When it comes to buying a home, home buyers often face the dilemma of whether they should invest in a fresh property from a developer or a resale property from a house owner.Depending on what’s important to you, you may find that the benefits of a new construction home are much better than the resale property.
Consider these 8 benefits of buying a new construction home.
Modern Floor Plans and Designs
New construction homes follow the modern architectural design to suit the needs of today’s home buyers. With a wide-open floor plan, tall ceiling, large glass sliding windows and well-ventilated rooms, many new homes give a spaciousness and welcoming experience that you can’t always find in old properties.
Availability of Choices
This is one of the most significant advantages of buying a new construction property. With plenty of options available in the market, you can select a unit based on your preference and requirement. A new home also comes with the latest fixtures and fittings, which ensures hassle-free performance for a longer period, whereas resale homes often have a problem with wiring and fittings.
Built in accordance with the latest building codes and safety regulations, new construction homes come fitted with modern, high-specification appliances and materials.
The resale properties may come in good condition but may not feature the latest technologies used these days. Therefore, buying a new property from a reputed developer likeAshwin Sheth Group is a great option when it comes to the technological aspects of a house. Moreover, new constructions are more user-friendly and space-optimised.
Requires Low Maintenance
New construction properties are thoughtfully designed with many amenities, which one may not find in old properties. Moreover, new properties require less care and maintenance, reducing the hassle and expense of home repairs.
In tandem with the go green attitude of today’s buyers, most new properties feature an energy-efficient structure. New construction properties are six times more energy-efficient than old properties, generating around 60% less carbon dioxide emissions per household. Living in an energy-efficient home gives you the advantage of saving much money on electricity bills.
Warranties for New Homes
A new construction home and everything in it often comes with a warranty. This means you can buy with confidence since you get the guarantee that the builder will cover the cost of any issues such as a leaky roof or broken water heater during the warranty period. In a resale property, you may not know about hidden defects or problems until you have purchased the home.
Give Time to Manage Finances
In terms of finances for buying a new property, one has to pay about 10-20% as the upfront cost, and the remaining amount can be paid as the construction progresses. This gives home buyers some extra time to manage finances in a better way.
Moreover, with RERA in place, under Clause 14 (3), a developer is liable to fix or repair any structural defects brought to his notice by a homebuyer within five years from the date of possession, without further charge.
People buy a house with the idea of living there forever, but at some point in time, they may plan to sell it for numerous reasons like moving to another city or country. However, the resale value of a 20 year-old property will not be the same as what a 5 year-old property will offer.
Buying a house is one of the biggest investments that you will make in your life. Therefore, it is essential to make the right decision and invest in the right property to secure your financial future.
Are you looking for a new property in Mumbai to invest in your dream home? Sheth Avante, an under-construction project in Kanjurmarg by Ashwin Sheth Group offers spacious 1, 2 & 3 BHK residences and will reach completion by 2023.
This residential property in Kanjurmarg enjoys excellent connectivity to Eastern Express Highway, Airport, Fortis Hospital, Kanjurmarg Station, Hiranandani School, D-Mart, R City Mall, among other important destinations.
With over 20 different amenities, Sheth Avante has everything you need to improve your life. Amenities such as a themed garden, senior citizen area, cricket pitch, multipurpose court, amphitheatre, jogging track, yoga room, among many other spectacular recreational areas, are built to delight each age group. Kids, adults, or senior citizens, there is something for everyone. With many offerings to choose from, you are sure to create some priceless memories of a lifetime here.
Whether you are looking for 1 or 2 BHK flats in Kanjurmarg, Sheth Avante provides you with a unique residential haven where you can completely rediscover your desires, hobbies, and yourself.
The team of Ashwin Sheth Group has begun responding to enquiries and accepting bookings. So book your dream home in Kanjurmarg.