Which is the best to purchase, a new flat or a resale flat?

This type of question depends on lifestyle preferences, financing needs and the priorities you put on features like high energy efficiency, functional arrangements of interior living spaces and your desire, budget, and aptitude when it comes to repairs and capital improvements.

There are a few reasons which also might interest you to have a preference for resale flats even after you know that it needs some kind of renovation. For occurrence, you may have your heart set on moving to a definite locality in the city or a close-in suburb.

So, it is comprehensible that people prefer older flats, but here are some advantages to buy a new home which can be a potential choice:

• Affordability
• Affordability is the major step to be considered by the Flats buyers. Potential property seekers may prefer resale flats thinking to pay less, but they have to anticipate that there are various other amounts to be paid like registration fee, transfer fee, stamp charges, utility charges, etc. Also, resale flats require repair and maintenance.
• The first-hand flats that are constructed in upcoming locations or suburbs will cost you lesser when compared to resale flats in established localities of a city.
• Energy consuming/Green Buildings
• Most newly-built flats come with energy certifications covering walls, roofs, windows, doors, and even appliance packages
• No resale flats offer certifications because they were built to much lower standards decades ago when energy usage was an afterthought. To make an existing flats an efficiently energy-saving property will cost you a lot.
• new flats offer air filtration which increases indoor air quality, dropping the chances of affecting buyers who have asthma or allergies.
• Fittings, Wiring, and Flexibility of Space
• A brand new flat comes with already safe fittings and fixtures that assure a hassle-free solution for a long time.
• resale flats always have a problem of wiring and fittings.
• When you buy an old flat, the design part is fixed.
• while buying a new flat you can always guide and suggest designs to the developer when it is in its actual constructing stage.
• Financing
• While buying a resale flat, the procedure is extremely long which includes a background check of the seller, title check and verification of documents, closure of home loan by the seller, registration of property in authority, etc..
• When you buy a new apartment, mostly your developer takes care of the whole process.
• Resale Value
• The resale value of a 20-year older flat will not be the same than that of a 5-year-old flat.

The ultimate goal, thus, is to buy a flat, whether a new or an older one. The best decision, however, can be made by a potential buyer only. If you are looking for apartments in bangalore I prefer you to take look at One Bangalore West which is one of the Best Luxury Apartments in India.

For more information visit: https://www.onebangalorewest.in/ , https://www.kessaku.in/