Why So Many Homebuyers Prefer The Resale Market

Table of contents

Buying a home and getting out of the renting rut is every Indian’s dream, but for today’s working professionals it’s about lot more than purchasing a bare shell and making it liveable. There are three reasons why many young working couples and individuals prefer to scout the resale market rather than buying new properties.

Lower ‘set-up’ time investment

First of all, they are looking for ‘plug-and-play’ options to the maximum extent possible – in other words, homes which have already been rendered livable by their previous owners in terms of furnishings and fittings. New fully-furnished properties are too expensive and are in any case rarely as functional as such buyers want them to be. In a furnished resale flat, a few key changes to decor are often enough. Time and capital are both at a premium for professionally active buyers, and they simply cannot waste either on setting up a new household from scratch.

The downside: Older properties tend to have lower-grade amenities and facilities, and technological advancements in home automation and security may not have caught up. Also, previous owners do leave an indelible stamp of their own ‘personalities’ on their homes. Making such a home entirely your own is often challenging – and if one factor in extensive redecoration, expensive.

Better pricing

Secondly, one often gets better locations when one opts for resale properties. New housing projects that meet one’s budget usually happen in newly emerging areas, as the more happening locations are either already fully developed or new housing projects there are hyper-expensive. Buying a resale flat allows young working couples or individuals to buy into a well-connected location at a cost which doesn’t break the bank.

The downside: For any Indian, one of the important motivations of buying a residential property is the investment objective – they want their properties to appreciate over time. Unfortunately, buildings age and the appreciation potential of a resale property is already lower than a newly-purchased one. If one buys such a property and eventually puts it on the market again, it has already changed hands twice and the building has aged that much more.

From an investment perspective, older flats are definitely not the best bet unless the location is a highly-prized one (in which case buying into it is in any case beyond the budgets of most up-and-coming professionals).

No white-knuckle waiting

One of the inherent potential horrors of buying a new property today, assuming that it is an under-construction project, it delayed possession and even stalling of the project. Doling out rent as well as EMIs every month is nobody’s idea of a good time. When you take the ultimate financial plunge of buying a home, you want ALL the benefits of homeownership – including freedom from rent.

The downside: Given all the risks involved in investing in yet-to-be-delivered projects today, there is no downside to being able to move into your home right away. Period.

A New Alternative: Modern Plug-And-Play Homes

Though the resulting cash crunch on developers has increased the potential hazard of delayed possession and stalled projects, the ongoing slowdown in housing sales across India has served a number of beneficial purposes too. In the first place, prices across most markets have rationalized. Secondly, buyers’ bargaining power has increased manifold. Thirdly, developers have been prevailed upon to come up with newer, more attractive options to lure buyers. One of the most attractive new concepts to have hit the housing market of late is cost-effective plug-and-play homes.

Such homes are ready-to-move-in in the truest sense because they are instantly ‘liveable’. At a unit level, they are fully furnished and provided with every trapping of modern comfort, including ‘smart home’ automation security and conveniences, fans and air conditioning, heaters installed in bathrooms, and all contemporary kitchen features and appliances. At a project level, they provide regular housekeeping for all units, in-house fitness centres, food courts with delivery service, and community halls with regularly scheduled activities for residents. Also, they are sized for affordability and convenience and located in the best-connected areas of the city.

The arrival of this new concept has been a blessing for working couples and individuals and even retired people who want their homes to support a vibrant, enjoyable and connected lifestyle and negating the time, effort and expense involved in setting up and running a functional household. Delivered in highly customized new projects, these homes are in fact the ultimate home seeker’s solution.

Already available in Pune’s IT-centric location Bhugaon, such housing options are garnering a lot of interest from developers who simply tie up with the facilitating agencies to provide these comforts and build their projects according to set specifications. For home buyers, it is nothing less than a dream come true.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
10th grade English
very good
Customer 452773, March 26th, 2023
Business and administrative studies
excellent job
Customer 452773, March 12th, 2023
Business and administrative studies
Thank you for your hard work and effort. Made a 96 out of 125 points Lacked information from the rubic
Customer 452773, October 27th, 2023
Business and administrative studies
excellent job! got an A, thank you
Customer 452773, May 24th, 2023
Human Resources Management (HRM)
excellent
Customer 452773, June 25th, 2023
business
Great job
Customer 452773, February 13th, 2023
Leadership Studies
excellent job
Customer 452773, July 28th, 2023
Nursing
thank you so much
Customer 452749, June 10th, 2021
Business and administrative studies
Excellent job
Customer 452773, March 17th, 2023
Leadership Studies
excellent job
Customer 452773, August 3rd, 2023
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
Business Studies
Thank you very much for a good job done and a quick turn around time.
Customer 452615, March 31st, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp