdhi Lifestyle - a prominent Developer in Mumbai, recently launched its Dream projects in the vibrant and lively regions of Wadala & Neral with 1, 2 & 3 BHK apartments. Labdhi Gardens, Neral flats are a profitable investment option since there are 30+ amenities unlike other projects in Neral.
