New Home V/S Resale, Which One Is Better For You? By CIOReview Team

New Home VS Resale, Which One Is Better For You?

CIOReview Team | Thursday, 20 December 2018, 10:55 IST

  •  No Image

New Home

Planning to move in a new 3 BHK flat  in Chembur  but confused whether to go for a brand new home or a resale? Here’s a little information on new home v/s resale that will help you decide which one is better for you.....

Affordability

Sometimes ready-to-move-in projects and new flats under-construction can in fact be cheaper than resale flats. In the case of under-construction projects, the sale value of individual units rises only in tandem with the stages of completion. Moreover, resale flats often cost as much as new apartments because the relative cost of original acquisition was higher.

Luxury Amenities

Many new homes are built with lavish amenities, whereas, a resale property or an older home will not be able to offer you the kind of luxury you seek in newly built homes.

For example today you will find many upcoming residential projects in Mumbai offering amenities like sky gymnasium, barbeque alcove, sky astronomical deck, and many such more. You won't be able to enjoy these classy amenities in an older house.

Energy Consumption/Greenery

Apartments in new projects tend to be more energy efficient, user-friendly and space optimized. Recognized developers understand the aspect of global warming and are putting in efforts to upgrade and implement new amenities like gardens and parks around. In fact, some of the newly built buildings are surrounded by non-developable land and lake facing view, thus promising a pleasant environment.

On the other hand, it’s very rare to find a resale home that offers greenery around, because these older homes were built to much lower standards — often years and decades ago, when global warming was an afterthought.

Safety Measures

Newly built homes often have more safety features and fewer health hazards because they conform to today’s building codes.

For example, there are many upcoming residential projects in Mumbai that are built on a number of safety features keeping in mind the extreme events, such as fire, severe storms, and earthquakes etc.  

However, In the case of a used house or an older building, all the added advantage of having safety measures may not be present. This may require you to check all the safety aspects when you start shifting with your family in the resale property.

All New, Under a Warranty

The components of your new home not only feature the latest designs and building materials but also offer years of comfort, warranty and enjoyment before needing replacement. However, with a resale house, the equipment, and structural features have been in use for a while, and may be close to needing replacement, thus leading you for an added cost.

That New Home Feel

A used home was someone else's dream, not yours. It reflects their choices and family memories. Hence at times, it’s difficult to get the new home feel. But when it’s a newly built home, you automatically get to feel the freshness of the living space.  Moreover, you will get a sense of satisfaction with the money you spent on buying your new home.

Finding a new home is a daunting, stressful task that can take up a lot of your time. But when you move in, it will instantly make it feel like yours straight away – no matter where is the located.

Metro Group India is one such real estate developer in Mumbai and Navi Mumbai that takes pride in building new-age creations - Creations that are built on the solid foundation. The real estate company is committed to developing residential projects to fulfill every customer’s requirements while complying with applicable statutory & legal regulations. Additionally, in all efforts, the company commits to prevent all types of pollution related to the processes.

Currently, Metro Group is offering 2 & 3 BHK apartments in Chembur and Palm Beach Road. Complimented with the highest standard of design, innovation, and execution – the team aims to offer residential spaces comparable with none.

For most people, home is not just about four walls shaped with bricks and cement, but a world where love resides, memories are created and a foundation of a lifetime is being laid. Being a responsible real estate developer, the Metro Group takes responsibility to provide home buyers the finest living spaces, thus bringing an aura of positivity to the ensemble.

If you are one of those looking for upcoming residential projects in Mumbai and Navi Mumbai visit: http://www.metrogroupindia.com/

 

CIO Viewpoint

Real Estate Industry Undergoing strategic shift...

By Deveshri Patel, Head of Information Technology, Adani Realty

How Data Analysis Is Shaping The Proptech...

By Aamer Azeemi, Chief Innovation Officer at RMZ Corp

CXO Insights

Latest Construction Technology Trends

By Deepak Suvarna, Chief Projects Officer, Mahindra Lifespace Developers Ltd

Going Green!

By Gurjot Bhatia, Managing Director, Project Management, CBRE India

Digital Employees: The Rising Stars Of India

By Manish Bajaj, Regional Vice President & MD at Aspect Software

Facebook