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Buying a property in Chennai is a huge decision and takes a lot of thinking and analyzing. There are few points that you should consider before deciding to buy an old property or a new one. Here are few:
1. First of all you need to know if you are looking for personal use or investment purpose. If you are looking for buying for personal use then I would recommend you buy an old property (at the max 5-7 years old).
2. On the other hand, if you are looking for investment and selling the property later, it is better to buy a new property than a resale property. This is because you won’t get a good resale value on a resale property.
3. Resale property rates are usually less than that of ready to move in property. However, at times, if the property is aged between 3-5 years, the resale price might be higher than that of ready to move in property.
4. Lastly, the location! Location plays an important role in buying a property. Be it for self use or investment, choosing a property that suits your purpose its crucial.
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Authors Of The Question
Should I buy a new property or an old property in Chennai?
Archana
544Views
4 Year
2020-11-03T15:04:48+00:00 2020-12-15T11:49:03+00:00Comment
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