Resale vs New Flat : All you need to know to Decide

Рет қаралды 89,952

Жыл бұрын

Every house buyer needs to decide between resale vs new house. Both resale flat and new flat have their own pros and cons. In this video I have discussed all aspects around resale vs new flat, including pros, cons, process of buying, cost involved and expected capital appreciation of resale house and new house. I have also suggested when is a good time to buy a resale flat i.e. is it worth buying 20 year old flat
In this video, I will discuss
1. Pros and cons of resale vs new flat
2. Buying process of resale vs new flat
3. Total cost of purchasing the old construction vs new construction
4. Resale value / capital appreciation of resale vs new house
5. Age cycle of a property in India
6. Is it worth buying 20 year old flat
About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
You can reach me
Email: info@flatsandkeys.com
Whats app no: 9625111400
#resalevsnewflat #newconstructionvsresale #resalevsnewhouse #prosandcons

Пікірлер: 167

@abhijitkhopkar1500 10 ай бұрын

There is a benefit in buying old flats, they are built with really low FSI and comes with a high land share. The price of building depreciates but the land underneath is a goldmine. You shall reap the benefits when the building goes for redevelopment in such cases.

@PadheLikheLog 9 ай бұрын

I think for resale best practice is to live on rent in that society for 3-4 months and then purchase

@dhanan-j1466 8 ай бұрын

Yes, that's a best option when possible. but it's not practically possible many times. Another option is We can ask for real feedback and reviews from people living there.

@triptybaheti 5 ай бұрын

No. Shifting with all the furniture is not a easy task It's best talk with the neighbours , know the pros and cons then purchase

@RahulSharma-ps1rf 2 ай бұрын

@@triptybaheti staying yourself and talking to neighbours are very different things. If you stay 11 months on rent and then buy , only 2 times your furniture will be moved but you becomes 100% sure about your decision and the feeling of moving from rent to own will all things set in a society will be awesome like maid, milkman etc

@jayessaar7 2 күн бұрын

Just recently purchased a flat in 14 year old building. I wish I had seen this video before purchasing. The resale vale of a resale flat was very informative.

@ManojPandey-fg8et 10 ай бұрын

बहुत अछी नॉलेज आपके द्वारा दी गयी है धन्यवाद

@rushikeshgodase4150 6 ай бұрын

Government ko investors pe kuch limit set krna chahiye real estate investment ke liye. Ye investors ke wajah se house prices bahot badh gaye hai. Because of this houses are become unaffordable now a days.

@dhruvpahwa7602 10 ай бұрын

Resale flats are not cheaper any more. Sellers usually ask for the as price at which new flats are being sold as resale unit will be ready to move and for new one you might have to wait for 1-2 yrs for possession

@dhanan-j1466 8 ай бұрын

Completely agree.

@ravimevada2023 Жыл бұрын

Great and knowledgeable for me. Right now I am looking for resale property . Thank you so much for your suggestions.👍

@Rajat8-zr3nn 11 ай бұрын

I think the build quality matters for more than 8 yrs old property. If it's well maintained and no major quality issue noticed, then that's a much better option as compared to new flat where we are not aware of it's actual condition after 8 yrs

@mosmae 9 ай бұрын

In real estate it's location location location. With traffic jams staying in central location in key. If u have budget no in right mind prefers suburbs. People with budget will always prefer resale in developed location. Example sobo..always property prices r sky high there old or new.

@subratadey5741 Жыл бұрын

Thank you so much sir for upload this video. Many buyers will be benefitted like me.

@mosmae 9 ай бұрын

For personal use all sensible people prefer upmarket locality rather than unsafe suburbs.

@tamalikasomakdhar8102 10 ай бұрын

Absolutely correct observations and information shared is very correct. Thank you for sharing everything in so much detail, it will really help homebuyers in decision making.

@smdk5296 9 ай бұрын

God bless you... Very important information... You always give accurate knowledge.. Thanks🙏

@772amitsharma 6 ай бұрын

Eye opening vedeo ,big thanks 🙏 and salutes to you

@arunchinki0413 Жыл бұрын

Sir, i suddenly came across your channel right now & have watched 3 videos till now, your way of explaining little little details are really good plus the videos are so much informative & useful....keep making such videos

@flatsandkeys Жыл бұрын

Thank you for your kind words. Will continue creating content which is real and useful.

@PadheLikheLog 9 ай бұрын

This is an amazing channel, I didn't knew it existed for such a long time, much better than those sango gurus

@AghorSairajdhar 8 ай бұрын

बहुत सुंदर जानकारी जय जय हो आपकी ❤

@Roger56684 7 ай бұрын

Concise and well researched.

@RahulSharma-im6ii 4 ай бұрын

Nicely briefly,thank😊

@ganeshvarsha 20 күн бұрын

Very well explained and a lot of useful information shared Sir. Thank you

@suraj_hirade 3 ай бұрын

Thanks for the information 🙂

@jyotigupta1868 11 ай бұрын

Very well explained And like the way you speak

@kesavannair6289 11 ай бұрын

Thank you sir for the valuable information.

@rahulchaudhari-qz5ix 6 ай бұрын

Thanks sir nice 👌 information

@harshvardhangautam115 Жыл бұрын

Sir you have explained very correctly,

@manikantjha877 6 ай бұрын

very good remarkable ideas.

@sudhirtalekar5464 4 ай бұрын

SIR, THANK YOU SO MUCH.

@devinderyadav6483 Жыл бұрын

Good explanation it added to my knowledge when to resale / new property

@flatsandkeys Жыл бұрын

Thank You 🙏🏻

@gopaldaffar3717 8 ай бұрын

Good info sirji.

@NaveenKumar-mj3dl Жыл бұрын

Appreciate your knowledge and wisdom ..

@flatsandkeys Жыл бұрын

Thank you so much !

@itsMrSameer 2 ай бұрын

Thanks ✅ Love From Mumbai 💚💚💚

@mukuljain9152 Жыл бұрын

Thank you for sharing your thoughts

@flatsandkeys Жыл бұрын

Glad you liked it !

@gomzify 6 ай бұрын

incredible content ....

@manojgariya0366 4 күн бұрын

Very informative video

@ridhima495 8 ай бұрын

Thank you Sir for posting such good material on You Tube! We are first time buyers and need help in answering this question - How do we check registration details of a property in Government records?

@mohammedprintingworks7138 4 ай бұрын

Good advice by you

@avadheshyadav3181 5 күн бұрын

Very good sir🙏

@Khushboosingh-dx2wr Жыл бұрын

Great video with knowledge

@flatsandkeys Жыл бұрын

Glad you liked it

@Thedotcomstudio 7 ай бұрын

शानदार वीडियो।

@I_agree_with_you 11 ай бұрын

Very good analysis

@satvikkhare1844 Жыл бұрын

Thank you sir for this invaluable inputs. Gave me a new perspective on resale flats. Can you please tell about how mivan construction have effect on resale prices or you inputs on mivan flats. Since there is no issues in construction quality of mivan flats so they one less hassle to worry about in mivan. Some people are saying that mivan will revolutionise resale industry and everyone will buy mivan flats only.

@flatsandkeys Жыл бұрын

Thank you for your feedback and suggestion. Will definitely do a video on mivan construction

@altafkhan1222 9 ай бұрын

Jabse logo ne real estate ko investment samajhna shuru kiya hai tabse ghar khareedna or mehenga ho gaya hai.

@Being_modern 7 ай бұрын

Helpful video

@sandiptiwari2604 5 ай бұрын

Achi jankari di sir ji

@maheshkukreja1 Жыл бұрын

Well done. Make one video on Sobha project as well (comparison with other). Will be hit.

@flatsandkeys Жыл бұрын

Thanks for the suggestion. Will surely do a video on project as well

@nirmalaayaanvlogs4424 4 ай бұрын

Good information

@neetatawte Жыл бұрын

Very nice information

@InfiBlogger Ай бұрын

Appreciate the knowledge shared in this video. I have one fear, i dont personally like hogh rise buildings. Its gives me some fear as well. But the low rise flats are really very costly in my area. Not sure what to do. People are moving to 20 years old GDA flats, but problem is same, they wont be able to sell after 20 years. Why would i buy a 40 years old house. Really a big decision to take now.

@ananthakeshava7278 Жыл бұрын

Very informative

@PraveenKumar-jf3zu 10 ай бұрын

Please also make a vedio on Flat Vs Home.

@ganapathysubramanian520 11 ай бұрын

Please mention about full cheque payment which one is better Resale or new one.Your reply will be highly appreciated

@DPKAL 9 ай бұрын

Great

@metarock3054 5 ай бұрын

Thank you for the info sir. Very insightful. Quick question- Even if the resale flat/apartment is 15-20+ years old, if its in a prime location.. wouldn't other builders or same builders plan for redevelopment for profit purpose... so won't the owner get a good deal there??

@munafmulani5201 Ай бұрын

@flatsandkeys What after the age of property finished ? Do we get another flat in another society or builder will reconstruct same property ?

@ashishgarg8062 9 ай бұрын

hi, please make a detailed video on purchasing a flat through bank auction as well. Is it advisable - why / why not?

@NileshPatel-jo4li 10 ай бұрын

Very nice 👌

@gopalkrishanbiswas4244 5 ай бұрын

Thank you

@johngore8374 Ай бұрын

Yes ur best

@nish21m 8 ай бұрын

What is difference between DEED OF ASSIGNMENT & Sale Deed. I purchased a resale flat, but got deed of assignment . Is it the right document or I need to do some other step? The flat is in Pune

@tarunbahuguna 11 ай бұрын

I fail to understand this. A resale flat in an already developed locality with a well in place social infrastructure will be beneficial as compared to a so called new flat which will come up in a suburb in next 5 years and another 5 years for social infra to reach basic levels. Isn’t this the reason why prices are going insane in Delhi and Bombay? Certainly in this case one needs to pay money upfront and can be expensive or out of budget for most ppl.

@rushikeshgodase4150 6 ай бұрын

Pune mein new flats ke price bahot badh gaye hai ab to resale flat hi acha option lagg raha hai.

@umeshbamane75 Жыл бұрын

Very good 👍

@SANDEEPKUMAR-bu2vd Жыл бұрын

Very nice video❤ keep making good videos sir

@flatsandkeys Жыл бұрын

Thank you !

@ashteshdiwakar276 11 ай бұрын

Hello Sir, Thanks a lot for sharing such wonderful insights and experience. This is ultimate guide for any buyer in market. My friend has recently purchase a flat in nearly 20 year old building and he also mentioned that the cooperative society of building is planning for redevelopment in next 3 years max. So is it not safe to buy discounted apartments here? The flat owners will extra carpet like 1 Bhk owners get 2 Bhk and until the building is ready they also receive rent. These are the benefits i heard any comments on this might help. Thanks again for well scripted content.

@flatsandkeys 11 ай бұрын

Buying a flat in a society which will go for redevelopment is a double edged sword. if the construction is completed on time then you get a better flat with higher value. But a lot of time these projects get stuck and take a long time for completion due to issues between developer and residents. also sometimes builders stops making rental payments aswell. So throughly check developer credentials and past projects they have completed. Also, it is a better option if you are buying this as an investment and are staying somewhere else.

@ashteshdiwakar276 11 ай бұрын

@@flatsandkeys makes sense, thank you!

@bravewarrior1218 9 ай бұрын

@ashteshdiwakar Redevelopment projects are a double edge sword... Ahuja Builders Booked For Cheating 590 Homebuyers In *Redevelopment Project In Sion* The flats initially cost ₹75-80 lakh but the price was changed to ₹1.75 crore to ₹2 crore after the developers introduced Fosun Hive, a China-based company, as an investor/developer;as Ahuja Builder was on the verge of bankruptcy. The Chunabhatti police have booked six persons, including Jagdish Ahuja and Gautam Ahuja of Ahuja Constructions, for allegedly cheating 590 homebuyers with the lure of flats in the redevelopment project at O2 building, LBS Road. Mulund While 280 original owner families are waiting for their rents, the other 310 buyers claim to have paid 75% to 100% of the cost without getting possession. Moreover, the price of the flats was also doubled when another investor was brought in. Possession was promised by June 2022 but Fosun Hive (aka Carbon Hive Zero Constructions Pvt Ltd) allegedly stopped work in February this year. The developers, according to the complaint, continued to sell flats till June 30. When new buyers and tenants demanded their houses from the developers, they were told that work would resume after new developers or contractors are brought in. The buyers have alleged wrongful loss, accusing developers of having earned wrongful gains. Besides the Ahuja builders, the other booked persons include Ahuja Group manager Chandrahas Yellapa Kotian, CEO of Ahuja Group Sanjay Shrivastava, and Fosun Hive chairperson Peng Peng Sia.

@Danush12345 7 ай бұрын

Who will be paying for redevelopment here and also rent .

@govindc46 Жыл бұрын

Excellent sir

@flatsandkeys Жыл бұрын

Thank you

@ravindraingle7819 10 ай бұрын

Very nice video can you please conver the reconstruction of old building benifit

@flatsandkeys 10 ай бұрын

Thank you ! have made a video on redevelopment here is the link - kzfaq.info/get/bejne/obykl9OY0qqXXZc.html

@vaibhavdhiman3474 Жыл бұрын

Great video

@flatsandkeys Жыл бұрын

Glad you enjoyed it

@user-vk4gb5hw1c 21 күн бұрын

Sir, 12 years purana flat resale from developer mil raha hay! But Seapage hay developers thik kar dega bola hay ! Lena sahi hoga? Surround and Neighbors udhar thik hay.

@user-bu8xw2ly5v 10 ай бұрын

Respected Sir I am a big fan of your good self I watch and enjoy every video from your good self sir I badly need your valuable advice as I want to purchase a 2 BHK flat for my son working in Noida I have short-listed two options one from central Noida sector 78 heavily populated area the society is 7 years old and some aging marks are clearly visible over the building,the 917 square feet 2 bhk costing 78 lakhs in total, the another choice is in sector 150 noida an under construction building from tata value home, the price of 1100 sqft 2 bhk is 1.1 cr total, the possession is expected in next year where should I go please provide your valuable advice thanks and regards

@sanjaymankar1658 6 ай бұрын

Could you post Video on Pune properties?

@MO8O8DY 7 ай бұрын

Is a top floor flat with a gym above masterbedroom ( its an apartment of 10 2 bhk flats) good for resale?

@vnayak2253 13 күн бұрын

Very vary well explained Sir...... i want to sell my current flay and buy a new or Resale flat simultaneously, and that too without loan... .......how to go by and how to carry out the transaction..... Can you please guide Sir.....It will be of great help

@dr.jitendraraghav5374 Жыл бұрын

Very nice elaboration

@vilaskasrung6007 Жыл бұрын

Good 👍

@ravindraingle7819 10 ай бұрын

In resale house best area of city it chance to reconstruct the building after 40 year then that is beneficial right

@ThePratik822 6 ай бұрын

In title chain first owner registration is not done second owner is registered so it is ok to take flat or there is any problem?

@satyagatam23 8 ай бұрын

Sir I am willing to buy an affordable builder floor in resale.. which are the documents should I check coz this is going to be my buy.

@ahanakhtar8301 11 ай бұрын

Real estate is nothing, dependent on LOCATION , LOCATION , AND LOCATION May be old or new .

@atulpandey6500 Жыл бұрын

Home loan transfer happen between different banks. You dont need to take a loan from the same bank

@56041640 Жыл бұрын

Many information given was wrong and threatening to customers opt for resale

@sanketh768 6 ай бұрын

So what youre saying is dont buy resale flats which are more than 5 years old?

@subhashjatta9392 Жыл бұрын

Builder se kese lein direct

@sugathanpanicker7997 9 ай бұрын

Nice explanation 😊

@flatsandkeys 9 ай бұрын

Thank you

@VasantOasisBhaagwatkatha 10 ай бұрын

Its not necessary to shift the loan to same bank

@kokilapatel6530 10 ай бұрын

Flats older than 20 years may be demolished by the Builder, the flat owners will get the share of the value of the land i believe.

@sandeepjadhav3755 Жыл бұрын

Plz make deatile video how to check chain of doucument including sale deed etc.

@flatsandkeys 11 ай бұрын

Have already made a video on same here is the link How to Check Documents Before Buying a Resale Flat | Resale Flat Document Checklist : kzfaq.info/get/bejne/rKuPgcx428q4d6s.html New Flat Documentation : kzfaq.info/get/bejne/hryHqsxmvpvPhIE.html

@sandeepjadhav3755 11 ай бұрын

@@flatsandkeys thanks for reply I definately look it

@apurvajoshi6281 4 ай бұрын

How can I get a loan on 50 year old property? Will i have to repay the entire loan when redevelopment starts

@akashsolanki5455 Жыл бұрын

Sir plz share what is your preference resale or new flats?

@flatsandkeys Жыл бұрын

I personally prefer new flats. as they get better appreciation immediately within 3-5 years of possession. Also it always feels better to live in a brand new apartment.

@taruun819 Жыл бұрын

Kindly share your views on the future of Dwarka society flats in Delhi, is it worth the investment?

@flatsandkeys Жыл бұрын

Will definitely do a video on same very soon

@taruun819 Жыл бұрын

@@flatsandkeys Thanks

@msnegi7321 8 ай бұрын

👍👍❤

@deepakmaken343 7 ай бұрын

Can I hire a man or company who can check flats documents which I'm buying ?

@yuktasingh986 Жыл бұрын

Hi Sir , what about resale of new flat only. Like people buy flats while under construction stage and when its ready to move they sell it with increased cost than their CP but still its cheaper than builder rates

@target_Judiciary Жыл бұрын

It is considered as a new flat only. So you can purchase it. Also, generally it is sold at the price of a new flat only.

@qwermngh 9 ай бұрын

Due to thses investers property prices touching sky😭

@rushikeshgodase4150 6 ай бұрын

Yes bro. Government should impose some limit on real estate investment. Because of this investors poor people unable to buy the homes.

@vargavvaradwaj4064 9 ай бұрын

How about buying a 10 year old property and hold on to it until some builder offers for redevelopment…

@geekygambler2191 5 ай бұрын

I have a doubt ... Who exactly pays for the redevelopment?

@akshaymayekar2871 5 ай бұрын

Can i buy 30 years old flat for use

@user-gv6og7zu1o 2 ай бұрын

I AM going to purchase resale flat

@anurag516 20 күн бұрын

I think not 100℅ applicable for delhi, as very few new construction in delhi, that is why you have to purchase resale flat in delhi. No have any option...

@ayanshkumar946 3 ай бұрын

20 year old house lena chahiye ya nahi

@rachnagupta6997 9 күн бұрын

10yr purana Ghar lena chahiye?

@notunkichu640 Жыл бұрын

14-15 years top floor flat buying profitable and what things need to be verify?? Location is very good and how much rupees per sqft (when new flat Rs. 3000-3200 per sqft) Thanks

@ANKITDIXIT-ir9yy Жыл бұрын

Which location ??

@notunkichu640 Жыл бұрын

@@ANKITDIXIT-ir9yy Siliguri shiv mandir a type b city

@notunkichu640 Жыл бұрын

@@ANKITDIXIT-ir9yy sir, what is open car parking system 4 parking 2 way to out