Resale Flats – Best Buy Option in Hyderabad

If you are living in a rented house in Hyderabad and paying hefty rental charges then you should seriously consider buying a new house, immediately.

Also, shifting from one place to another to avoid rising rental charges can be a cumbersome task. The extra shifting costs you pay every time, along with the mental pressure you undergo to search a new home constantly, is huge.

Now the foremost factor comes in mind is the ‘Budget’ to buy a new flat. If you are money conscious and don't want to buy a costly new flat in your area then look out for good resale flats for sale in Hyderabad. You can also prefer the area where you are living in currently.

Buying a resale or old flat (not the one in dilapidated condition) can be a sensible choice for you rather than spending money on rental charges.

Resale Flat vs. Rented Flat

Many times, prospective home buyers wait for years, for the fall of real estate prices, which never comes as with time, the property prices keep on increasing with the increase in the inflation and population. It may become stagnant for a few months but never comes down. In such a situation, resale flats might be the best solution for you which can be obtained at a discount of no less than 10%-15% of the price of a newly constructed flat.  

You can use the saved money to up-do its interior decor and can flaunt your cheap yet elegant home to your colleagues. Also, there will be no waiting for you and you can instantly shift into your new flat.

There are large numbers of 2bhk resale flats for sale in Hyderabad, in it’s different localities. There are ample resale flats for sale in Pragathi Nagar Hyderabad, if you prefer this locality. Or you can search resale properties on reliable real estate online portals or get in touch with a local real estate agent.

Benefits of Buying a Resale property:

•    Affordable rates than a newly constructed house

•    You save a lot of money in ready to move in resale flat compared to an under construction flat, where rental charges, as well as EMI (of under constructed house), are paid at the same time.

•    You get immediate possession of the property and start taking the tax benefit from the first EMI itself.

•    ‘You Get what you See’. You buy the property which is in front of yours, all features, amenities, etc. are real.

For Property Sellers:

There are many takers in the Hyderabad market for resale flats. Even in the dismissal real estate market, there have been many takers for resale or pre-used homes.

Now a days, you can easily find a customer for resale 3 BHK flat for sale in Hyderabad if the desired property ad is placed on proper platforms. Proppick provides an amazing platform for such resale property sellers with no cost of posting. You have to just enter the property details on the portal and you start getting leads from the real home buyers.

The hotspots for the secondary or resale market in metro cities is growing especially in highly commercial or developed pockets of the city. Here, the demand is high and new supply is limited. You can get resale flats for sale in Kukatpally, Hyderabad easily at affordable prices than a new one.

One of the biggest advantages of putting your property online is that the property buyer gets exposure to a bigger platform and the owner gets responses from a larger target audience.

When to put ‘Resale Flat for sale’?

If you owned a flat for more than a decade, then you can definitely look for an exit and reinvest in some new project. The criteria for resale can be needed for: a bigger flat, plush society, better amenities, good returns, etc. It is observed that the re-saleability of 2BHK flats is definitely higher than 3 BHK, 4BHk flats.

It is recommended that your property get a better return on investment if it is at least a decade old. However, if it is less than 5years since the purchase, then the returns won't be good enough as prices would have remained stagnant for large parts of this period.

For Resale Property Buyer:

For a resale property buyer, it is important to keep some factors in mind before making a deal. You can negotiate the price on the basis of city, locality, brand name of the construction company, age of the flat, amenities available in the scheme, parking, security and many others. If you are a young IT professional than preferring a resale flat in Kondapur Hyderabad could be an affordable choice. It could be the best solution for home buyers rather than living in a rented house. Later on, you can buy a premium new flat by again putting it as a resale flat for sale in Kondapur Hyderabad on various online real estate portals.

How to Choose a Resale Property?

Here are some tips to make the selection process an easy and productive one.

•    The ideal range for resale property to buy is between 1year - 5years to a maximum of 10 years.

•    Check the documents of the property properly.

•    Check the builder's reputation and the construction quality factors associated with the property.

•    Consider the surrounding environment, proximity to important areas and amenities available in the vicinity.

•    Understanding the reason behind the sale will help in uncovering the problems and issues with the property if any.

Final Words:

Nothing can be more profitable than purchasing a house i.e. a Resale Flat/house, at a price much lesser than the market rate. Also, the resale flats are fully constructed and come with a ready-to-move-in tag. Hence, if all your property required factors work in your favor, it might be a good idea to invest in a resale flat/house. It helps to save a good amount of money while also saving time otherwise spent in waiting endlessly, for a new project to complete.

If you want to sell your flat or looking to buy a resale flat in Hyderabad, we give you the biggest platform with a large number of visitors checking your property listing daily, on our website. For more details contact us now.