Points to Remember Before Buying Apartments in Malad East

With the real estate market taking bigger strides every day, the returns on investments have increased substantially. As a result, the stage is set for home buyers looking for properties in Mumbai. This is especially true in terms of apartments in Malad East. More people are now gravitating towards the idea of buying small, moderate, and larger-sized 3 BHK flats in Malad rather than renting them out.

Here, we help you take a quick look at the pros and cons of buying an apartment in Mumbai.

Pros of Buying 3 BHK flats in Malad

• An apartment will subsequently increase in its value. This means that it will be possible for you to get more than you have invested if you decide to sell your property at any stage in the future.
• As homeowners are believed to have a rather good credit score, their credit ratings are much higher, and they are likely to get loans easily.
• There will not be any fluctuations if you happen to take a fixed-rate mortgage against your home. The amount payable will remain constant across the loan’s lifetime.
• The interest payable on the purchase of an apartment is eligible for tax deductions.
• When you are the owner of a flat, you can manipulate and renovate any and all aspects of your home any way you desire. This is not possible if you choose to live in a rented home. Tired of cabinets? Replace them. Do not like the carpeting? Invest in wooden floors to add more value. It’s that simple. 

Cons of Buying 3 BHK flats in Malad

While owning an apartment, homeowners have to fix everything on their own. They also have to remember and keep up with loan and mortgage payments, property taxes, HOA fees, insurance, and repairs. These acts can be time-consuming and stressful for many.

All said you would not want to pass upon the opportunity of owning having a 3 BHK apartment in Malad. So, stay tuned with the real estate offerings in Mumbai and strike the best deal at the earliest – you will be glad you did!