For most people buying a house, which they can call their home, is a lifelong dream. Of course, this is not as easy as it sounds. It involves a lot of research and points to consider before making that big decision. One of the most important things to consider before investing is choosing whether you would like to buy a ready to occupy home or an under construction one. If you are in a dilemma about this, ready this to find out the advantages of investing in a ready to occupy home.


  • Tax benefits

One of the biggest benefits of investing in ready to occupy home is the tax benefits that you get out of it. With skyrocketing property prices, it is almost becoming impossible to buy property these days without taking a considerable amount of home loan. According to section 24(b) of the Income Tax Act, 1961, interest paid on construction, purchase and repair of a house is deductible and this can be claimed only after the construction of the property. Section 80c of the Income Tax Act also allows a deduction of Rs 1.50 lakhs for principal repayment of the housing loan. The interest paid is eligible for a deduction up to Rs. 2 lakh. This deduction is applicable only after you take possession of the house.


  • Rental savings

The ready to move in apartments are ideal for users who are keen on living in their home rather than letting it out. If you are planning to move in settle down there, you can save significantly on money as you will avoid paying rent. However, if you are planning to just rent it out and not looking to move in, the rental income can also help you pay off some portion of the EMI.


  • Limited risks

Buying a ready to occupy home ensures any potential risks such as delayed procession, price fluctuations, and other legal issues are avoided. You face no ambiguity when it comes to quality or landscapes also.


  • Price appreciation

Buying a house that is near completion not only avoids the risks of delays and change in layout, but it also has the chance of the price of the property going up significantly, once the property is fully operational. Usually the project appreciates 10 to 15% once the housing complex is fully occupied. The appreciation rate, though, depends on the location, facilities and amenities offered by the builder. It is a wise idea to pick a credible builder such as Casagrand who offers world class housing at affordable prices.


  • What you see is what you get

Often times, we buy based on the layout on paper, however, with ready to occupy home, you buy only after you see the completed home. From the facilities offered to actual apartment that you will be investing in, you get to see everything before actually buying it. Additionally, with ready to occupy homes, you also can talk to other neighbors and buyers about the apartment and the facilities and get their feedback before making a decision. This is, perhaps, the biggest advantage of a ready to occupy home. There is no room for regret!


  • You get to know your neighbors and community

The benefit of buying a ready to occupy home is that you get to choose the kind of community you would be living with. You can already see who your neighbors are and what kind of people you will be potentially living with ahead of actually moving in.


  • No Pre EMI loss

Buying a house is a big decision and finances play a very vital role in making this decision. If you choose to buy an under construction house, you will be paying EMI for months or even years, for a house even before actually getting it. This predicament can be avoided in a ready to occupy home. If you choose to invest in a ready to occupy home, you start paying your loan after you move in or rent it out!