There are several residential developments that are being launched, offering the buyer a whole array of projects to choose from. While there are investors who prefer investing in a ready-to-move property, there are several others who prefer new launch properties. Below are listed some of the advantages of buying a property during its new launch:
Lower Prices – Investing in a newly launched property enables a buyer to avail of the lowest prices. This is a significant advantage because as the project develops, prices begin to increase steadily. Buying a property at its new launch stage means spending a lower sum of money on it.
Early-Bird and New launch Discounts – Real estate developers usually have several early-bird schemes and discount offers in place on their newly launched properties. Investing at this stage ensures that buyers can avail of these to get the best price on their residential properties. This ensures a lower investment leading to, in many cases, greater returns.
Higher Returns on Investment – The prices of properties appreciate greatly as the development of the project proceeds. This means that buyers of new-launch properties stand to gain guaranteed higher returns on their investment.
Ease of Customization – A newly launched property is usually a blank canvas and can be customized by the buyer. As the project develops, the homeowner can make required changes and be the proud owner of a bespoke residence. This will also significantly affect the price of the property, should the investor choose to sell in the future.
Location – Another advantage of investing in a newly launched project is that the buyer can pick the location. This includes the floor and orientation of the property. This, in turn, will further affect the value of their investment. This, in many cases, positively impacts the rate of appreciation of the property as well as the rental values obtained.
Prestige Group prelaunch apartment is Prestige Serenity Shores.