Investing in a Home with Rental Assurance: The Wise Option
Buying a home is the long-cherished desire of most people, and rental assurance plans make it possible. Such ongoing developments have tremendous advantages, which guarantee financial safety and a worry-free investment process.
Rental income guaranteed, less financial stress – there are a number of benefits offered by properties with rental assurance. Let’s find out why such an option can prove to be a wonderful decision.
Benefits of Investing in an Ongoing Apartment with Rental Assurance
Buying an already-occupied apartment typically means making both rent and EMI payments, which is a financial burden. To provide relief from this, developers have introduced rental assurance schemes for ongoing developments.
Here’s why investing in such properties is beneficial:
Lower Buying Costs – Ongoing apartments are typically more affordable than fully constructed ones.
No Maintenance Fees – Until completion, the developer handles all maintenance expenses.
Only Pay EMI – You don’t need to worry about rent while waiting for possession.
No Utility Bills – Water, electricity, and other charges are managed by the builder.
Guaranteed Rental Income – Developers offer assured returns based on the property’s value appreciation.
Rental assurance ensures a steady income, making it an attractive option for investors across different age groups. Let’s dive into its benefits in more detail.
1. Guaranteed Rental Payments
Once you enroll in a rental assurance scheme, you start receiving a fixed rental income every month. The builder sets up a dedicated bank account linked to your property for seamless transactions.
No matter if the property is rented or not, the developer secures your rental income for the contracted period. This puts an end to worries about untrustworthy tenants or changes in the market.
2. No Hidden Costs
When purchasing an ongoing apartment, the primary costs include the property price and registration charges. There are no additional fees for maintenance, tenant placement, or rental contract approvals.
Builders take full responsibility for finding tenants and ensuring consistent rental payments to property owners.
3. No Tenant-Related Hassles
It is stressful to find tenants, deal with paperwork, and collect rent. With rental assurance, the builder assumes these responsibilities.
In some cases, developers even guarantee rental income before a tenant moves in, saving you from chasing payments or dealing with rental disputes.
4. Regular Property Inspections
Leading builders prioritize the upkeep of their rental-assured properties. They conduct routine inspections to ensure safety, security, and maintenance.
In case of any problem, like interior damages or clogged pipes, the builder is responsible for making the required repairs. They also guide tenants on maintaining the property’s condition.
5. Flexible Contract Terms
Rental assurance schemes offer flexible contract durations based on your preferences. Whether you need a short-term agreement for six months or a long-term commitment of two years or more, builders can customize the contract to suit your needs.
6. No Utility or Tax Burdens
One of the greatest benefits of investing in an ongoing apartment with rental guarantee is that the builders cover all the utility bills and property taxes.This is to say that all the payments are made on time, without adding to your financial load.
Important Points to Note Before Investing in a Long-Term Apartment:
Before you invest, remember the following points:
-Ensure the builder and property are registered under the RERA Act for legal security.
-Ensure the real estate agent operates according to SEBI guidelines to prevent fraudulent transactions.
-Read the builder’s terms and conditions of rental guarantee to know your benefits and liabilities.
-Ensure the mode of rental payments—bank transfers, UPI, or other virtual payment modes—and check required details like IFSC codes.
Ready to Invest in a Property with Rental Guarantee?
Since you pay a lump sum for an ongoing property, it is important to select a reliable builder. While every real estate investment involves some degree of risk, associating with a reliable developer reduces uncertainties and increases benefits.
Take time to study various builders, go through their ongoing projects, and assess the rental guarantee schemes they propose. Selecting the right developer ensures your property is well-maintained, financially rewarding, and secure.
If you are searching for an ongoing apartment with rental guarantee, Vinayak Group offers expert advice and investment opportunities. Feel free to reach out at +91 96724 70563 to find the best property for you!