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Second-HandSecond-Hand Homes OR Brand-New Homes

Buying a brand new home is often less risky when compared to buying a second hand

property. A new home needs relatively less maintenance and can hence offers more

long term revenue opportunities than a second hand home. Also, when you invest on

a new property, you can obtain certain distinct advantages. Real Estate investment in

Chennai is always a worthy proposition, one of the many ways of realizing your

investment in the short and long run. The Real Estate builders too offer a number of

varieties when it comes to residential realty. The need for variety is primarily because

of the different categories of property buyers and their own set of specific

requirements.

Distinct Advantages

Better Security Facilities

The all new flats for sale in Chennai today come with increased security facilities.

Doors and windows are ensured for safety and security multiple times and hence only

the best fittings are used. Moreover, all the modern homes come with security to

assure buyers who ought to take long breaks officially or personally.

Low Maintenance

One of the most important advantages of new flats is that maintenance is relatively

low. The property is brand new and so is the resources used to build the property.

They need not be necessarily restructured, re-painted or modified since you get to

possess a flat of your choice.

Better Choice

When you purchase a newly launched project, you have the choice of making

customized changes in the property. From structure, allocation of size and electric

fittings to floor and wall décor, buyers have a better choice vis-à-vis a second hand

home.

Ongoing Income

Life of an apartment is one of the deciding features when it comes to determining its

purchase value. When you buy a new flat, you have the luxury of extending the

highest values for an additional number of years over a second hand property. Also,

for instance, fresh flats for sale in Chennai offer better rental income, which applies to

any location in this world from Real Estate investment perspective.

Also, location plays a great deal in the kind of properties that are being constructed.

The builders in OMR are able to build opulent villas compared to the builders in any

other location, because of land availability, greater demand and nature of location. Of

course, builders on other locality too have been building premium apartments and

residential properties for the future. They make sure the new homes are built for the

modern customer.

To Buy or To Rent

Builders in Chennai mark their properties as per the location and buyers too are well

aware of the differential pricing. And because of the skyrocketing property price,

people began to prefer rental flats especially when their career prospects can move

them from one city to another. However, there are multiple reasons why people prefer

to invest on Real Estate in Chennai; The city still presents to be a very lucrative

option in the long run. Today, even rentals are growing higher, not just in numbers,

and therefore people find it tough to decide between purchase and rent. The decision

depends upon the ongoing property prices.

Ongoing property prices

Today, property prices are increasing lesser compared to the rental rate trend in

Chennai. It is better to purchase flats for they are likely to grow higher in the

subsequent years. Going for rental flats may be a wise option only if you are insistent

about a specific location where property prices are way above your budget or if you

are likely to move from the city within a few months. Nevertheless, Chennai presents

a great option regardless of whether you stay in the city or not since property prices

are affordable when compared to other metros and returns too skyrocketing. Yet

another trend observed in Chennai is that the rentals have been growing dramatically.