Financial Benefits Ready-to-move in property

1. Financial Benefits Ready-to-move in Property Mapsko Group India A ‘ready possession’ house allows the owner to move in immediately, which saves you from the uncertainty of delays and the dual burden of paying the rent and EMIs together. However, they often give you limited choice. Due to high demand, ready flats are highly priced as compared to projects under construction and do not offer flexible payments. Also, in case of ready-to-move- in properties all payments have to be made upfront. Unlike an under-construction property, there is no phased payment schedule here. Hence, the buyer who is purchasing the house via a home loan will have to shell out more EMIs from the starting itself. Thus, it is important to take into account all these considerations before you sign the dotted line. The financial benefits of buying a ready-to-move property A place of your own: Owning a home is an opportunity to settle down and gain a sense of belonging in a community. It can give you a sense of personal satisfaction to have a home of your own to share and enjoy with family and friends. An investment in your future: the value of your home can increase over time, making your investment grow. As you pay down your mortgage loan over the years, you can build ownership interest, called equity, which can

2. offer financial flexibility under the right circumstances. Your home is also a legacy, financial or otherwise, for the next generation. Manage your housing payments: In some cases, monthly mortgage payments may be lower than rental payments. Many home loans, or mortgages, are fixed-rate. This means the amount you pay stays the same month after month, which can help you plan your spending. A financial stepping stone: Even if your first home isn’t your dream home, paying your mortgage and other expenses on time and in full will benefit your credit rating. Managing your finances responsibly helps to increase your financial strength and options. Sweat Equity: The other factor that you should consider by mapsko group is that your sweat equity is likely to add additional value to the property as you maintain and upgrade it. Doing things like repainting the home, adding new siding, refinishing the inside, doing some basic landscaping in the yard, and so on will add value to the home without significant financial cost. Not only will this allow you to charge more for rent, it will also increase the value of the property itself should you choose to sell it in the future. If you enjoy home improvement projects, this should be a major attraction for buying a rental property. You’ll have the opportunity to fix it up upon acquisition as well as in between tenants, which will return very nice dividends for you.