Advantages Of Buying Resale Property: Resale Property Purchase Checklist
. Here are the basic advantages and benefits of Buying a resale property:
1) You get what you see. You dont have to live under the long waiting period of what builder will deliver in case of buying an under-construction flat.
2) You will know what amenities like swimming pool, clubhouse, etc. are actually available
3) You will know the maintence costs and society charges upfront
4) You can move in quickly into your bought flat. So you dont end up paying rent as well as home loan EMI's for you under-contruction flat
5) Since you get the possession immediately, you can avail tax-benefit right from your first EMI payment. Many people dont know this fact - You can claim Home loan tax benefit only when you get the possession of the flat
6) You can enquire about lots of general things from the existing neighbours living in the apartment
7) You can observe the locality and make an informed choice
8) There is no risk of the possession date being delayed by months or years by the builder, like that in case of under-construction flats. However, nothing in this world comes without disdvantages, and the same applies here as well. Head over to the Disadvantages Of Buying A Resale Property
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