Resale properties are not expensive, but in some situations, yes they can. So, if you are thinking why resale flat is more expensive, then I can help you with that. There are a few reasons behind a resale property being expensive and that is because of the location, immediate occupancy, upgraded features, etc. Let me help you understand why that could happen.
Reasons Behind Expensive Resale Properties
Here are some reasons resale properties can be expensive,
Location
Location is one reason the price of resale properties can be high. If the property is in a prime area that has lots of locational advantages, then it can be several times higher than a new property.
Immediate Occupancy
New apartments take time to be completed. Whereas resale properties offer you the chance to move in immediately. This is very beneficial for people who want a quick settlement, and sellers can leverage that to increase the price.
Potential Renovations
There is a huge possibility that the previous owners have renovated the flat. This could increase the value of the property compared to a new apartment.
These are reasons resale flats can be more expensive than new ones. I hope you find this helpful.
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Authors Of The Question
Why Resale Flat is More Expensive?
Viman
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1 Answers
1 days
2024-12-15T21:48:14+00:00 2024-12-16T13:30:00+00:00Comment
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