One the pivotal decisions in an individual’s life is whether or not to invest in real estate. And this decision, being one that is accompanied by a substantial financial investment is never taken lightly. A lot of study of the pros and cons of various properties, the location, the project itself, and the builder of the development usually goes into this decision and rightly so. While a majority of buyers prefer investing in completed, ready-to-move-in residential units in completed developmental projects, there is a growing number of individuals who are looking at upcoming or pre-launch projects to buy property in. There are a number of advantages of investing in upcoming or pre-launch projects, the primary one being the cost. Buying a completed property usually means you have to pay the entire amount up front, along with registration and other costs. However, investing in a pre-launch project is definitely cheaper as the builder usually has several discount schemes. The option of flexible payment also translates into lower costs. The value of the property also appreciates as it nears completion, which increases the value for your money and this is another smart reason to invest in a pre-launch property, especially if you are looking at it from a purely investment view. Another advantage of an upcoming or a pre-launch project is that you can choose the property you are interested in, one that meets with your personal likes and preferences and sometimes even more spacious than the one you would have to settle on if you chose a completed project, simply based on the cost. An upcoming or pre-launch project also gives you the option of making small modifications and customisations to the design of the unit according to your specifications and desires, in keeping with the overall plan of the builder. This flexibility in customising your residential unit will go a long way in ensuring that your unit is special and different, especially when being part of a large apartment complex that includes a lot of similar units. This sense of individuality is like no other and also is an uptick in the value of your property.
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