Last Updated: January 10, 2018 16:01 pm | Tips & Advice The advantages of buying Under-Construction real estate Under-Construction or already made properties? Which one do you prefer? Buying a home is both an exciting and a tedious thing to do. As a buyer, you should be conscious of every detail that goes into buying your own place. When buying a home, you have to consider the design, the number of rooms and the neighborhood you want to live in. Under-construction property Before buying your home, you should bear in mind that buying in a new construction, or an off-plan property is a good option for many reasons. However, this option is not perfect. Nothing in life is anyway! There are advantages and disadvantages of buying an under-construction unit. Buying off-plan is not only affordable but you can also design and customize your unit the way you want it to be. Moreover, it can be cheaper than buying a pre-made apartment. You can save a lot of money just by buying off-plan. Another plus to buying a house under-construction is that You do not have to worry about repairs for the next decade or so, since you, yourself have designed or witnessed how your place was built. Nonetheless, buying a new construction house has its disadvantages. For example, when you buy under-construction property, sometimes you do not get what you have been promised. This is the most common complaint when buying off-plan. The market outlook may also change in the future. This means that by the time you move into the place, you have paid more than what it is really worth. Pre-made property The good thing about buying a pre-made unit is that it is immediately available and you can move in that fast. This might be a plus if you need the house right now. Also, what you see is what you get. the designs in a pre-made home may not suite your taste or be your first choice, but at least you do not choose something and then move in to find something else entirely. Keep in mind Buyers should check the background of the builder that they have selected. If you mostly see complains about them, then it may not be a good building company. Both choices have advantages and disadvantages, consider your options thoroughly and see if your choice is worth it before you buy. Think of how deficiencies can affect your daily life. Even the most simple repairs can ruin your day. So always keep in mind to know your builder. Taxes in buying a pre-sale is lower compared to the pre-made. Of course if you buy under-construction, you may deduct all unimportant miscellaneous fees that you may need to pay if you buy a pre-made. The buyer should examine all paperwork thoroughly before signing up. And ask questions regarding the terms and conditions before agreeing on a contract. Finally, what should you choose? Well, it depends on your financial status. If you think you can save more in a pre-made rather than a pre-sale, then it should be your choice. Just be careful on what you select. Bear in mind that whatever choice you make, it should be beneficial for you. TweetSharePinShare0 Shares Related Posts Real Estate Life in Bahrain: Find Here List of Industries in Bahrain Real Estate Housing in Lockdown: Buying a house during a crisis Real Estate Coronavirus impact: Is rent in crisis during COVID-19? Real Estate Coronavirus Impact On Real Estate Industry: An Overview Real Estate How does Coronavirus affect the economy and GCC real estate market? Tips & Advice For landlords: What to do if a tenant doesn’t pay rent or pays late? Load Comments Latest Post Tourism Things to do in Taif: The best tourism places in Taif January 8, 2021 Tourism Hotels in Saudi Arabia: Check the finest hotels in the kingdom December 7, 2020 Tourism How to have fun in Saudi Arabia: Things to do in Saudi Arabia November 26, 2020 Tourism Saudi Tourist Visa: A step-by-step guide on how to obtain the tourist visa November 7, 2020 Living in Bahrain Hotels in Manama: Luxurious residence and elegance of the Arabian Gulf November 6, 2020 Popular Post Green Buildings: Advantages and Disadvantages 9 Arab cities worth living in: Quality of Life Ranking The best 6 real estate companies in Saudi Arabia Turkish furniture: The best furniture stores in Turkey Relocating to the Kingdom? The Cost of Living in Bahrain for Expatriates Latest Properties on Weetas New Apartments / Rent Beautiful residential apartment for Rent 280 BHD Zinj New Apartments / Rent A modern fully furnished flat with a spectacular view 450 BHD AlJuffair New Apartments / Rent An amazing two-bedroom apartment for rent 325 BHD Zinj New Apartments / Rent Simple furnished one-bedroom apartment for rent 300 BHD Zinj New Apartments / Rent A spacious and fancy flat for rent 350 BHD AlJuffair