As a discerning house hunter, you may have come across terms like “pre launch” or “new launch” when looking for your dream home. These are the buzzwords commonly used to describe the early stages of a residential project, where developers announce their plans and begin the sale of the properties.
While it’s true that these properties are typically more affordable than completed homes, the advantages of purchasing a property during its pre-launch phase go beyond just cost savings. So let’s delve deeper into the benefits of buying a property at the very beginning of its development.
During the pre-launch phase, developers offer properties at a reasonable price, providing homebuyers with an opportunity to make a sound investment. One of the primary advantages of purchasing a property in the pre-launch phase is affordability. With many investors eager to snap up new properties, developers price these homes at their lowest to attract buyers. This provides an excellent opportunity for those looking to purchase a new home at a fraction of the cost of completed properties.
However, the benefits don’t stop there. By buying a property in its early stages, you can customize it to your liking, tailoring it to your specific needs and preferences. You have the opportunity to choose the layout, fixtures, and fittings that best suit your taste and lifestyle, making it truly your own.
Moreover, buying a property in the pre-launch phase provides an excellent investment opportunity. As the development progresses and the property is completed, its value is likely to appreciate, leading to a significant return on investment. This makes it an attractive prospect for those looking to invest in real estate.
In conclusion, purchasing a property during its pre-launch phase offers a range of benefits beyond affordability. It allows for customization, provides an excellent investment opportunity, and offers the satisfaction of owning a brand-new home tailored to your specific requirements.
Let us have a look at all the benefits of purchasing a property in its launch phase –
Early bird catches the worm
The early bird catches the worm, as the old adage goes, and this rings true when it comes to the world of real estate. In the initial stages of a newly launched project, homebuilders offer enticing pricing offers to attract prospective homeowners. These prices are often significantly lower than those of completed or ready-to-move-in dwelling complexes, making them a smart choice for anyone looking to invest in a new property.
Conducting some market research confirms that these newly released housing projects are a fantastic choice for anyone, regardless of their purpose. Whether you’re seeking a new home to live in or a property to invest in, the benefits of buying early are plentiful.
One of the primary advantages of purchasing a property in the early stages of development is cost savings. By buying early, you can take advantage of the lower prices, enabling you to get a better return on your investment in the long run. As the development progresses, the property value is likely to appreciate, making it a wise financial decision.
Moreover, being an early buyer provides you with an opportunity to personalize your new home to your taste and preferences. From selecting the layout, fixtures, and fittings to choosing the color scheme and decor, you have the freedom to make your new home your own. This is a luxury that is often not available with pre-existing homes.
Additionally, buying a new home in the early stages of development provides you with peace of mind. You can rest easy knowing that everything in your new home is brand new and has been built to the latest safety and quality standards.
In conclusion, being an early buyer of a newly launched housing project comes with many perks, from cost savings to the ability to personalize your new home. So, whether you’re a first-time homebuyer or an experienced investor, buying early is an excellent choice that will undoubtedly pay off in the long run.
Skip the increase in prices
When it comes to investing in real estate, timing is everything. One of the most significant advantages of buying a property during its launch phase is the ability to lock in a price before it is released to the market and prices inevitably rise. This is a smart move that can save you a significant amount of money in the long run, leaving you with more funds to allocate to future expenses like registration and interior design.
Luxury realtor and content creator, Snehil Yadav gives a helpful tip – As the real estate industry continues to evolve, so do the trends and market dynamics. A common tendency that has emerged in recent years is the abrupt price increase for houses following RERA certification. Therefore, pre-booking and purchasing a newly launched property can be a wise decision that can help you avert potential price hikes.
Moreover, there are several other factors that can significantly impact property prices, such as rising demand for housing, infrastructure improvements, rising labor and raw material costs, and revised laws. By purchasing a property in the early stages of development, you can take advantage of the current market conditions and secure a favorable price.
Furthermore, buying a property during its launch phase offers you an opportunity to choose from the best units available. Developers typically reserve the best units for early buyers, allowing you to select from a wide range of options that may not be available later.
Added features with Pre Launch
When it comes to purchasing a property, one of the biggest challenges is finding one that meets all of your needs and preferences. However, by buying a property during the pre-launch period, you can take advantage of the opportunity to modify and add features to your new home, ensuring that it truly becomes your dream home.
One of the primary benefits of purchasing a property during its launch phase is the ability to choose the floorplan, view, location, and accessibility that suits your needs, all while staying within your budget or taking advantage of pre-launch pricing offers. This way, you can create a home that is uniquely tailored to your lifestyle and preferences.
Moreover, buyers also have the option of requesting modifications to the interior design and layout to meet their personal preferences. During the early stages of development, builders are more flexible and accommodating, making it easier to make modifications to the property.
Whether it’s adding an extra room, changing the flooring, or installing smart home features, modifications can be easily taken into account and realized when the project is still in its early stages. This ensures that your new home is tailored to your specific requirements, offering you maximum comfort and convenience.
Exciting Deals
Finding the perfect property can often seem like a daunting task, especially when you are working within a tight budget. Fortunately, developers in the real estate market have come up with a solution that benefits both investors and homebuyers alike.
By offering attractive pricing discounts on newly announced or pre-launched projects, developers can entice potential buyers to take advantage of these early opportunities. Whether you’re looking to invest in a property or find your dream home, the early stages of a project present the perfect opportunity to secure a satisfactory deal.
By investing in a newly launched project, buyers can take advantage of the low prices that are typically offered during the pre-launch period. This is the best time to reserve your dream house at the most affordable price, as prices are likely to increase once the property is fully launched into the market.
Whether you’re a first-time homebuyer or a seasoned investor, a fresh launch project is undoubtedly the way to go if you’re looking to acquire an inexpensive property. So why wait? Take advantage of these early opportunities to secure your dream home at a price that won’t break the bank.
The real estate market is filled with opportunities and risks, and it’s up to you to decide which path to take. While some prefer to invest in properties that have already been constructed, others see the potential in buying a property during the pre-launch phase.
One of the primary advantages of buying a property during the pre-launch phase is the lower cost. For investors, this presents a fantastic chance to get in on the ground floor and take advantage of the growth potential that comes with buying early. Compared to a property that has already been built or is held by another family, there is significantly more room for financial growth.
Additionally, when you purchase a property during its pre-launch phase, you have the opportunity to choose from a wider range of customization and feature options. Builders are more understanding during this phase, and there is often a lot of room for negotiation when it comes to pricing and other features. You have more control over the property’s location, the floor on which it is located, and other details that can make a significant difference.
Of course, it’s important to trust the developer before investing in a property during its pre-launch phase. But for those who do their research and choose wisely, investing in a home during this phase can be a wise move that pays off in the long run. So why not take advantage of this opportunity and invest in your dream home today?